CapMan is seeking €80m for a new growth fund.

The firm will take minority stakes in unlisted companies of €1m and above. It hopes to close the fundraising by the end of the year.

CapMan has also appointed Antti Kummu as a partner in its growth team. Kummu was previously chief financial officer at Touhula Varhaiskasvatus, a Finnish childcare centre business in CapMan’s growth portfolio.

Before that Kummu was M&A director at elderly daycare business Coronary Hoitoketju. He has held a number of senior positions in other Finnish businesses, including Finnish Industry Investments.