Altor closes its sixth fund

Mannheimer Swartling has acted as legal counsel advising Altor in connection with the structuring and establishment of Altor Fund VI, which has closed at its hard cap of EUR 3 billion

Since inception, Altor funds have raised more than EUR 11 billion in total commitments. The funds that Altor manage have invested in almost 100 companies, focusing on medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Altor Fund VI, being the largest fund raised by Altor to date, qualifies as an Article 8 fund and will invest in companies promoting environmental or social characteristics. The fund is backed by a strong investor base of pension funds, insurance companies, foundations and family offices.

Altor Fund VI, as Altor Fund IV and Altor Fund V, is based in Sweden and uses a Swedish AB structure where the investors invest in the fund by way of principal-linked participating debentures.