The Nordic listed fund of funds has committed SEK 65mn to Valedo Partners, which will target mid-sized Nordic businesses making growth capital investments. This is its second commitment with the fund manager, following its investment in Valedo Partners’ debut fund. This is the second fund commitment made by NAXS in 2011 - it follows a EUR 7.25mn commitment to Intera Fund II in April, a mid-market buyout fund with a primary focus on Finnish businesses- having not made any fund commitments since 2008.
As of June 2011, NAXS Nordic Access Buyout Fund’s net asset value stood at SEK 581mn, growing 1.57% from SEK 572mn in December 2010. As of June 2011, the book value of its fund commitments stood at SEK 361mn, whilst the value of its unfunded commitments stood at SEK 270mn.
NAXS Nordic Access Buyout Fund investment strategy is focused solely on Nordic buyout funds with diversification sought by underlying fund size and fund vintage. It will seek to achieve this either through primary or secondary fund investments, and will look to maintain a relationship with between 7-10 fund managers. It currently has eight fund commitments in total with six different fund managers.