Herkules Rounds Up $884M For Fund III

Nov 19 2008 | 1:17pm ET

Herkules Capital, the Norwegian private equity firm, has held a final close at US$884 million for its third fund, which will focus on Norway and the Nordic Region.

Herkules III's key investors include Goldman Sachs and Indiana Public Employees’ Retirement Fund.

“We are very pleased to have successfully launched the third Herkules fund with a final close of 6 billion Norwegian kroner, the largest fund ever raised in Norway,” said Gert Munthe, managing partner. “This was in excess of our target and reflects the widespread support we've had from investors both in Norway and internationally.”

Herkules was launched as Ferd Private Equity in 2002 and targets mid-market companies.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of