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Novalpina Capital Partners closes inaugural fund at $1.1 billion

Novalpina Capital Partners closed its Novalpina Capital Partners I fund at €1 billion ($1.1 billion) ahead of its initial target, according to its adviser and law firm, Macfarlanes.

Novalpina's debut fund focuses on equity and equity-related investments in middle-market companies operating in Europe.

Investors include the $74.9 billion Oregon Public Employees Retirement Fund, Salem, and the $64.5 billion Alaska Permanent Fund Corp., Juneau.

Both Novalpina and Macfarlanes declined to comment about the initial target of the fund or provide additional details.