German Nordwind Capital has held a final close on its debut fund with E300m of commitments. The firm reported that the fund, which will focus on distressed or turnaround opportunities, was heavily over subscribed.
Nordwind Capital plans to invest between E20m and E60m in German, Austrian and Swiss companies. The firm’s investment approach focuses on operational improvements in under performing enterprises with strong competitive positions.
Nordwind was founded in 2002 by Hans Albrecht, the former managing director of Carlyle Group’s German buy-out team.
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