Finnish PE/VC News

16.05.2016 15:23

CapMan holds 100 million first close of Nordic private debt fund

CapMan Credit becomes Nest Capital and announces the €100 million first close of its new fund. Nest Capital is an independent investment partnership within the CapMan Group.

The fund will provide private debt, mainly in the form of unitranche and mezzanine, to small and medium-sized companies across the Nordic countries. The fund's private debt investments are expected to support leveraged buyouts, add-on acquisitions and expansion projects as well as refinancings and recapitalisations.

Investors in the fund include Nordic and European insurance companies, pension funds and other institutional investors as well as family offices. CapMan Plc has committed €2 million to the fund.

"The establishment of this new private debt fund is a great achievement and we see yet untapped potential in the market to develop credit products further," comments Niko Haavisto, CapMan's CFO.

"We are very pleased with the strong support from both existing and new investors and look forward to continuing to provide private debt to small and medium-sized companies in the Nordic region," comment Niklas Östborn and Felix Vilval, Partners at Nest Capital.

The Nest Capital team also advises the fully invested €95 million CapMan Mezzanine V Fund that made eight private debt investments, of which four have been successfully repaid to date.

Scala Fund Advisory advised Nest Capital on the fundraise.

For further information, please contact:
Niko Haavisto, CFO, CapMan Plc tel. +358 50 465 4125
Niklas Östborn, Partner, Nest Capital, tel. +46 702 315 751

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