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Laxman Pai, Opalesque Asia: Adelis Equity Partners, a Stockholm-headquartered private equity firm, has held the final close of its oversubscribed fourth fund, Adelis Fund IV, with €1.6bn ($1.7bn) in capital commitments from external investors. Adelis' employees have committed to invest 7.7% (equivalent to EUR 116 million) for the fund.
The Fund will continue its predecessor funds' focus on growth-oriented investments in the Nordic and DACH regions, said a media release from the growth partner for well-positioned Nordic companies.
Investors in Adelis IV include leading pension funds, foundations, and fund-of-funds from Europe and North America. Seventy-five percent of the Fund's external capital came from investors in Adelis Equity Partners Fund III, who collectively increased their investment amount by 30% compared to the Fund's predecessor.
According to the release, Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has consistently been one of the most active investors in the Nordic middle market, making 45 platform investments and more than 260 add-on acquisitions.
Adelis Equity Partners Fund III raised EUR 932 million in 2021. Since its inception, the firm has raised EUR 4.25 billion of capital across four flagship funds and two continuation vehicles.
"We are grateful for the strong support from our existing investors and very pleased ...................... To view our full article Click here
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