Two energy industry entrepreneurs have launched a family investment company which will support fledgling technology enterprises with development capital and decades of experience gained building international businesses.
Launches & Fundraising
Nordic Capital has held thefinal close of Nordic Capital Fund X (Fund X) at EUR6.1 billion (including GP commitment of 6.5 per cent). The Fund, launched in April 2020, was oversubscribed at its hard cap, and was raised in less than six months via a remote capital raise without holding any face-to-face meetings.
Global private equity investor Advent International has completed fundraising for Advent Latin American Private Equity Fund VII (LAPEF VII) with USD2 billion in commitments from institutional investors worldwide.
HIG Capital has closed of HIG Capital Partners VI with aggregate capital commitments of USD1.3 billion, well exceeding its target.
Monument Group has advised Sunrise Capital on raising Sunrise Capital IV (Sunrise IV). The fund, which was significantly oversubscribed, closed in three months at its hard cap of USD450 million of commitments.
Just six years after its founding, L Squared Capital Partners (L Squared) has exceeded USD1 billion in assets under management, with the closing of L Squared Capital Partners III at just over USD500 million.
Medicxi, a European life sciences investment firm, has held the closing of Medicxi Secondary 1 (MS1) in connection with the completion of an “Exit & Reinvest” type of structured secondary transaction.
Regional lender Mercia continues its support of UK SMEs with the announcement of an additional commitment to its debt funds. Over the next five years, Mercia will provide up to GBP40million to support the growth of regional SMEs across the UK.
Questa Capital Management, a venture growth equity firm exclusively dedicated to the healthcare industry, has held the final close of Questa Capital Partners II, with USD348 million of capital commitments.
Antares Capital Advisers, a subsidiary of Antares Capital, has held the final closing of its inaugural Senior Loan Fund (SLF).