The private equity firms industry in the Nordics thrives as an ecosystem where professional investors engage with companies for growth. With a rich mix of sectors such as finance, healthcare, and technology, these firms support early-stage and established businesses alike. The industry is witnessing a rising interest in sustainable and impactful investments, mirroring global trends focused on social responsibility. Nordic private equity firms are known for their strategic partnerships and long-term horizons, making them pivotal players in driving innovation and economic development. As the industry evolves, a growing emphasis on technology-enabled solutions is expected.


This list highlights 19 notable private equity firms investors in the Nordics, showcasing a mix of corporate and private equity players. Headquartered mainly in Stockholm, Helsinki, and Copenhagen, these firms vary in size from small teams to large organizations with over 10,000 employees. Established from 1767 to 2007, these firms collectively engaged in 63 reported investments in 2024, reflecting both burgeoning confidence and a robust demand for capital across regions and sectors. As the investment landscape continues to develop, these firms remain at the forefront, adapting to market changes and opportunities with resilience.


Top 19 Private Equity Firms Investors in the Nordics


1. 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. The firm specializes in private equity, infrastructure, real estate, growth equity, and venture capital, catering primarily to institutional investors. EQT Group has been actively involved in various significant transactions in the private equity space, including the acquisition of BPEA EQT for $7.5 billion in March 2022, which highlights their capacity for large-scale investments. In November 2021, they acquired Life Sciences Partners for €450 million, further expanding their footprint in the life sciences sector under the new name EQT Life Sciences. Additionally, their acquisition of a controlling stake in Tion Renewables AG for €150 million in March 2023 showcases their interest in sustainable investments, which can also fall under private equity. Overall, EQT Group's diverse investment portfolio and active participation in private equity transactions position them as a significant player in the industry.


2. Söderberg & Partners


Söderberg & Partners is a financial advisory firm based in Stockholm, Sweden, founded in 2004. The firm provides a wide range of services, including pension advisory, insurance brokerage, and wealth management, catering to both individual consumers and businesses. In recent years, Söderberg & Partners has actively expanded its investment portfolio, particularly in the financial services sector. Notable transactions include acquiring a significant minority stake in the UK-based financial services group Fidelius, aimed at strengthening their presence in the UK market. They also acquired a minority stake in Generation Financial Services, furthering their growth strategy in the UK. Additionally, they participated in funding rounds for innovative companies like Datia, a climate fintech firm, showcasing their interest in diverse investment opportunities. These activities highlight Söderberg & Partners' commitment to enhancing financial security and investment strategies through strategic investments, aligning them with the private equity investment landscape.


3. 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 prominent private equity firm based in Stockholm, Sweden, founded in 1989. The firm specializes in investments across various sectors, with a strong emphasis on healthcare and technology. Nordic Capital partners with management teams to drive growth and operational improvements in its portfolio companies, focusing on creating long-term value and sustainability. Notable transactions include the acquisition of Hargreaves Lansdown for £5.4 billion in 2024, which highlights their significant presence in the business services sector. Additionally, their acquisition of MFEX, a leading independent fund platform, and Nordnet for $727 million further illustrates their strategic investment approach in the financial services industry. With a count of 10 investments in 2024 alone, Nordic Capital continues to be an active player in the private equity landscape.


4. 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 an investment management firm based in Stockholm, Sweden, founded in 2003. The firm specializes in private equity investments and provides consulting services to businesses across various sectors, including technology and consumer products. Altor focuses on enhancing operational efficiency and sustainable growth for its partners through tailored investment strategies and digital transformation solutions. Notable transactions include the acquisition of an 80% majority stake in Kommunalkredit Austria AG, aimed at supporting its growth as a sustainable infrastructure bank, and the acquisition of an 8% minority stake in Mandatum plc, highlighting their interest in the financial services sector. Altor has also been involved in undefined funding rounds for companies like Carnegie and Max Matthiessen, further showcasing their active role in private equity investments.


