The wealth management industry in the Nordics encompasses a wide array of services, from investment advisory and financial planning to asset management. Various companies, including private banks, asset managers, and boutique advisory firms, tailor their offerings to meet the specific needs of individuals and businesses. The industry is witnessing a surge in technology integration, making digital solutions more prevalent, which enhances transparency and accessibility. With an increasing focus on sustainable investing, Nordic firms are also aligning their strategies to address broader environmental and social concerns, making this market particularly dynamic and forward-thinking.

This article presents 18 notable wealth management investors based in the Nordics, predominantly from corporate and private equity sectors. Collectively located across major cities like Stockholm, Copenhagen, and Oslo, these firms range in size from small ventures to large corporate players, with founding years stretching from the 18th century to the recent 21st century. In 2024, these investors actively closed numerous deals, revealing their commitment to expanding portfolios and influencing the market's future.

Top 18 Wealth Management Investors in the Nordics

1. Söderberg & Partners

• Website: soderbergpartners.se
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2004
• Headcount: 1001-5000
• Number of deals in 2024: 4
• LinkedIn: soderberg-%26-partners

Söderberg & Partners is a prominent financial advisory firm based in Stockholm, Sweden, founded in 2004. The firm specializes in a wide range of services, including pension advisory, insurance brokerage, and wealth management, catering to both individual consumers and businesses. With a workforce of 1001-5000 employees, Söderberg & Partners operates across multiple countries, providing tailored solutions to enhance financial security and investment strategies. In 2024, they have been actively acquiring stakes in various financial services firms, including a significant minority stake in the UK-based Fidelius and minority stakes in Generation Financial Services and several other independent financial advice firms. These acquisitions are part of their growth strategy in the UK market, demonstrating their commitment to expanding their wealth management services and reinforcing their position in the industry.

2. Nordic Capital

• Website: nordiccapital.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1989
• Headcount: 201-500
• Number of deals in 2024: 10
• LinkedIn: nordic-capital

Nordic Capital is a private equity firm founded in 1989, based in Stockholm, Sweden. The firm specializes in investments across various sectors, including healthcare and technology, but has also made significant strides in the wealth management industry. Noteworthy transactions include the acquisition of Ascot Lloyd, an independent financial advice firm with nearly £10 billion in funds under influence, and the acquisition of Max Matthiessen, a financial advisory firm aimed at enhancing customer offerings and supporting growth. These strategic investments highlight Nordic Capital's focus on creating long-term value and sustainability, particularly in the wealth management space, where they partner with management teams to drive growth and operational improvements.

3. EQT Group

• Website: eqtgroup.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1994
• Headcount: 1001-5000
• Number of deals in 2024: 30
• LinkedIn: eqt-partners

EQT Group is a prominent investment firm based in Stockholm, Sweden, founded in 1994. It specializes in private equity, infrastructure, real estate, growth equity, and venture capital. The firm serves institutional investors by offering expertise in managing diverse investment portfolios across various sectors and geographies. Notably, EQT has been involved in significant transactions relevant to the wealth management context, such as the acquisition of Banking Circle, which handles approximately EUR 60 billion in annual payment volumes, and BlueStep Bank, a specialist mortgage provider. These transactions highlight EQT's strategic interest in the financial services sector, further solidifying its role in wealth management.

4. NFT Ventures

• Website: nftventures.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: nft-ventures

NFT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2014. The firm specializes in the fintech industry, investing in and providing strategic support to startups that are innovating in financial technology. Their portfolio includes a diverse range of fintech companies, with a focus on empowering entrepreneurs to navigate challenges in funding and market entry. Notable transactions include investments in Pensionskraft, which raised $460,000 in 2015, indicating a focus on pension management solutions, and Better Wealth, which raised nearly $1 million in 2018, potentially related to wealth management services. Other investments, such as NOWO, which raised $2.15 million in 2016, further illustrate their commitment to supporting fintech innovations that may intersect with wealth management.

