Adelis Equity Partners has held the final close of its oversubscribed fourth fund, Adelis Fund IV, with €1.5bn in capital commitments from external investors. Adelis employees have also committed to invest 7.7% (€116m) for a total fund size of €1.6bn.
Investors in Adelis IV include leading pension funds, foundations, and fund-of-funds from Europe and North America. Seventy-five per cent of the Fund’s external capital came from investors in Adelis Equity Partners Fund III, who collectively increased their investment amount by 30% compared to the Fund’s predecessor.
Adelis is a growth partner for well-positioned companies in the Nordic and DACH regions. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has consistently been one of the most active investors in the Nordic middle-market, making 45 platform investments, and more than 260 add-on acquisitions.
Adelis Equity Partners Fund III raised €932m in 2021. Since its inception, the firm has raised €4.25bn of capital across four flagship funds and two continuation vehicles.
Adelis received legal advice from Akin Gump Strauss Hauer & Feld and Vinge in the fundraising process. Park Hill Group served as exclusive placement adviser.
