Headquartered in Helsinki, CapMan has interests in buyouts, technology, science, Russia, public markets and real estate.
So far 11 institutional investors from the Nordic countries have made commitments to the latest fund. CapMan’s own commitment is €13m. Fundraising began in September 2008.
Senior partner at Capman, Jerome Bouix said: “The fundraising climate is currently extremely tough. We’re pleased that many of our existing investors have been able to join this closing despite the market turbulence.”
The establishment of the latest fund raises CapMan capital under management to approx €3.4bn. Its latest fund will invest in mid market buyout transactions in the Nordic countries and the establishment of the fund will have no impact on CapMan’s result for 2008.
CapMan’s previous fund, CapMan Buyout VIII closed in June 2006 on €440m, exceeding its original target of €375m. As with its Buyout XI, the vehicle made investments in middle market buyout transactions in the Nordic region.