Norvestor Closes Oversubscribed Flagship Fund at €2B Hard Cap

Fried Frank advised Norvestor on the fundraising and final close of Norvestor X SCSp (Fund X), which was oversubscribed at its hard cap of €2 billion, exceeding its €1.8 billion target, just three months after launch.

With more than three decades of experience in the Nordic region, Fund X continues Norvestor's successful strategy of partnering with exceptional businesses and supporting them in becoming regional champions. Fund X will also maintain Norvestor's focus on resilient, growing companies across the mid-market, backing businesses that are well-positioned to capitalize on regional advantages and trends. To date, Norvestor has completed 101 platform investments and more than 750 add-on acquisitions. For more on the close of Norvestor X, read the company's press release here.

The close of Fund X follows the successful fundraises of Nova I and Norvestor IX, which Fried Frank also advised Norvestor on in March 2025 and October 2023, respectively.

Asset management partners Kate Downey and Sam Wilson and asset management special counsel Ethan Chionh led the Fried Frank team, which included asset management associates Aoife Murphy, Josh Cooke and Rory Hamilton Coggins.

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