Verdane VII holds final close
Verdane Capital VII has held a final close about its SEK 1.5 billion target. The fund is 50 percent larger than its predecessor.
The fund drew 7 new investors and 23 investors from previous Verdane funds. The investors comprise some of the most respected institutions in the Nordic countries including: Argentum, AP3, Finnish Industry Investment, KLP, Mandatum Life advised by Amanda Capital and RealDania. In addition, a quarter of the capital came from outside the region, with commitments from European and US family offices and fund of funds.
Verdane Capital VII is primarily focused on acquiring portfolios of unlisted assets, but can also invest selectively in individual growth companies in the Nordic region. The fund has already invested in 35 companies through the acquisition of three portfolios; Spencer in Norway, Aggregate Media II in Sweden and Cumasa in Finland. All three deals were proprietarily sourced and represent an interesting breadth of underlying companies active in primarily alternative energy, e-commerce and industrial machinery.
| Date of Transaction | 2010-09-06 |
| Closing | Final |
| Fund | Verdane Capital VII K/S |
| Manager | Verdane Capital |
| Stage | Venture |
| Location | Norway, Denmark, Sweden, Finland |
| Ind. Focus | Other |
| Fund Size | SEK 1,526.0m |
| Vintage Year | 2009 |