Litorina Kapital raises SEK 3bn

The Stockholm-based private equity firm has closed its latest Swedish-focused fund at its target.

Litorina Kapital has held a final close of Litorina V at its SEK 3 billion target ($328 million; €280 million). The fund will continue to pursue the same strategy as its predecessors, targeting Swedish companies valued between SEK 200 million and SEK 1 billion. Digpro, Bergfalk and Johan i Hallen are among the investments already made by the fund.

The European Investment Fund has committed capital to Litorina V alongside pension funds, asset managers, insurance companies and funds of funds based in Europe, North America and Asia.

Litorina IV previously closed at SEK 2.53 billion in October 2010.

Quest acted as the placement agent for Litorina V and Proskauer and Vinge provided legal counsel.