Trill Impact, backed by Nordea Asset Management, has raised €900m for its inaugural impact mid-market buyout fund.

Trill Impact was founded in 2019 by Jan Ståhlberg with the backing of NAM. Since the launch of the fund, four transactions have been completed all targeted investments in Northern Europe that seek to deliver private equity markets returns and measurable impact, says Trill Impact.

Backed by investors from Europe and North and South America, the limited partners’ advisory committee of the fund consists of, among others: AP4 (The Fourth Swedish National Pension Fund), AP6 (The Sixth Swedish National Pension Fund), Allianz Global Investors, New York Life Insurance Company, Lucie and André Chagnon Foundation, Velliv, Pension & Livsforsikring A/S, and Nordea Life & Pensions.

Nils Bolmstrand, CEO of Nordea Asset Management, comments: “Our longstanding mission has been to provide returns with responsibility. This is very much what drove our venture with Trill Impact, joining our respective forces to offer investors world-class private equity and ESG expertise as well as the opportunity to participate in the change they want to see in the world. We’re thrilled to see that many prominent investors have recognized the value of this partnership and believe that this inaugural success paves the way for future growth of the Trill Impact offering.”