Denmark's largest PE firm exceeds expectations for Nordic-focused fund

The Danish private equity firm’s seventh fund has a clear Nordic mandate. The fund has been oversubscribed by both existing and new investors.

Christian Schmidt-Jacobsen, Managing Partner at Axcel. | Photo: PR

by OLE ANDERSEN

With a target of raising EUR 1bn in its seventh fund, Denmark’s largest private equity group, Axcel, has beaten its expectations by approximately EUR 300m and closes its largest fund to date with a total of EUR 1.3bn (DKK 9.7bn), the company announced in a press release on Wednesday.

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Front page now

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The list of money managers axing oil stocks just got longer

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Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

World's best EMD team still waiting for clients to return to Danske AM

Eight Nordic managers move up in global top 500 ranking

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Sampension and utility firm join forces to invest in solar plant