Nordic Capital closed its latest buyout fund Nordic Capital Fund X at €6.1 billion ($7.2 billion), ahead of its €5 billion target, a spokeswoman said.
The fund was launched in April and is the largest raised by the firm in its history. Assets will be invested across Europe in health-care, technology and financial-services businesses.
About 49% of investors were pension funds, the firm said in a news release Thursday. Some 38% of investors were based in North America, 27% in Europe, 17% in Asia, 15% in the Middle East and 3% were based in the rest of the world.
Investors include the $31 billion South Carolina Retirement System, Columbia; the $145.4 billion Washington State Investment Board, Olympia; and the $71.1 billion Minnesota State Board of Investment, St. Paul.
Predecessor fund Nordic Capital Fund IX closed at €4.3 billion in 2018.