Nordic Capital has held the first and final close of its first Evolution Fund at just over €1.2 billion (including GP commitment of 6.8 million per cent). Launched in April 2021 and raised in only three months, the Fund was substantially oversubscribed at its hard cap and significantly exceeded its target.
With the Evolution Fund, Nordic Capital will build on its long and successful investment experience in the mid-market, applying its value creation model to a broader size range of mid-market companies in its selected sectors and geographies, leveraging its own expertise and extensive expert networks.
Focusing on control buyouts, the new Fund will target equity investments across Northern Europe of between EUR35 million and EUR150 million in mid-market companies with an EV of EUR50 million to EUR300 million. It will closely replicate Nordic Capital’s established and successful strategy focusing on non-cyclical growth opportunities within the Healthcare, Technology & Payments and Financial Services sectors.
