Reuters – Nordic Capital Holds $2.25B First Close For Latest Fund
Nordic Capital has raised 1.7 billion euros ($2.25 billion)($2.25 billion) in the first close of its latest fund, Reuters reported. 'First close' means a private equity firm has asked clients to release money they promised so that it can start investing, while still looking to increase the size of the fund. Nordic Capital, which specializes in investing in companies in the Nordic region and German-speaking countries, began marketing its eighth fund last April and expects to hit its 3 billion euro target by the summer, Reuters wrote Friday.
22 February 2013•2 mins read
