PRINT THIS PAGE Nordic group Segulah closes third fund on E250m22/10/2004. Source: AltAssets. 
 AB Segulah, the Nordic mid-market buy-out firm, has closed its third fund with commitments of E250m, having attracted enough interest to have been four times oversubscribed.
Gabriel Urwitz, chairman of Segulah, said: 'This is a very satisfying result. We set out at the beginning of the fundraising with the clear goal of adding a defined group of long-term international investors to the existing investor base and are delighted to have achieved this goal within a very short space of time.'
The fund was formally launched in September and closed less than two months later. Half of its new commitments came from US and Asian investors and the other half from Europeans. They included AlpInvest, BP Pension Fund, JP Morgan Fleming Asset Management, MIT, and Wilshire.
Segulah was founded in 1994. It specialises in complex lower mid-market buy-outs.
Copyright © 2004 AltAssets
|
