Charles Avery

The Nordic PE firm, which was among the first private markets managers to embrace ESG, has raised €588m to acquire two assets from its fifth flagship fund.

Secondaries investors – such as Kline Hill Partners and North Sky Capital – can make primary fund commitments for a number of reasons.

Uncertainty about the use of proceeds poses an issue for NAV lenders looking to manage ESG risks.

Quilvest Capital Partners and Unigestion led the transaction, which is believed to be the first Article 9 continuation vehicle.

Joe Carrabes has joined the investment firm as it seeks capital for at least two real assets strategies.

The firm has picked Valentina Abbott to help it gather more capital for its sustainable investment strategies.