Axcel Management (Axcel), an investor in the Nordic market, has closed Axcel VI at its hard cap of EUR800 million, an increase of more than 30 per cent compared to its predecessor fund.
Axcel is equally pleased with the continued strong support it received from existing investors representing approximately 65 per cent of the total commitments, as it is to welcome the many new investors.
As a result of its solid investment pipeline, Axcel VI has already completed six investments, which have seen strong, early momentum and a significant value increase.
Christian Schmidt-Jacobsen, Managing Partner at Axcel, says: “We are very pleased with the support we have received from a high-quality investor base and that we have raised the biggest Axcel fund to date despite the challenging market conditions in the wake of the Covid-19 pandemic. The Axcel team is highly confident in the opportunities we see in the Nordic market, and we look forward to working with our partners through the life of Axcel VI.”
Read more/Source: Private Equity Wire
