FSN Capital Partners (FSN) has held the final closing of FSN Capital VI (Fund VI) at EUR1.8 billion. The fund was oversubscribed and closed above its original hard cap.

With the new fund, FSN has grown significantly since FSN Capital V closed in 2016 at SEK9.62 billion (EUR985 million). Fund VI will continue FSN’s proven investment strategy of targeting control buyout investments of mid-sized companies operating in Northern Europe.

Fund VI builds upon FSN’s strong and supportive existing investor base whilst also attracting a substantial number of new investors from around the globe. Despite the challenging backdrop of an unprecedented global pandemic, FSN quickly adapted to the virtual fundraising environment, and a considerable proportion of investors completed a fully virtual diligence process. Significant local endorsement by leading Nordic and DACH investors was matched with 61 per cent of commitments from investors outside these home markets.

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Source: Private Equity Wire