Summa Equity closes its Fund II with SEK 6.5 billion to invest.
Summa Equity, a Stockholm, Sweden-based private equity fund, announced that it has raised further capital.
The company closed Summa Equity Fund II at hard cap with investor commitments of SEK 6.5 billion ($700M).
With Fund I and II, Summa Equity now manages aggregated capital commitments of SEK 11 billion.
Summa Equity, led by managing partner Reynir Indahl, was founded in 2016 and it announced Fund I, closed with commitments of SEK 4.7 billion. Fund II will focus on investments that can outperform and are driven by tailwind from megatrends such as ageing demographics, movement of people, resource scarcity, population growth, climate change and technology disruption. Investments are made in companies that solve global challenges, within three investment themes: Resource Efficiency, Changing Demographics and Tech-enabled Business.