News & Analysis

In brief: CPP backs Summa’s third fund

Summa has recently become a B-Corporation and is expanding its horizons beyond its Nordic roots.

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CPP Investments, the world’s largest investor in private equity according to affiliate title Private Equity International‘s Global Investor 100, has committed €50 million to Summa Equity’s latest fund, the pension reported. Summa is raising Fund III, having closed its second fund on Skr6.50 billion ($740 million; €650 million) in 2018.

Summa is a Northern European private markets firm that could be described as a ‘native’ of private markets sustainability, having been established in 2016 to invest in UN Sustainable Development Goals-aligned investments that fit within three broad themes: resource efficiency, changing demographics and tech-enabled businesses. It recently became a B-Corporation and is expanding its investment horizons beyond its Nordic roots.