Trill Impact, a midmarket buyout fund backed by Nordea Asset Management, closed with €900 million ($1.1 billion) in commitments, it said Friday.
The fund launched in 2019 and has completed four transactions so far, all in northern Europe. Its limited partners advisory committee includes AP4; AP6; Allianz Global Investors; New York Life Insurance Co.; Lucie and Andre Chagnon Foundation; Danish pension provider Velliv, Pension & Livsforsikring; and Nordea Life & Pensions, a news release said.
Trill Impact has a strategic partnership with NAM through which it works with responsible investments, global investor relations and fundraising teams in Europe and overseas markets.
Nils Bolmstrand, CEO of Nordea Asset Management, said in the news release: "Our long-standing mission has been to provide returns with responsibility. This is very much what drove our venture with Trill Impact, joining our respective forces to offer investors world-class private equity and ESG expertise as well as the opportunity to participate in the change they want to see in the world."
Trill Impact has more than €1 billion under management in private equity and microfinance investment advisory strategies. Nordea Asset Management has €274 billion in AUM.
