Euroventures, the Swedish private equity firm, has launched its fifth fund with a fundraising target of €100m ($99m), to invest in expansion capital and buy-out deals in the Nordic region.

The firm expects a first closing by the end of the summer, and a final close at the beginning of next year. It is marketing the fund to existing investors, as well as new investors, mainly in the Nordic region, but also across Europe in Germany, Switzerland and the UK.