Sweden’s Private Equity Firm Altor Closes $2.8 Billion Fund

Altor Fund Managers has raised 2.5 billion euros ($2.83 billion) for a new fund that will target private and listed medium-sized growth companies in the Nordics, Switzerland, Austria and Germany.

That’s according to Harald Mix, partner and founder of the Swedish private equity firm, which now has a total of 8.4 billion euros ($9.52 billion) in committed capital to manage. Altor will invest the new funds in mid-sized companies in various sectors.

“We intend to invest like we have done historically, but we are expanding geographically to German speaking countries,” Mix said in a phone interview on Thursday. “We ...