Financing of Akur finalized

12.02.2014
VÍB, wealth management division and management company IS Funds have completed the financing of Akur, a new private equity fund. Field was established last September and has been under funding recently. Shareholders are 11 pension funds, VÍS and Íslandsbanki.

Akur is controlled by IS Funds and the Managing Director is Jóhannes Hauksson and Davíð Hreiðar Stefánsson. The investment board consists of experienced persons who are independent of the bank.

The total investment capacity of Akur is 7.3 billion ISK.

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