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21 Sept 2007

Amanda Invests $7 Million In Finnish Fund

Hedge Fund Amanda Capital Plc announced today in a press release that they have invested five million euros ($7 million) in a Finnish private equity fund, the MB Equity Fund IV.

Equity Fund IV will continue MB Funds' earlier investment strategy by investing in medium-sized companies in Nordic countries.

The Amanda Group is a private equity investment company. Its parent company (Amanda Capital Plc is the first publicly listed private equity fund-of-funds in Scandinavia. The parent company has investments in 24 different private equity funds and in four funds of funds managed by Amanda.

Amanda Group is one of Finland's largest private equity fund investment management companies. The Group manages several private equity fund portfolios under consultancy agreements. It manages also five private equity funds of funds, which have several domestic and international investors.

Amanda Group currently has more than EUR 1.5 billion ($2.1 billion) in assets under management (original
investment commitments) and has made investments in more than 100 private equity funds in Europe, the United States, Asia and Russia.

1 comment:

Anonymous said...

I like the news, even know I have just read the news now, I became interested to know what the thing called Hedge fund really means.