The London Private Investment Funds team advised Cubera Private Equity on the structuring and fundraising of its latest fund, Cubera X. Cubera X closed at its hard cap of €780 million in external capital and a total fund size of €807 million, forming the largest ever Nordic secondaries fund.
Cubera X received backing from a range of leading European and US investors (predominantly pension funds, endowment funds and family offices) and intends to invest in other Nordic private equity funds.
The successful fundraising of Cubera X continues the longstanding relationship between Cubera Private Equity and Goodwin’s Private Investment Funds team, who advised on Cubera’s Funds VII, VIII, IX and also provided advice in relation to Cubera’s merger with Storebrand’s private equity operation in 2019.
Goodwin’s European team was led by Ed Hall and Hamel Patel, working with Laura Charkin, Katy Webb, Niresh Sri Rajkumar and Matthew Rees. The European team were supported by the firm’s global network of specialist lawyers including U.S. Regulatory and Tax.
For additional details on the offering, please read the press release.