Sponsor Capital announced Sponsor Fund V Ky, closed at EUR 202 million.
Sponsor Capital, a Helsinki, Finland-based private equity investor, announced its fifth fund, Sponsor Fund V Ky.
The fund held its first and final close at EUR 202 million.
Together with the Sponsor Capital’s partners’ co-investment, the collective investment capacity of the fund and the partners is 216 million euros.
The fundraising was made during the spring and early summer. of 2020, with a strong demand especially from existing investors of Sponsor Capital’s prior funds. Over 80% of the fund’s commitments come from existing Sponsor Capital fund investors, and nearly 50% from investors who have invested in all of Sponsor Capital’s funds since 1997.
The fund’s investor base consists of both Finnish and international institutional investors. The investment activities of the fund will start by Q1/2021.
The new fund will continue to follow the successful strategy of Sponsor Capital’s prior funds and will focus on building significant growth in successful small and medium-sized Finnish companies.
Sponsor Capital backs companies with a committed management, an established market position, positive and foreseeable cash flows, and a strong potential for growth and development. Typically, the turnover of target companies at the time of investment is 15 to 150 million euros and usual investment situations are the boosting of company growth and internationalisation, business restructurings, corporate spin-off situations, and generation shifts in family businesses.