Verdane announces Verdane Capital X, with $660M of committed capital.
Verdane Capital, an Oslo, Norway-based investment company activating in the Nordic private markets, announced closing Verdane Capital X, the largest Verdane fund to date, with 6 billion SEK of committed capital ($660M).
Verdane X will invest in Northern European companies, typically with 50-500 million SEK in revenues, active in sectors including software, consumer internet, energy technology and advanced industrial sectors. It will acquire majority or minority positions in either single companies or portfolios of companies.
The fund, closed at its 6 billion SEK hard cap in January 2019, received commitments from leading global university endowments, foundations, insurance companies, family offices, government agencies, as well as private and public pension funds from 11 countries. Over 50% of the capital comes from non-profit investors.
The fund already announced adding two investments in its portfolio, one in Momox, Germany’s leading re-commerce company, and the other in HIVE Streaming, a Swedish enterprise video distribution company