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Laxman Pai, Opalesque Asia:

Northern European investment advisory firm FSN Capital Partners has held the final closing of FSN Capital VI at €1.8bn ($2.14bn). The fund was oversubscribed and closed above its original hard cap.

With the new fund, FSN has grown significantly since FSN Capital V closed in 2016 at €985m.

"Fund VI will continue FSN's proven investment strategy of targeting control buyout investments of mid-sized companies operating in Northern Europe," said a press release from FSN Capital Partners which is acting exclusively on behalf of the FSN Capital funds with €3.1 billion under management.

Fund VI builds upon FSN's strong and supportive existing investor base whilst also attracting a substantial number of new investors from around the globe, it said.

"Despite the challenging backdrop of an unprecedented global pandemic, FSN quickly adapted to the virtual fundraising environment, and a considerable proportion of investors completed a fully virtual diligence process. Significant local endorsement by leading Nordic and DACH investors was matched with 61 percent of commitments from investors outside these home markets," the release said.

Stemming from FSN's ethos of being "decent people, delivering decent returns in a decent way", FSN seeks to partner with entrepreneurs and management teams based on a shared vision and foundation of trust built through transparency and humility.

FSN has maintained a strong focus on ESG since its inception. ......................

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