European fund manager Verdane announces second Idun Fund – focus on decarbonisation
European fund manager Verdane, which manages around 15 private equity funds, has announced its second fund in the Idun family. The announcement concerns the final closing of the fund at a size of EUR 700 million, with investors including Nysnø Climate Investments, MN, Carbon Equity, and Tesi. The new fund promotes a clean transition by investing in innovations that reduce carbon dependency.
“In addition to promoting a clean transition, Verdane’s Idun family is a pioneer in impact measurement. The fund also makes larger growth investments in its segment than Finnish private equity investors. Furthermore, Verdane’s Finland team has grown, and as an international manager, it has been active in the Finnish market as well. The latest Idun fund thus brings significant new capital and expertise to the reach of Finnish clean transition growth companies,” comments Samuel Wendelin, Investment Manager at Tesi’s Fund Investments team.
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Additional information:
Samuel Wendelin, Investment Manager, Fund Investments
samuel.wendelin@tesi.fi
+358 50 512 5656
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. tesi.fi | X (Twitter) | LinkedIn | Instagram | Bluesky | Threads | Newsletter