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Segulah closes fourth Nordic mid-market fund on SEK5bn25/10/2007. Source: AltAssets. 
 Stockholm-based lower mid-market buy-out firm Segulah has closed its fourth Nordic mid-market fund, Segulah IV, on SEK5bn ($778m), the hard cap of the fund. This was a first and final closing.
The firm said that all of its existing investors re-invested in the new fund. They were joined by 16 new investors, including pension and insurance companies, endowments and foundations from countries such as Australia, Japan and the US.
The general partner, the team and associated vehicles have made a commitment to the fund.
Segulah IV was capped to ensure a continuation of the firm's lower mid-market strategy, according to a statement. The firm will continue to make control investments in companies with revenues up to SEK4bn and enterprise values up to SEK3bn, with investment due to commence in early 2008.
Segulah's previous funds include the SEK200m Segulah I, the SEK850m Segulah II and the SEK2.35bn Segulah III.
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