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Verdane Capital closes biggest ever fund on SEK2bn

16 Jun 2014

nordicNordic direct secondaries investor Verdane Capital has secured SEK2bn ($300m) for its eighth fund, making it the largest vehicle it ever raised.

The firm said that more than half of the money was raised from LPs based outside of the Nordic regions.

LPs that have backed the fund include Swedish Pension fund AP3, the European Investment Fund, French insurance company CNP, Finnish Industry Investment and US institutional investors.

Verdane VIII has invested in 16 Nordic companies in the e-commerce, energy and IT sectors via three different portfolios in Sweden and Norway.

Verdane managing partner Bjarne Lie said, “We are searching for further investment opportunities within these sectors, and within technology driven industry.

“The fund offers liquidity to sellers in a time efficient way, and has the flexibility to buy a complete portfolio, parts of a portfolio or just a single shareholding. The companies can benefit from our experience and knowledge.

“We already see a lot of interest from potential sellers, but would also be happy to discuss new opportunities.”

Verdane’s recent deals include the acquisition of a portfolio of ten Swedish internet companies from Aggregate Media.

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