Nordica Capital is raising its tenth private equity fund with a €5 billion target, according to pension fund documents from the Massachusetts Pension Reserves Investment Management Board (MassPRIM). The Stockholm-headquartered firm expects Fund X to hit €1.5 billion more than its predecessor, Nordic Capital IX. In 2018, Fund IX closed at €4.3 billion following strong demand.
Since its inception in 1989, Nordic Capital has invested €14.5 billion in over 110 companies and exited 84 investments. The firm has eight other offices and 150 employees, according to its website.
Investors include public and private pension funds, sovereign wealth funds, financial institutions, endowments and family offices, and other institutional investors. Additionally, 80% of Nordic Capit...