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Fundraising
The firm has held a final close on its seventh fund, Auda Capital VII, which specialises in primary and secondaries investments in the US and Europe.
The firm has raised DKr 1 billion from local pension giants ATP and PFA for a new fund.
Thoma Bravo will pay around C$1.6 billion for the Canadian auto marketplace.
The Scandinavian direct secondaries firm could have raised double the amount of capital it closed on, according to managing partner Bjarne Lie.
The firm said it stretched its hard-cap to €2.1bn to accommodate investor demand.
Depressed exit activity could be exacerbated by the industry’s reliance on secondary sales, the industry body says.
The VC firm is targeting $1bn for its third digital growth fund and $400m for its 17th early-stage fund.
The €7bn Sixth Fund attracted strong support from public pensions, while funds of funds and sovereign wealth funds dialled back their commitments.
Origami Opportunities Fund III had significant LP demand exceeding its $400m target but had to meet a hard deadline for the final close.
The Canadian mid-market private equity firm’s latest fund closed on its hard-cap.