Fundraising

Cove Hill has built a small but loyal group of LPs, mostly family offices, foundations and endowments, helping it to avoid the fundraising slog.

Truelink Capital I's LPs include pension plans, foundations, insurance companies, financial institutions, family offices and consultants.

Clean Growth VI's investors include pension plans, foundations, wealth management platforms and family offices from across the United States, Canada, Brazil, Singapore and the UK/Europe.

Fund III will invest in the aerospace and defense supply chain.

Fund II closed at its hard cap several months after launching.

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.

Fund IV's LPs include U.S. insurance companies, public pension plans, and family offices.

The firm's previous fund closed in late 2021 at over $1.1 billion.

The fund is expected to reach its hard-cap within six months of a first close, held in May, sources told Buyouts, indicating that a final close should take place before year’s end.

Norwest Equity Partners XI will focus on middle-market buyouts.