LONDON, April 14, 2026 – Proskauer has advised Alder, a leading Nordic investor focusing on sustainable technology companies, on the formation and closing of a multi-asset continuation fund Alder Strategic Opportunities Fund I (“ASOF”), which closed with total commitments in excess of SEK 2.7 billion.

The transaction saw the continuation fund purchase two portfolio companies from Alder’s second fund, Alder II AB: SMG, a pan-European provider of gas detection and monitoring solutions and SI, a Nordic specialist in building management systems and energy optimization solutions. The transaction was fully capitalized by a group of new and existing investors with Pantheon Ventures acting as the lead investor. ASOF is one of a select number of continuation funds categorized as an Article 9 fund.

The transaction marks a successful realization for Alder II AB and its investors, while providing SI and SMG with a stable and long-term ownership structure to support their next phase of development.

The Proskauer team was led by partners Nick Rose (Private Funds) and Matt Clift (Private Equity M&A). The team also included associates Giulia Brunello and Margherita Cusimano (Private Funds); partner Rob Day, associates Katie Bunce and Jake Fuller (Private Equity M&A); partners Mary Kuusisto and Frazer Money and associates Charlotte Ahamed and Gawa (Jiahua) Zeng (Tax); partners John Verwey and Nathan Schuur, special counsel Rachel Lowe, and associates Sulaiman Malik and Sasha Burger (Regulatory); and partner Mary Wilks and associate Calum Paton (Antitrust).

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