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Axcel raises billions for new fund

In the midst of the corona crisis, private equity fund Axcel has raised several billion kroner for a new fund.

Axcel invests in design company Gubi. | Photo: Miriam Dalsgaard/Politiken/Ritzau Scanpix

Denmark's largest private equity fund, Axcel, has raised EUR 495 million (DKK 3.7 billion) for its seventh fund, despite the ongoing turmoil caused by covid-19, writes Finans.

"We are happy to have ended with a good first close of almost EUR 500 million after a relatively short time, which means that we have money to invest once the dust has settled and we can see what our options are," says Christian Schmidt-Jacobsen, managing partner at Axcel, to Finans.

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