Nordic Capital raises €4.3bn

The Stockholm-based buyout firm closes its oversubscribed ninth fund.

Nordic Capital held a final close on its ninth flagship buyout fund, Nordic Capital IX, at €4.3 billion.

The oversubscribed fund, which raced past its €3.5 billion initial target and closed after just seven months on the road, will primarily target European businesses in five sectors: healthcare, technology, consumer retail, financial services and industrial goods.

Limited partner commitments in Fund IX include €150 million from the Minnesota State Board of Investment and $100 million from the Massachusetts Pension Reserves Investment Management Board.

The Stockholm-based firm’s predecessor vehicle, Nordic Capital VIII, closed on €3.5 billion in 2013.