Herkules Rounds Up $884M For Fund III

Nov 19 2008 | 2:17pm 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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...