| Sverica International Closes Third Private Equity Fund |
| Wednesday, April 29, 2009 5:04:00 AM PDT | PrivateEquityI Staff |
Boston and San Francisco -- Growth oriented private equity fund family Sverica International announced that it has closed its third private equity fund at $265 million.
The firm said it would focus on lower middle market companies and originally targeted $250 million for the fund.
K. Gunnar Bjorklund, Managing Director and co-founder of Sverica, said, “We are pleased by the strong support from our existing investors and are excited to add new high quality investors to our third fund. The successful fundraising in a difficult environment further validates Sverica’s strategy of partnering with entrepreneurs at the lower end of the middle market and providing the operational and strategic tools to accelerate growth and increase profitability. We will continue to harness the expertise and entrepreneurial drive of Sverica's professionals by taking an active advisory role in the future of acquired companies.” |
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