Verdane’s Strategic Investments in Digital Transformation and Decarbonization: Edda III Fund Successfully Closes at €1.1 Billion

Norwegian private equity firm Verdane has achieved a significant milestone with the final close of its latest fund, Edda III, at €1.1 billion. This impressive figure more than doubles the size of its predecessor fund and surpasses the firm's target size by a substantial margin. Combined with the Freya XI fund announced last September, Verdane has successfully raised a total of €2.2 billion in the past six months.

Edda III represents Verdane's commitment to investing in European companies operating in sectors such as digitalization and decarbonization of the economy. Frida Einarson, Partner and Head of Investor Relations at Verdane, attributes this achievement to the firm's strong relationships with investors and its proven track record of delivering robust financial returns. She emphasizes Verdane's thematic focus and value creation strategy as key drivers of success.

Over the past year, Verdane has backed 19 European businesses in alignment with its investment thesis. These investments have contributed to job creation, with portfolio companies like EasyPark Group alone generating over 13,300 jobs. This aligns with the World Economic Forum's projection that a significant portion of new economic value in the next decade will stem from digital initiatives.

Verdane distinguishes itself with a flexible investment mandate, offering equity tickets ranging from €20 million to over €150 million. The firm can take on majority or minority positions and provide liquidity to owners of unlisted portfolios, showcasing its adaptability in diverse investment scenarios.

The investor base for Edda III comprises private and public pension funds, university endowments, foundations, insurance companies, and family offices. Notably, 25% of commitments originate from the US, underscoring Verdane's growing global appeal.

Bjarne Kveim Lie, Co-founder and Managing Partner of Verdane, reflects on the firm's two-decade journey and its position as a leader in European mid-market growth investing. He emphasizes Verdane's commitment to long-term growth trends, partnership approach, and extensive thematic expertise. Lie expresses gratitude for the continued trust of investors and reaffirms Verdane's dedication to delivering exceptional results.

Verdane's successful fundraise for Edda III not only underscores investor confidence but also highlights the firm's pivotal role in driving digital and sustainable growth across Europe. As it enters a new chapter of investment, Verdane remains steadfast in its mission to support ambitious companies and create lasting value in the evolving economic landscape.