Verdane Capital, an Oslo, Norway- and Stockholm, Sweden-based venture capital and private equity firm, has held the final close for its Verdane Capital VII K/S, above its SKR1.5bn target.
The fund, which is 50% larger than its predecessor, has received commitments from seven new and 23 existing investors from Denmark, Finland, Norway and Sweden.
Partners include AP3, Argentum, Finnish Industry Investment, KLP, Mandatum Life advised by Amanda Capital and RealDania.
A quarter of the capital comes from outside the region, with commitments from European and US family offices including, among others, Dahlia, Masseran and a Zurich-based family office.
Verdane Capital VII is primarily focused on acquiring portfolios of unlisted assets, but can also invest selectively in individual growth companies in the Nordic region.
The fund has already invested in 35 companies through the acquisition of three portfolios: Spencer in Norway, Aggregate Media II in Sweden and Cumasa in Finland.
FinSMEs
11/09/2010