Oslo-headquartered private equity firm FSN Capital is reportedly set to close its latest fund on its hard cap.
FSN, which targets mid-cap businesses in the Nordic region, will raise up to €600m for the vehicle, said Dow Jones, citing three people familiar with the situation.
In a recent regulatory filing, the firm revealed that it had raised $25m for FSN Capital IV from one investor.
The fund follows the firm’s third vehicle, which was closed on €375m in 2008, three years after it raised €151m for FSN Capital II.
FSN, which currently has €525m under management, acquires controlling stakes in companies with enterprise values of between €50m and €200m.
The firm’s other portfolio companies include insulation products maker Skamol and housebuilder HusCompagniet, which are both based in Denmark.
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