Priveq Investment, a leading Nordic lower mid-market growth investor, held a first and final close of its fifth fund, Priveq V, at SEK 2.3bn. The fund had strong backing from existing investors and significant interest from European and North American institutional investors.
The fund’s investor base consists of a diversified group of Nordic and international investors including public and private pension funds, insurance companies, family offices, foundations, endowments, government institutions and fund of funds.
“We are very pleased with the continued support from our existing investors and by the strong interest expressed by new investors. This allows our team to continue executing the investment strategy successfully and consistently implemented by Priveq: actively developing entrepreneur-led Nordic SMEs via growth acceleration, operational improvements and institutionalisation” says Louise Nilsson, Managing Partner.
Athos Partners acted as exclusive placement advisor to Priveq on the fundraising. Vinge and Proskauer acted as legal advisers.
Priveq Investment has been investing in the Nordic lower mid-market for more than three decades. Its investment strategy consists of creating long-term value in growing companies via active ownership. Since inception, Priveq has supported 115 companies, out of which 24 have been listed. The current portfolio consists of 13 companies with aggregated sales exceeding SEK 6 billion and employs over 1,700 individuals. For more information, visit www.priveq.se.