
Nordic Capital's eighth fund holds first close
Nordic Capital has held a first close on тЌ1.7bn for its latest fund, exceeding its expected тЌ1.5bn first-close target.
The closing was announced at an investor meeting in London on 20 February, according to sources close to Nordic Capital.
The GP began marketing the fund in April 2012 and plans to raise approximately €3bn by the summer.
More than 40 investors came in at the first close. These include Washington State Investment Board, Virginia, New Mexico State Investment Council and MassPRIM. The LPs are primarily based in the US and Europe.
The Nordic firm expects a strong pipeline regarding future deals, according to a source close to the fund.
Nordic Capital officially declined to comment.
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