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Nordic XI fund closes record round of financing

Published on
17 November 2022
Amended on
28/3/2024
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The Nordic XI fund ranks second in Europe with €9 billion raised, 45% more than Nordic X. Its re-commitment rate is close to 100%. Private Equity fundraising in 2022 will reach $527.9 billion, down 14% but still among the highest ever recorded.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

The Nordic XI fund (part of Vintage Altaroc 2021) ranks second in Europe behind Saturn 3, with €9 billion raised, 45% more than its predecessor(€6.1 billion raised in October 2020 by Nordic X), and stands out for its 100% re-commitment rate among Nordic's historic investors.

Against an uncertain and volatile macroeconomic backdrop, Private Equity fundraising in the first nine months of 2022 was the second-highest on record, with at least $527.9 billion raised by Private Equity vehicles, according to data from Private Equity International magazine. This amount, down 14% on the same period last year, nevertheless exceeds the previous records set in 2019 and 2017.

Europe accounts for around $112.4 billion of the capital raised since the beginning of the year, behind funds specializing inNorth America($478.5 billion ), multi-regional funds($365.7 billion) and funds focusing onAsia-Pacific($129.5 billion ).

Find out more : Nordic Capital is a pioneering Private Equity management company in the Nordic countries. Nordic invests in LBOs of fast-growing companies based on a strategy of in-depth sector specialization, focusing on the Healthcare, Tech & Payments and Services verticals. Its target geographies areNorthern Europe andNorth America.

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