Preqin’s Fund Manager Profiles product currently lists a total of 202 private equity firms that are based or headquartered within the Nordic region. Collectively, these firms have raised an aggregate €49.1bn in capital commitments over the past 10 years, and have an estimated €15.8bn of dry powder available to invest.
In terms of location breakdown, Sweden contains the largest proportion of fund managers, with 80 GPs based in the country. These fund managers have also raised the greatest amount of capital, securing 62% of the total capital raised over the last 10 years (€30.6bn). Finland and Norway have the next largest proportions of fund managers, with 44 and 41 firms based in the two countries respectively.
EQT Partners has raised the most capital for private equity investments over the last 10 years. The Stockholm, Sweden-based firm makes buyout, mezzanine and distressed private equity investments across Europe, Asia and the US, with a focus on consumer, healthcare, industrial, technology and financial companies. The firm has raised a total of €15.3bn over the last 10 years, and closed its most recent fund EQT VI in October 2011 with total commitments of €4.75bn.
Nordic Capital and Altor follow EQT Partners with respect to the most capital raised over the last 10 years, with the former having raised €7.7bn and the latter having raised €3.8bn. Nordic Capital targets buyout investments in the Nordic region and Europe’s German-speaking countries across a diversified range of sectors with a focus on the healthcare sector, while Altor makes buyout and growth investments solely across the Nordic region, and has no specific industry focus.