Nordic Capital has successfully closed its Nordic Capital Evolution II fund at a hard cap of €2 billion, significantly surpassing its €1.4 billion target within four months. The fund, 65% larger than its predecessor, attracted a diverse global investor base, with over 100% re-up rate from existing investors. It will focus on control buyouts and growth opportunities in Northern Europe, primarily targeting mid-market companies in sectors like Healthcare and Technology. Committed to sustainability, Evolution II aligns with Nordic Capital’s strong ESG principles. The fundraising was facilitated by Rede Partners, with Kirkland & Ellis as legal counsel.