Valedo closes second fund on SEK 2bn

The fund has a lifespan of 10 years and Valedo expects to invest the capital over a period of three to five years. Terms and conditions of the fund, such as management fee, carry and hurdle, have not been disclosed.

Raised in under six months, Valedo Partners Fund II is twice the size of its predecessor, which is now fully invested following the announcement of the Corbel buyout.

Valedo used Jefferies as placement agent during the fundraising process and legal advice was provided by O'Melveny & Myers, Vinge and Bonn Schmitt Steichen.

Investors
Investors in Valedo Partners Fund II are a diversified group of Swedish and international pension funds, insurance companies, family offices, funds-of-funds and entrepreneurs, as well as employees of Valedo.

The geographic breakdown of investors is as follows: 35% Swedish, 25% UK, 32% rest of Europe and 8% North American.

Investments
Valedo's second fund is said to have the same investment strategy as its predecessor, with a focus on Nordic small- and mid-cap companies. The investor typically invests alongside the company's existing management team or key employees.

Between 10-12 investments will be made, which, due to the larger size of the fund, may be of considerable value. The fund may potentially also make subsequent add-on acquisitions.

People
Nils Forsberg and Per Forsberg are the main managers of the fund.

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• Topics
• Nordics
• Buyout
• Sweden