A total of 19 institutional investors have joined CapMan Buyout VIII fund at the first closing. CapMan’s own commitment into the fund is 10% of the total commitments i.e. approx. EUR 31 million.
”We are very pleased that a wide group of key institutions in all Nordic countries has once again decided to participate in our fund. To our delight the group also includes new investors from Western Europe and the United States,” says Partner Jerome Bouix, responsible for fundraising and investor relations at CapMan.
The new fund raises the cumulative capital under management in CapMan funds to approx. EUR 2.2 billion. Of this, EUR 1.7 billion is allocated for direct investments in portfolio companies in the Nordic countries and the remainder for real estate investments in Finland. The management fee of CapMan Buyout VIII fund is in accordance with common practice in the industry. In connection with the establishment of the fund, the Board of Directors of CapMan Plc decided that 30% of CapMan Buyout VIII fund’s possible carried interest will be distributed to the members of the investment team responsible for the fund’s investment activities during its life cycle. A new fund typically starts to generate carried interest after 5 to 7 years, provided that the investors have regained their investment and an 8% preferred annual return.
For further information please contact:
Heikki Westerlund, CEO, tel. +358 9 6155 8304 or +358 50 559 6580
Jerome Bouix, Partner, Fundraising & IR, tel. +358 9 6155 8358 or +358 40 820 8541