Nordea Asset Management (NAM) has successfully closed NPE Co-Investment Fund I (Nordea Private Equity) after securing EUR160.5 million in committed capital.
The firm writes that the fund harnesses NAM’s extensive global investor network, having secured commitments from a wide range of stakeholders – including institutional investors, banks and private wealth entities.
Building on more than 15 years of experience in private equity investments, the firm writes that the fund capitalises on the enduring relationships fostered by NAM’s private equity team across its Nordic offices.
“Moreover, the integration of GP-led secondaries enables the fund to implement an investment strategy focused on supporting leading, cash-generative companies in attractive sectors, thereby creating value for investors and stakeholders. As an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (SFDR), it exemplifies NAM’s robust commitment to responsible investment practices.”
Anders Madsen, head of institutional & wholesale distribution, northern Europe, at Nordea Asset Management, says: “It is no secret that raising money for a first-time fund in a tough fundraising market in general is not an easy exercise. But despite this, we have experienced strong interest in our first PE co-investment vintage fund, which makes me very proud. Our ability to secure a broad and high-quality investor base is a testament to our private equity team, our differentiated investment strategy, and our long-standing relationships in the private equity space.”
Christian Vinther Ankerstjerne, head of investments, private markets, at Nordea Asset Management, adds: “We are grateful to our clients for their trust in NAM, who have recognised our track record of delivering strong and consistent returns within private equity, and we look forward to strengthening our partnership.”
