Nordic Capital Hits Half of Flagship Fund’s €10 Billion Target

Nordic Capital has so far amassed €5 billion ($6 billion) for its latest flagship buyout fund, reaching half of the firm’s target as it nears a first close, according to people familiar with the matter.

The private equity firm, which started fundraising for Nordic Capital XII five months ago, plans to announce a first close in early October, the people said. Nordic Capital is targeting to raise €10 billion for the fund and plans for a final close next year, according to the people, who asked not to be identified as the information is private.