Altor closes its third fund at EUR 2 billion
Altor Fund III today closed meeting its target and hard cap of EUR 2 billion. The fund will have the same investment focus as its predecessor funds, Altor 2003 and Altor Fund II, on Nordic mid-market investments.
Over 50 investors have committed to the new fund despite turbulent fundraising markets. More than 95 % of the fund was raised from existing investors. Nordic investors represent 28 % of total commitments, other European investors 33 % and US investors the remainder.
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| Date of Transaction | 2008-08-22 |
| Closing | Final |
| Fund | Altor Fund III LP |
| Manager | Altor Equity Partners |
| Stage | Small/mid-cap buyout |
| Location | Norway, Denmark, Sweden, Finland |
| Ind. Focus | Generalist |
| Fund Size | EUR 2,050.0m |
| Vintage Year | 2008 |