Kirkland & Ellis advised Nordic Capital, a leading European private equity investor, on the recently closed Nordic Capital Evolution Fund. The fund was closed at its hard cap with aggregate capital commitments of over €1.2 billion (including sponsor commitment). The fund will focus on mid-market buyouts across Northern Europe in Nordic Capital’s focus sectors of healthcare, technology and payments, and financial services. The fund was oversubscribed, with demand from investors significantly exceeding its target, and was raised in only three months.
The Kirkland team was led by investment funds partners Anand Damodaran, Andrea Renold, Alex Brodkin and Christopher Braunack and associates Aisling Campbell, Natalie Healy, Marieta Saktorova and Tom Clucas, and included tax partners David Grenker, Ian Ferreira, Justin Barbosa and Frazer Money, and associates Ashley Flor, Christine Fauroux and Felicity Blackburn, regulatory partners Lisa Cawley, Prem Mohan and Joshua Westerholm, and associates Callum Wright, Arnold Krutilins and Tim Nolan, and ERISA partner Elizabeth Dyer.