Nordic Capital has completed its largest ever fund raise, and one of the largest in Europe so far this year, with the closing of Nordic Capital Fund XI at its hard cap of €9 billion, exceeding its €8 billion target.
Nordic Capital has completed its largest ever fund raise, and one of the largest in Europe so far this year, with the closing of Nordic Capital Fund XI at its hard cap of €9 billion, exceeding its €8 billion target.
The fund closed in nine months despite challenging conditions. With a c100% re-up rate and increased GP commitment, Nordic Capital Fund XI is over 45% bigger than its predecessor large-cap fund (Nordic Capital Fund X), which raised €6.1 billion in October 2020.
Nordic Capital Fund XI saw strong demand from a diversified global base of new and returning blue-chip investors. Nordic Capital’s current portfolio companies have on average achieved 11% organic employment growth in 2021, an average 12% increase in annual sales, and a 15% increase in EBITDA per year since Nordic Capital’s inception.
Fund XI will continue to apply deep and specialist experience to its core sectors including Healthcare, Technology & Payments and Financial Services, and selectively, in Industrial & Business Services. Its mandate includes investment in mid to large companies within these sectors in Europe; and within Healthcare and Technology & Payments globally.
