Cubera Private Equity

NORDIC SECONDARY SPECIALIST

Nordic secondary fund Cubera VIII significantly oversubscribed in first and final close

Cubera has completed the first and final close for Cubera VIII at the fund’s hard cap of EUR 405 million. Strong backing from prime, international institutions across Europe, the US and the Middle East is positioning Cubera to maintain its lead in the Nordic secondary market.

Cubera is a specialist in secondary acquisitions of shares in Nordic buyout funds. Over the last 10 years, the firm has acquired a large number of interests in a wide range of such funds, through a variety of transactions ranging from simple acquisitions to complex structures and full restructuring of tail-end funds.

With its pure Nordic approach, Cubera follows a focused strategy. Through continuous monitoring and its extensive network, Cubera has been able to reduce the risk premium and be competitive when acquiring certain assets, but also to avoid poor investments.

“Our leading position in the Nordic secondary market has made Cubera the first choice for both local and international investors searching for liquidity or rebalancing their Nordic private equity portfolios”, says Jorgen Kjaernes, Managing Partner of Cubera. “They appreciate that our special position allows us to pay the right price, and to transact efficiently and most often on a fully discretionary basis. Less than 10% of our completed transactions have involved an intermediary.”

Cubera VIII provides Cubera with a total investment capacity exceeding EUR 500 million. Together with established co-investment arrangements, Cubera will consider all the opportunities expected to arise in the Nordic secondary market over the coming years.

“Our firm is built on long-term relationships. It is important to bear in mind that a Private Equity fund is actually a partnership. We always strive to be true, long-term partners to our investors as well as to the private equity managers we invest with”, Kjaernes continues. “This is the foundation for our strong market position and our ability to have nearly doubled the fund size compared with our previous fund.”

For more information, please contact Kine Burøy-Olsen, Partner, +47 917 39 693, kine@cubera.no

About Cubera

Cubera is an investment firm specializing in the Nordic private equity market and is the leading player in the Nordic secondary market. With its local presence, Cubera utilizes its unique advantage in sourcing, evaluating and completing secondary transactions in Nordic buyout funds. The partners have been active in the Nordic private equity market since the late 1980s and their experience includes a broad variety of private equity investing, ranging from unique fund investments and secondary transactions to direct investments and exits. Cubera operates from offices in Oslo and Stockholm and advises private equity secondary funds with total committed capital of more than EUR 800 million.

© Cubera Private Equity 2017