CapMan Growth establishes its third fund: first closing at €110 million, surpassing target size
The CapMan Growth Equity III fund initiates operations and makes its first closing at €110 million, surpassing its target size. The strong interest towards the fund is a testament to the successful growth stories and well-executed exits facilitated by the team. The fund is expected to reach its hard cap at €130 million by the end of April 2024.
At first closing CapMan Growth’s third fund already exceeds the size of the team’s previous fund which closed at €97 million. Since its establishment in 2017 CapMan Growth has raised over €300 million in total for growth investments.
Raising a fund larger than its predecessor in the current market environment clearly shows there is significant interest towards CapMan Growth’s investment strategy. Driving this interest is the team’s strong track-record in supporting multiple growth companies and achieving successful exits of which Picosun and Coronaria are good examples.
CapMan Growth’s strategy is to make active minority investments into entrepreneur-led growth companies, with the aim of further developing them together with the entrepreneurs and the operative management.
CapMan Growth’s investor base consists mainly of reputable Finnish institutional investors and successful Finnish entrepreneurs including several founders of CapMan Growth’s portfolio companies.
”Our investment strategy has gained a lot of interest amongst both owners of growth companies and investors. Many growth entrepreneurs seek an alternative to selling their business and we can support growth while letting entrepreneurs retain control in their company. Investors have also viewed our strategy as an interesting alternative to more traditional private equity funds. A warm thank you for the trust to all our current and new investors”, says Antti Kummu, Managing Partner at CapMan Growth.
CapMan Growth is the leading Finnish growth investor making significant minority investments in entrepreneur-led growth companies with revenues ranging between €10–200 million euros. We offer entrepreneurs an alternative to selling the majority of their business by facilitating a partial exit while also supporting growth and internationalisation. We have been part of building companies such as Coronaria, Cloud2, Digital Workforce, Fennoa, Fluido, Neural DSP, Picosun, Sofigate, Silmäasema and Unikie.
For more information:
Antti Kummu, Managing Partner, CapMan Growth, +358 50 432 4486
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and over €5 billion in assets under management. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com
