NPE Direct, which is starting with €200m from Nordea Life & Pensions, Nordea Asset Management’s private equity program and other institutional investors, may expand to up to €400m.
The fund will source co-investment deals from both the Nordea and AlpInvest private equity platforms.
AlpInvest is a global private equity investor with over €39 billion of assets under management as of 31 March, 2017, and offices in New York, Amsterdam, Hong Kong and Indianapolis. Activities cover a broad range of private equity investing, including primary fund commitments, co-investments, and secondary purchases.
The firm’s investments span the full range of private equity, with commitments to over 635 buyout, venture capital, growth capital, and distressed funds managed by over 300 sponsors as of 31 December, 2016.