Aztec Group has supported Nordic Capital with the fundraising and final close of Nordic Capital Fund X.
Raising €6.1bn at final close, Fund X surpassed Nordic Capital's Fund IX in 2018 – also supported by Aztec – which raised €4.3bn.
Fund X, launched in April, was oversubscribed at its hard cap, and was raised in less than six months in a remote capital-raise conducted without any face-to-face meetings.
Fund X will continue Nordic Capital’s strategy of focusing on majority investments in non-cyclical growth companies in healthcare, technology and the payments and financial services sector.
Nordic Capital has invested some €15bn in more than 110 companies since its inception in 1989, raising over nine funds in that period.
In addition to supporting Nordic Capital with the establishment of Fund X, Aztec has been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund from its offices in Jersey, Luxembourg and the UK.