5. Altor Equity Partners

• Website: altor.com
• Type: Private Equity
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2003
• Headcount: 51-200
• Number of deals in 2024: 6
• LinkedIn: altor

Altor Equity Partners is a private equity investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in providing consulting services across various sectors, including technology and consumer products, with a strong emphasis on operational efficiency and sustainable growth. Notably, Altor has made significant investments in the financial services sector, including the acquisition of Carnegie Investment Bank, aimed at strengthening its position as a leading independent investment bank in the Nordic region. Additionally, Altor Fund VI's acquisition of an 8.0% minority stake in Mandatum plc highlights their interest in pension savings and focused financial service providers, further solidifying their role in the wealth management landscape.

6. EQT Ventures

• Website: eqtventures.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 28
• LinkedIn: eqt-ventures

EQT Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2015. The firm specializes in investing in early-stage tech startups, providing not only financial support but also operational assistance to entrepreneurs. EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, they have made significant investments in the fintech sector, which is closely related to wealth management. For instance, they led an £11 million Series A funding round for Pactio, a UK-based fintech focused on the private equity market, highlighting their commitment to financial services. Additionally, their investment in Anyfin, which raised over $31 million in a Series C round, further emphasizes their focus on innovative financial solutions. These transactions illustrate EQT Ventures' active role in the fintech landscape, making them a relevant player in the wealth management industry.

7. Creandum

• Website: creandum.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2003
• Headcount: 11-50
• Number of deals in 2024: 17
• LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. The firm specializes in supporting early-stage entrepreneurs in building global, category-defining companies. With a focus on nurturing companies from seed to IPO, Creandum provides venture capital investment, strategic support, and networking opportunities across various sectors, including fintech and health tech. Notably, Creandum has participated in significant funding rounds for fintech companies such as Trade Republic, which raised substantial amounts in Series A, B, and C rounds, achieving a valuation of over $5 billion. Additionally, they were involved in the seed funding of lemon.markets, a Berlin-based financial technology company, which aims to integrate stock trading into business services across Europe. These transactions highlight Creandum's active role in the fintech sector, making them a relevant player in the wealth management landscape.

8. Vef

• Website: vef.vc
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 2015
• Headcount: 1-10
• LinkedIn: vef-vc

Vef is an investment company founded in 2015, based in Stockholm, Sweden, that specializes in fintech investments in emerging markets. With a focus on providing capital and strategic support to growth-stage fintech companies, Vef aims to create long-term sustainable value for its shareholders while promoting financial inclusion and responsible business practices. Notably, Vef has been involved in significant transactions within the wealth management space, such as investing in Magnetis, a Brazilian automated wealth management solution that raised $11 million in a Series B funding round in July 2020, and Mahaana Wealth, a digital wealth management startup in Pakistan that secured $2.1 million in a pre-seed round in August 2022. These investments highlight Vef's commitment to supporting innovative wealth management solutions in emerging markets.

9. Kinnevik

• Website: kinnevik.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1936
• Headcount: 11-50
• Number of deals in 2024: 10
• LinkedIn: investment-ab-kinnevik

Kinnevik is an investment company based in Stockholm, Sweden, founded in 1936. The firm partners with innovative entrepreneurs across various sectors, including healthcare, software, marketplaces, and climate tech, providing both capital and operational support to help these companies scale and create long-term value. Notably, Kinnevik has made significant investments in the wealth management sector, particularly through its involvement with Betterment, a digital investment startup. Kinnevik led a $100 million Series E funding round for Betterment in 2016, which valued the company at $700 million, and participated in subsequent funding rounds, including a $70 million Series E round in 2017 and a $160 million growth capital round in 2021. These investments highlight Kinnevik's commitment to redefining industries and addressing global challenges, particularly in the financial services space, making them a relevant player in wealth management.

10. Seb

• Website: sebgroup.com
• Type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1856
• Headcount: 10001+
• Number of deals in 2024: 13
• LinkedIn: seb

Seb (Skandinaviska Enskilda Banken AB) is a leading banking group based in Stockholm, Sweden, founded in 1856. The bank offers a wide array of financial services, including corporate and investment banking, asset management, and private wealth management. In 2024, Seb acquired Boye Advisory, enhancing its advisory capabilities in wealth management. The bank has also invested in several fintech companies, such as Qapital, which raised $30 million in Series B funding, and Tink, which raised approximately $63.6 million in Series D funding. These transactions reflect Seb's strategic focus on integrating technology into wealth management, thereby improving service delivery and client engagement.

