Altor closes third fund on €2bn

Over 50 investors committed to the fund and approximately 95 per cent of the fund was raised from existing investors, according to the firm. Investors include Harvard Management Company, Pantheon Ventures, Skandia Liv, AlpInvest Partners, Goldman Sachs Asset Management, Länsförsäkringar Liv, SL Capital Partners, Allianz Private Equity Partners and Princeton University.

The fund will have the same investment focus as its predecessor funds, targeting the Nordic mid market. No investments have been made from this fund to date.

Harald Mix, managing partner, Altor, said, `We are extremely satisfied with the support we have received from our existing investors. We view this as a strong endorsement of our active ownership strategy and a consequence of having delivered on our promise to generate superior returns by building world class companies.'

Altor 2003 Fund closed in 2003 on €650m, while Altor Fund II closed in February 2006 on €1.15bn.

The two first funds have completed 24 investments, including Lindorff, AGR Group, ACO, Dynapac, Aalborg Industries, AGR, ByggMax, Constructor and Dustin.

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