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Frankfurt-based private equity firm Nordic Capital said on Friday it has raised €3.5 billion

(Credit: Nordic Capital) This image file contains the company logo of Frankfurt, Germany-based private equity firm Nordic Capital.Nordic Capital
December 20
5:51 PM 2013

Private equity group Nordic Capital has secured €3.5 billion ($4.8 billion) for its eight buyout fund, the company said on Friday. Decreased volatility in Europe encourages investors to take interest in the region again, wrote Reuters.

Nordic Capital said its latest fund would focus on mid-market enterprises across Europe and the Nordic Region. The firm said it will give emphasis on the healthcare industry. Almost two-thirds of the raised funding was provided by investors in the firm's previous funds, the report detailed.

According to Nordic, over half of the commitments came from sovereign wealth funds and public pension funds. Investors also included financial institutions, private pension funds, endowments, and family offices. The company said it had attracted substantial interest from fresh investors in Asia, the US, and the Middle East, the report said.

Kristoffer Melinder, co-managing partner at Nordic Capital adviser NC Advisory AB, commented: "We are quite hopeful, as we leave 2013 and go into 2014, in terms of our deal flow. We are seeing sellers being much more receptive to dialogue."

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