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Categories: private equity

“We have experienced solid inflows across the board, validating the strategic investments we have made in our multi-boutique model, allowing us to respond adeptly to our clients’ evolving needs” - Jan Erik Saugestad CEO Storebrand Asset Management.

Storebrand Asset Management Q3 2024 business update

Storebrand Asset Management recognized net revenue of NOK 733 million for the third quarter of 2024, including net performance revenues. Positive inflow and strong markets contributed to an increase in AuM. In total, AuM increased to an all-time high of NOK 1 347 billion.

"The investor base for Cubera’s secondary strategy has been further institutionalized during the fundraise, with more than 50% of the capital coming from investors outside the Nordic region.”- Reidun Tysseland, Managing Parter,Cubera Private Equity.

Cubera X oversubscribed at hard cap; additions to senior team to implement further growth

On August 30th 2024, Cubera Private Equity’s latest Nordic secondaries fund - Cubera X - had its final close. The fund had a target size of EUR 700m, which was significantly exceeded. At the final close the fund was oversubscribed at the hard cap of EUR 780m of external capital, which together with the GP commitment took the total fund size to EUR 807m.

Storebrand

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