Verdane Raises €1.1 Billion for Growth Equity Stake Purchases

Verdane Capital Advisors has raised €1.1 billion ($1.2 billion) for its latest fund, almost doubling the size of its previous vehicle.

The Norway-based growth equity firm closed Verdane Capital XI at its hard cap, with commitments from investors including private and public pension funds, university endowments and family offices, according to a statement seen by Bloomberg News. Investors in the predecessor fund, which closed at €610 million, also participated.

Verdane’s successful fundraising comes at a time when many other private equity firms are finding it harder to garner new commitments from investors, which have become pickier about where they’re parking ...