MVI Advisors (“MVI”) is pleased to announce the final close of its most recent fund, MVI Fund III (“the Fund” or “Fund III”), at its SEK 2 billion hard cap. The Fund was oversubscribed at the hard cap after five months of fundraising and achieved a c. 84% increase in fund size relative to its predecessor, despite the challenging fundraising environment.
Fund III received broad renewed support from prior fund investors, demonstrating their continued trust in MVI and its strategy. MVI was equally pleased to welcome several new investors to the Fund, with the investor base comprising a diversified mix of international blue-chip institutional investors as well as local family offices and entrepreneurs.
In this fundraise, MVI broadened its institutional investor base with new Limited Partners from the European Union and the United States. Among these, MVI is pleased to welcome the well-renowned investors Ingka Investment and Saga Private Equity as new limited partners to the Fund.
The significant increase in commitments and speed of fundraising are testament to MVI’s differentiated strategy and history of delivering strong returns to its investors. Through 2024, MVI showcased its all-weather strategy by completing 1 platform investment, 20 add-on investments, and two exits.
Fund III has already completed its first platform investment, creating a Nordic environmental and sustainability platform through the partnership with Ametalis and the acquisitions of Envima, Westberg Vibrations- och Omgivningskontroll, and Natur og Samfunn.
Oppenheimer & Co.’s Global Fund Placement & Advisory Group acted as exclusive global fundraising advisor and Wigge & Partners acted as legal advisors to MVI in connection with the establishment of the Fund.
Stefan Karlsson (Partner and Founder) said: We are pleased to have garnered such strong interest in the Fund over a relatively short period of time. For our third fund we will continue to apply our refined strategy to the Nordic setting, capitalizing on success stories and learnings from Fund I and II.
Daniel Nilsson (Partner and Founder) said: We want to thank our loyal investor base while expressing a warm welcome to all new Limited Partners. The success of prior funds resides in a strong growth focus throughout the portfolio, creating the next generation of Nordic companies. For Fund III, we will continue employing this strategy as we strive to build upon our successful legacy.
About MVI:
MVI has been led by Stefan Karlsson and Daniel Nilsson since 2011 during which time they have been focused on making value-oriented control equity investments in founder-led, mission-critical, asset-light Nordic companies with strong buy-and-build potential. Under their stewardship, MVI has raised three institutional funds and made 19 platform investments, including five platform investments prior to the raising of Fund I.
