– Norvestor closed Norvestor X SCSp (Fund X) at its hard cap of €2 billion, exceeding the €1.8 billion target and achieving a final close just three months after launch.
– Fund X continues Norvestor’s long-standing strategy of partnering with high-quality Nordic mid-market companies and helping them become regional champions.
– Norvestor brings more than 30 years of experience in the Nordic region, having completed 101 platform investments and over 750 add-on acquisitions to date.
– The Fund will focus on resilient, growing companies that are well-positioned to benefit from regional market trends and competitive advantages.
– Fund X attracted strong support from both existing and new institutional investors, demonstrating confidence in Norvestor’s strategy, team, and value-creation capabilities.
– Investors include a diverse group of global institutions such as endowments, foundations, government agencies, insurance companies, pension funds, and family offices.
– Over the last 12 months, Norvestor-advised funds completed:
7 platform investments
148 add-on acquisitions
8 divestments
– The fundraising was completed in a challenging market environment and achieved a re-up rate of more than 100% from existing investors.
– Rebecca Farr, Head of Investor Relations & Fundraising, highlighted the strong support from existing investors and welcomed a number of new investors to the Norvestor platform.
– Lars Grinde, Managing Partner, emphasized that Fund X will continue Norvestor’s strategy of backing outstanding management teams, accelerating growth, improving operations, and creating sustainable long-term value.
