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Nordic-Based Private Equity Fund Managers – November 2012

by Luke Goldsmith

  • 28 Nov 2012
  • PE

Preqin's Fund Manager Profiles database shows that there are 197 fund managers based in the Nordic region. These firms have raised a total of €49.6bn in aggregate capital commitments over the last 10 years, with an estimated €14.3bn in dry powder. Out of these 197 fund managers, 76 are based in Sweden, 48 in Finland, 38 in Norway, 31 in Denmark and four in Iceland. Swedish fund managers have over half the capital of all Nordic firms, with an aggregate capital commitment over the last 10 years of €30.7bn. There are 59 firms in the Nordic region that pursue a buyout strategy and 129 that focus on venture capital.

The firm that has raised the most capital over the past decade in the Nordic region is EQT Partners, based in Sweden. It has raised €13.5bn over the last 10 years with an estimated €4.9bn in dry powder. It pursues various strategies including buyout, growth, mezzanine, restructuring, special situation and turnaround. The firm makes investments across Europe, Asia and the US. EQT are currently in the process of raising their latest fund, EQT Credit Fund II, which is a distressed debt vehicle targeting €750mn to invest in the debt of operationally sound but overleveraged European companies.

Among Norwegian-based fund managers, HiTecVision has raised the most capital over the last decade. The firm has raised €2.4bn in capital over the last 10 years with an estimated €1.4bn of dry powder. It focuses on companies in the oil and gas, energy and technology sectors in Europe and North America and pursues growth, buyout and management buyout strategies.

The largest Finland-based private equity fund manager by capital raised is CapMan, which has raised €1.6bn in the last 10 years for Nordic-focused investments and pursues buyout, mezzanine and venture capital investments throughout the region. Maj Invest Equity, formerly LD Equity, was established in 2005 and has raised €962mn since its formation. The Copenhagen-based private equity firm focuses on buyout, turnaround and growth capital investments in small and mid-sized companies in Denmark.

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