Private equity firm CapMan has held the first close of its newly established CapMan Russia II fund at €97m.
Backers included CapMan Plc, the CapMan Russia investment team, and other 10 investors, including the European Bank for Reconstruction and Development (EBRD), which committed approximately €20m.
Led by Hans Christian Dall Nygård, the fund will invest in small and mid-sized enterprises (SMEs) in Russia. in fast-growing sectors, such as consumer goods and healthcare,
Established in 1989, CapMan Group operates in the Nordic countries and Russia, with assets under management of EUR3.1 billion. The firm has five key investment partnerships – CapMan Buyout, CapMan Russia, CapMan Credit, CapMan Public Market, and CapMan Real Estate, employing 110 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg.
It has been listed on the Helsinki Stock Exchange since 2001.