Polaris Private Equity (Polaris) has successfully completed a first closing of its fourth private equity fund – Polaris Private Equity IV – at DKK2.2 billion (EUR300 million).
The fund, which is believed to have a target size of DKK3.0 billion, became operational as of 1 January 2015, simultaneous with the expiry of the investment period of the predecessor fund, Polaris Private Equity III.
Jan Johan Kühl, Managing Partner at Polaris, says: “We are pleased to have held a quick and strong first close for our latest fund. We deliver strong returns to our investors, founded upon our philosophy of investing at disciplined valuations and using a well defined, proven value creation model that combines extensive buy‐and-build execution, hands-on operational impact and organisational development, all supported by the ‘Polaris Excellence Model’. The support we have seen for this fund is a testimony to our approach and performance, and we look forward to working with our LPs for many years to come.”
