Currently, there are 197 private equity firms headquartered in the Nordic region, 79 of which are based in Sweden, 46 in Finland, 36 in Norway, 29 in Denmark, six in Iceland and one in Greenland. Collectively, these fund managers have raised over €505bn in aggregate capital in the past 10 years and have an estimated €147bn in available dry powder.
Of these Nordic-based private equity firms, 65 fund managers would consider a buyout investment strategy as part of their overall investment outlook, and 130 fund managers would consider a venture capital strategy. The top five Nordic-based fund managers, with regards to total capital raised over the last 10 years, are EQT Partners, Nordic Capital, Altor, HitecVision and Herkules Capital.
EQT Partners is a private equity firm, headquartered in Stockholm, that invests globally in medium to large-sized companies with a strong market position in the Nordic, Europe, North America and Asia regions. EQT pursues buyout, growth and mezzanine investment strategies and typical equity investment size ranges between €100mn and €600mn. The firm has raised over €13bn in private equity capital in the past decade and has an estimated €4bn in dry powder.
Nordic Capital invests primarily in the Nordic region and Germany, while also considering healthcare companies across the world. The firm has a buyout investment approach investing in medium- to large-sized companies, with opportunities for international growth and operational improvements. Nordic Capital has raised €9.4bn over the last decade and has an estimated €2bn in dry powder.
Altor is a Sweden-based private equity firm that invests in companies in the mid-market segment of the Nordic region, with annual revenues of between €50mn and €500mn. The firm has offices in Stockholm, Oslo, Copenhagen, Jersey and Helsinki, and focuses on a buyout and growth strategy investing in diverse industries. The firm has raised €3.8bn over the last 10 years and has €770mn in estimated dry powder.