FINLAND - CapMan holds first close on EUR 203m

Fundraising for the new vehicle began in September 2008. Commitments came from 11 institutional investors in the Nordic region, while CapMan Plc also made a EUR 13m GP contribution. During the fund's investment period the management fee will be based on the fund's final size. This will start to accrue from the first investment, following which fees will be calculated on the on the acquisition cost of the remaining portfolio. Carried interest is expected to be generated after six to seven years when investors have regained their investments and a preferred annual return of 8% on their investment.

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• Topics
• Buyout
• Nordics