Adelis closes third private equity fund

The Swedish investment firm has raised €932m for its third series buyout fund.

Fund: Adelis Equity Partners Fund III AB
Amount raised: €932 million
Stage of fundraising: Final close
Final close: November 2021
Time on the road: One month
Predecessor fund: Adelis Equity Partners Fund II (€600 million)

Swedish investment firm Adelis Equity Partners has held a final close for Adelis Equity Partners Fund III, the institution confirmed on its website.

Fund III has closed with approximately €932 million in capital commitments, exceeding the €600 million raised by its predecessor, Adelis Equity Partners Fund II.

Founded in 2012, Adelis Equity Partners is a Stockholm-headquartered private equity firm that specialises in lower mid-market investments in life sciences, healthcare, consumer goods, business services, industrial and technology companies across the Nordic region.

The fund will invest across Western Europe, specialising in the business services sector. Investors to the vehicle include pension funds, life insurers, foundations and endowments in Europe and North America.