Acanthus Advisers is pleased to inform that Polaris Private Equity reached a very successful final closing of its third private equity fund at €365 million, breaking the €350 million target. This achievement is particularly relevant because: - The fundraising was launched in the autumn of 2008 on the eve of the Lehman crash
- The number of investors has more than doubled and includes prestigious names from Denmark, Finland, France, Netherlands, Switzerland and the UK
- International investors now account for nearly 40% of the fund, against a purely Danish investor base in Fund II.
This success is an endorsement of Polaris’s regional buy-and-build strategy focused on small and medium sized businesses based in Denmark and Sweden.
Polaris’s previous funds are Polaris Fund I (€188 million, vintage 1999, now fully invested and divested) and Polaris Fund II (€270 million, 2005 vintage, fully invested).