P Capital Partners closes its fifth fund at approximately EUR 1.7 billion

Mannheimer Swartling has acted as legal counsel in Sweden for P Capital Partners (PCP) in connection with establishment of PCP V which closed at approx. EUR 1.7 billion.

Since inception, PCP funds have raised more than EUR 7 billion in total commitments and invested in over 160 companies. PCP’s fifth fund continues to build on the debt investment strategy successfully executed since 2002, focusing on financing to companies in Northern Europe and DACH in need of capital for expansion, acquisitions, restructuring and refinancing as well as investments in public high-yield bonds. The fund is backed by an investor base consisting of pension funds, insurance companies, foundations and family offices.

PCP V, as PCP’s previous funds, is based in Sweden and uses a Swedish AB structure where the investors invest in the fund by way of combined principal- and profit-linked participating debentures.