AMWatch

Coeli-backed hedge fund manager launches new unlisted vehicle

A new investment vehicle called Absolute Unlisted has been launched in collaboration with Coeli. The veteran manager behind it already manages two hedge funds for the company and claims to aim for a 200-percent return in five years.

Mikael Petersson is behind a new investment vehicle together with Coeli | Photo: PR

Swedish manager Coeli is backing a new investment vehicle by hedge fund manager Mikael Petersson, called Absolute Unlisted. The firm is investing its own money and is also opening the unlisted space to more investors from its network, a statement says.

The Absolute Unlisted vehicle will invest in up to ten companies in a pre-IPO phase, which means that a listing is expected to take place within two years. Nearly SEK 600m (EUR 57m) has already been raised from Coeli’s and Petersson’s network of investors in a recent fundraising, exceeding the SEK 500m (EUR 48m) goal.

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