Private equity firm Summa Equity has closed its third fund (Fund III) with investor commitments of cEUR 2.3 billion (cSEK 23 billion).
The Fund was closed in record time and was oversubscribed within four months in a fully virtual fundraising environment.
With its new fund, Summa Equity now manages aggregated capital commitments of close to EUR4 billion (cSEK 40 billion).
The announcement of Fund III comes three years after Fund II, and five years after Fund I. Fund I and Fund II closed with commitments of cSEK 4.7 billion (cEUR 470 million) and SEK 6.8 billion (cEUR 680 million) respectively, and with a further cSEK 5.4 billion (cEUR 540 million) in managed co-investments.