Altor, a private equity firm focused on mid-market opportunities in the Nordic region, has closed its third fund with EUR 2 billion in capital ommitments. Monument Group served as placement agent.
Five years after its foundation Altor has successfully held a first and final close of its third fund, Altor Fund III, at its target and hard cap of EUR 2,000 million, despite somewhat turbulent fundraising markets. Over 50 investors have committed to the fund and ~ 95 % of the fund was raised from existing investors with only a handful of new investors being invited.
Altor Fund III will have the same investment focus on Nordic mid-market investments as its predecessor funds, Altor 2003 Fund and Altor Fund II, a segment where Altor has been the leading investor since its inception in 2003. The investor base includes leading global institutions such as Harvard Management Company, Pantheon Ventures, Skandia Liv, AlpInvest Partners, Goldman Sachs Asset Management, L