Buyout

Despite a recent drop in deal activity and fundraising, private equity in the Nordic region has been catching the eyes of investors due to attractive returns.

The $1.53trn pension's PE portfolio has recorded an 18.08% IRR since inception, according to its latest annual report.

A larger proportion of the firm's latest flagship will go towards control investments, partners Gaurav Ahuja and Ashley Menezes tell PEI.

The fund's predecessor, PPC III, closed in 2021 at $2.7bn, was then billed as one of the market’s largest family investment vehicles.

Lower DPI ratios for LPs are playing out in the M&A market, swinging the pendulum towards buyers, co-head of Goldman Sachs Asset Management's private equity business Michael Bruun tells PEI.

The European specialist expects Japan to be its 'fastest-growing' investor base in Asia over the next 12 months, managing partner Mathieu Teisseire tells PEI.

The consumer giant is seeking $800m for a new regional flagship that will invest alongside country-focused sidecars targeting Japan and India respectively, PEI understands.

The firm has increasingly been raising capital from separate mandates and from individual investors via evergreen products.

The firm has set a €400m hard-cap for ArchiMed MED Rise, according to documents prepared by a US pension.