Nordic Capital launches €500m impact fund – here’s what they’re looking for

Elin Ljung, head of sustainability and communications at Nordic Capital.
3 dec. 2025
10:28
Elin Ljung, head of sustainability and communications at Nordic Capital.
Nordic Capital is half way towards its €500m Article 9 impact fund. Here’s what they’re looking to invest in.

Nordic Capital is raising a new Article 9 climate fund, Elevate, targeting €500mn, in what would be one of the larger dedicated impact vehicles in the region. The fund is designed to sit alongside the firm’s flagship Fund XII, which is seeking up to €10bn.

Elevate has secured €250mn at first close and is now pursuing the remainder, Bloomberg reported.

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