Verdane Capital VII K/S has held a final closing above its Skr1.5bn target. The fund is 50% larger than its predecessor. Seven new investors and 23 existing Verdane investors have made commitments to the fund, which invests in portfolios of unlisted assets in the Nordic region, so called secondary directs.
The 30 investors in the fund comprise some of the most respected institutions in the Nordic countries. Verdane VII has a truly pan-Nordic investor base, with investors from Denmark, Finland, Norway and Sweden; including AP3, Argentum, Finnish Industry Investment, KLP, Mandatum Life advised by Amanda Capital and RealDania. A quarter of the capital comes from outside the region, with commitments from European and US family offices and fund of funds; amongst others Dahlia, Masseran and a sizeable Zurich-based family office.
Verdane Capital VII is primarily focused on acquiring portfolios of unlisted assets, but can also invest selectively in individual growth companies in the Nordic region. The fund has already invested in 35 companies through the acquisition of three portfolios; Spencer in Norway, Aggregate Media II in Sweden and Cumasa in Finland. All three deals were proprietarily sourced and represent an interesting breadth of underlying companies active in primarily alternative energy, e-commerce and industrial machinery.
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