Polaris Private Equity, a leading Nordic buyout investor, is pleased to announce the closing of Polaris Private Equity V. The Fund was oversubscribed and closed at its hard cap of €650m, exceeding its target of €550m. Including team commitments, the Fund totals €690m.

Fund V is the largest in Polaris’ history, solidifying the firm’s strategic growth whilst maintaining its investment specialization as a Nordic mid-market expert. The Fund is classed as an Article 8 vehicle under the EU’s Sustainable Finance Disclosure Regulation, promoting environmental and social characteristics.

The Firm’s previous vehicle closed on €450m in 2016.

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The Fund was raised with continued support from Polaris’ existing limited partners, as well as a group of new relationships which further diversify the investor base both by type and geography across private pension plans, sovereign wealth funds and established wealth managers.

Jan Johan Kühl, Managing Partner of Polaris, states: “We are grateful for and humbled by the ongoing support of our existing investors as well as the new investors who chose to join us on this journey. We will continue to focus on a strategy that has delivered for our limited partners since inception and look forward to continuing to build successful Nordic companies and create sustainable value for all stakeholders.”

With the conclusion of this raise, the Fund enables Polaris to maintain its long-standing regional strategy of investing primarily in directly sourced, Danish or Swedish middle-market companies.

Source: Press release

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