Oslo-based private equity firm Cubera has made a final close of its latest Nordic secondaries fund – Cubera X – at €780m of external capital, well above the fund’s initial target size of €700m.
Together with the GP’s own commitment this took the total fund size to €807m.
Reidun Tysseland, managing partner of Cubera Private Equity, said: “We’re grateful that existing investors have continued to show trust in us, and proud to welcome several blue-chip institutions as new investors in Cubera X.
“The investor base for Cubera’s secondary strategy has been further institutionalized during the fundraise, with more than 50% of the capital coming from investors outside the Nordic region.”
Cubera X has already committed around a quarter of its total fund size to seven Nordic secondary transactions.
Cubera Private Equity is part of the Norwegian financial group Storebrand.
