March 5, 2019 - Assignment

Altor closes its fifth fund

Altor has closed its fifth fund, Altor Fund V, at its target size and hard cap of EUR 2.5 billion.

Altor Fund V, as its predecessor fund Altor Fund IV, is based in Sweden and uses a Swedish corporate structure where the investors will invest in the fund by way of principal-linked participating debentures. The investor base consists mainly of US university endowments, charitable foundations, insurance companies and pension funds. Nordic and DACH investors (Austria, Germany and Switzerland) represent 32% of total commitments, with the remaining capital being committed by investors mainly from the US, elsewhere in Europe and the Middle East.

Since inception, the family of Altor funds has raised some EUR 8.3 billion in total commitments. The funds have invested in excess of EUR 4.2 billion in approximately 60 companies.

Mannheimer Swartling has been part of the team of advisors advising Altor in connection with the structuring and establishment of Altor Fund V.