NORWAY - HitecVision V closes on $800m hardcap

The international fund raising process started in November 2007, and the vehicle held a first close on over $500m in December last year.

The vehicle is looking to make buyout and growth investments in international oil and gas companies with revenues of $50 to $300m. The fund will continue its existing strategy pursuing buy-and-build opportunities, and investing equity investments per company from $30m to $150m.

The fund attracted more than twice as much in commitments than its predecessor, HitecVision Private Equity IV, which closed on $300m in June 2006.

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• Topics
• Buyout
• Nordics