11. Verdane

• Website: verdane.com
• Type: Private Equity
• Headquarters: Oslo, Oslo, Norway
• Founded year: 1985
• Headcount: 51-200
• Number of deals in 2024: 7
• LinkedIn: verdane-capital

Verdane is a private equity firm based in Oslo, Norway, founded in 1985. The firm specializes in growth equity investments in technology-enabled companies, providing both capital and hands-on support to help businesses scale. Verdane focuses on trends in digitalization and decarbonization, aiming to enhance the market position and operational efficiency of its clients, primarily in the technology sector. Notable transactions include the acquisition of Ferd in 2014 and Compricer in 2011, both of which demonstrate Verdane's commitment to investing in companies that can benefit from strategic growth. Most recently, in 2024, Verdane acquired an 80% stake in Corlytics, further showcasing their active role in managing and growing their investment portfolio. These activities reflect a strong alignment with wealth management principles, as they involve strategic investment decisions aimed at maximizing value.

12. Storebrand

• Website: storebrand.no
• Type: Corporate
• Headquarters: Lysaker, Akershus, Norway
• Founded year: 1767
• Headcount: 1001-5000
• Number of deals in 2024: 2
• LinkedIn: storebrand

Storebrand is a prominent financial services company based in Lysaker, Akershus, Norway, founded in 1767. It offers a comprehensive range of products, including pension plans, insurance, banking services, and investment solutions, catering to both individual consumers and businesses. Storebrand has made significant strides in the wealth management sector through various strategic acquisitions. Notably, the acquisition of Cubera Private Equity in 2019 for NOK 300 million highlights its focus on enhancing asset management capabilities. Additionally, the acquisition of Danica Pension Norway for NOK 2.01 billion in 2021 further solidifies its presence in the occupational pensions market. Storebrand's recent acquisition of the fintech company Kron AS aims to bolster its retail savings offerings and digital capabilities, showcasing its commitment to innovation in wealth management. Overall, Storebrand is well-positioned as a key player in the wealth management industry.

13. Heartcore Capital

• Website: heartcore.com
• Type: Venture Capital
• Headquarters: Copenhagen, Denmark
• Founded year: 2007
• Headcount: 11-50
• Number of deals in 2024: 17
• LinkedIn: heartcorecapital

Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies, providing both capital and guidance to entrepreneurs throughout their business journey. Heartcore has a global reach and emphasizes building long-term relationships with founders to help them achieve their goals. Notably, Heartcore has participated in several funding rounds for Exporo, a German real estate investment platform, which raised significant capital across multiple rounds, including €43 million in Series B and $19.48 million in a later funding round. These investments in the real estate sector highlight Heartcore's engagement in areas that are pertinent to wealth management, as they support platforms that facilitate real estate investment and crowdfunding, thus contributing to wealth creation opportunities.

14. IDC Ventures

• Website: idcventures.com
• Type: Venture Capital
• Headquarters: Copenhagen, Denmark
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn: idcvc

IDC Ventures is a venture capital firm based in Copenhagen, Denmark, founded in 2019. The firm specializes in fintech and marketplace investments, partnering with family offices and professional investors to offer diversified investment opportunities. IDC Ventures engages in active portfolio management and advisory services, leveraging its extensive network and expertise to drive growth in innovative companies. Notably, IDC Ventures has participated in significant funding rounds for fintech companies such as Lunar, which raised substantial amounts in Series D funding to expand its services, including launching a crypto trading platform. Additionally, IDC Ventures was involved in the Series B funding round for Securitize, a startup focused on digital securities, further emphasizing its commitment to the fintech sector. These transactions highlight IDC Ventures' active role in shaping the future of financial services, making it a relevant player in the wealth management landscape.

