Swedish Firm Launches Utilities Private Equity Fund

Dec 21 2007 | 10:40am ET

Stockholm, Sweden-based East Capital has launched a new utilities fund to invest in the utilities industry, including electricity generation, distribution and service.

The new East Capital Power Utilities Fund will target investment opportunities arising from the ongoing power sector reform in Russia, investing in both listed and unlisted companies. The reform outlines that electricity generation, sales and service companies will be privatized and markets opened. This is expected to improve the cost structure and efficiency of the Russian power sector, which is currently lagging behind Western Europe.

East Capital Explorer AB has invested US$116 million in the fund and Orkla Financial Investments will be the strategic partner in the East Capital Power Utilities Fund investing US$43 million.

Peter Elam Håkansson, Chairman and portfolio manager at East Capital said: “We have always liked the power utilities sector.  East Capital Power Utilities Fund will capitalize on the opportunities from the ongoing reform.”

Founded in 1997, East Capital specializes in Eastern European financial markets and manages some US$7.3 billion in assets, both in public and private equity.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…