15. SEB Kort

• Website: seb.se
• Type: Corporate
• Headquarters: Solna, Stockholm, Sweden
• Founded year: 1855
• Headcount: 501-1000
• Number of deals in 2024: 1
• LinkedIn: seb-kort

SEB Kort, officially known as Skandinaviska Enskilda Banken AB (SEB), is a prominent financial institution based in Solna, Stockholm, Sweden, founded in 1855. The bank provides a comprehensive range of banking and financial services, including personal and corporate loans, investment management, and insurance products. SEB serves both individual consumers and businesses, offering tailored solutions to help clients achieve their financial goals. Notably, SEB's venture capital arm, SEB Venture Capital, has made significant investments in innovative financial technology companies, such as the SEK100m investment in Lysa, a Swedish automated savings platform, aimed at expanding its services in new European markets. This investment reflects SEB's commitment to enhancing wealth management solutions through technology. Additionally, SEB has a history of supporting various sectors through venture funding, including notable investments in Information Mosaic and InDex Pharmaceuticals, showcasing their diverse investment portfolio.

16. Maj Invest

• Website: majinvest.com
• Type: Private Equity
• Headquarters: Copenhagen, Denmark
• Founded year: 2005
• Headcount: 51-200
• Number of deals in 2024: 5
• LinkedIn: maj-invest

Maj Invest is an investment management firm based in Copenhagen, Denmark, founded in 2005. The firm specializes in asset management and private equity, providing tailored investment solutions primarily to institutional investors. Maj Invest focuses on sectors such as technology, life sciences, and energy transition, demonstrating a commitment to sustainability and responsible investing. In 2024, they participated in several significant transactions, including a $3 million investment in Save Solutions, a company that is likely involved in innovative financial services, and a substantial $135 million investment in Finova Capital, which indicates their active role in the financial sector. Their previous investments, such as the Series C funding for Sub-k, a fintech startup, further highlight their engagement in sectors that are crucial for modern wealth management. Overall, Maj Invest aims to generate long-term value for its clients while addressing complex investment needs, making it a relevant player in the wealth management industry.

17. Intrum

• Website: intrum.com
• Type: Corporate
• Headquarters: Stockholm, Stockholm, Sweden
• Founded year: 1923
• Headcount: 10001+
• Number of deals in 2024: 2
• LinkedIn: intrum

Intrum is a corporate investor based in Stockholm, Sweden, founded in 1923. It specializes in credit management services, offering solutions for debt collection, credit optimization, and financial education. Intrum serves both businesses and consumers across Europe, helping them manage debts and improve financial literacy. Notably, Intrum has made significant acquisitions that enhance its position in the wealth management context. For instance, the acquisition of Haya Real Estate for 140 million euros in 2023 marks a strategic expansion into asset management in Spain. Additionally, the acquisition of the Mass Credit Collection Department from PwC TLS in Italy in 2024, which generates substantial yearly revenue, further strengthens their operational capabilities. These transactions reflect Intrum's commitment to growing its influence in the financial services sector, particularly in areas that intersect with wealth management.

18. Nordea

• Website: nordea.com
• Type: Corporate
• Headquarters: Helsinki, Uusimaa, Finland
• Founded year: 1820
• Headcount: 10001+
• Number of deals in 2024: 6
• LinkedIn: nordea

Nordea Bank Abp, founded in 1820, is a leading financial services company based in Helsinki, Finland, with a strong presence in the Nordic region. The bank offers a comprehensive range of services, including personal banking, business banking, and asset management solutions. In recent years, Nordea has made strategic investments to bolster its wealth management capabilities. Notably, they acquired Gjensidige Bank in Norway for €578 million, significantly increasing their customer base and assets under management. Furthermore, Nordea has participated in funding rounds for fintech companies like Tink, which raised substantial amounts in Series C and D funding, and Cobase, where they joined as a strategic partner. These transactions reflect Nordea's commitment to enhancing its investment management services and adapting to the evolving financial landscape.

Wealth Management Insights: Key Investors in the Nordics

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