5. Finnfund

  • Website: finnfund.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1980
  • Headcount: 51-200
  • Number of deals in 2024: 7
  • LinkedIn: finnfund

Finnfund is a not-for-profit development financier and impact investor based in Helsinki, Finland, founded in 1980. It focuses on creating sustainable futures by investing in companies that address global development challenges, primarily in developing countries. Finnfund provides investment and advisory services to promote economic growth and sustainability across various sectors. Notably, Finnfund has been involved in several significant transactions relevant to the private equity context, such as its investment in AwanTunai, an Indonesian FinTech startup that secured $27.5 million in Series B funding, indicating its active role in supporting high-growth companies. Additionally, Finnfund's participation in the funding of Maarifa Education Holdings and its backing of Uhuru Investment, a private equity firm targeting SMEs in West Africa, further exemplify its engagement in the private equity landscape. Through these investments, Finnfund aims to foster economic development and sustainability, aligning with the principles of private equity investing.


6. 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 financial services company based in Lysaker, Akershus, Norway, founded in 1767. It offers a wide range of products including pension plans, insurance, banking services, and investment solutions aimed at both individual consumers and businesses. In recent years, Storebrand has made strategic acquisitions to bolster its position in the investment landscape. Notably, in 2019, Storebrand Asset Management acquired Cubera Private Equity, a Norwegian asset manager specializing in secondaries investments, for NOK 300 million. This acquisition highlights Storebrand's commitment to expanding its private equity capabilities. In 2024, Storebrand further solidified its investment strategy by acquiring an additional 50% stake in AIP Management for $31 million, taking a majority share in the Danish firm. These transactions reflect Storebrand's active engagement in the private equity sector, alongside its broader investment activities in real estate and fintech, such as the acquisition of Capital Investment and Kron AS.


7. Nokia

  • Website: nokia.com
  • Type: Corporate
  • Headquarters: Espoo, Uusimaa, Finland
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: nokia

Nokia Corporation is a telecommunications and technology solutions provider based in Espoo, Uusimaa, Finland, founded in 1865. The company specializes in networking technology and digital transformation, offering a wide range of products and services, including cloud infrastructure, mobile networks, and security solutions. As an investor, Nokia has been involved in several significant transactions that reflect its strategic interests in technology and cybersecurity. Notably, Nokia participated in Team8's Series A and Series B funding rounds, contributing to a total of $38 million raised to support the growth of this cybersecurity group. Additionally, Nokia has engaged in venture funding, such as its investment in Innovation Factory (Canada), which raised $3.3 million. Furthermore, Nokia's acquisition of certain assets from the mobile software company Cellity highlights its strategy to enhance its capabilities in social networking. These transactions illustrate Nokia's active role in investing in innovative companies, aligning with the characteristics of private equity investments.


8. Taaleri


Taaleri is an investment management firm based in Helsinki, Finland, founded in 2007. The firm specializes in bioindustry, renewable energy, and real estate, managing private equity funds that focus on sustainable investments. Taaleri aims to provide attractive returns while addressing environmental challenges, catering to both institutional and private investors seeking impactful projects. Notably, Taaleri has been involved in significant transactions, such as providing KES 5 billion in funding to Cytonn Investments for real estate development projects, showcasing their active participation in the private equity sector. Additionally, Taaleri has engaged in equity crowdfunding and seed funding, further diversifying their investment portfolio while maintaining a strong focus on sustainability and impact.


9. CapMan

  • Website: capman.com
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 4
  • LinkedIn: capman

CapMan Oyj is an investment management firm based in Helsinki, Finland, founded in 1989. It specializes in private equity, real estate, infrastructure, and natural capital investments, catering primarily to institutional investors. CapMan has a strong presence in the Nordic markets and aims to provide diverse investment strategies that yield sustainable returns. Notable transactions include the acquisition of StaffPoint, which highlights its engagement in private equity, and the recent acquisition of Dasos Capital, expanding its focus into sustainable investments. Additionally, CapMan's involvement in the acquisition of Midstar Hotels demonstrates its active role in the hotel investment market, further solidifying its position in the private equity sector.


10. 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, part of Skandinaviska Enskilda Banken AB (SEB), is a financial institution based in Solna, Stockholm, Sweden, founded in 1855. SEB offers a comprehensive range of banking and financial services, including personal and corporate loans, investment management, and insurance products. They serve both individual consumers and businesses, providing tailored financial solutions. Notably, SEB Kort has been involved in private equity transactions, such as their participation in a funding round for InDex Pharmaceuticals, where they contributed to a $11.3 million private equity round in 2011. This involvement in private equity, alongside their broader financial services, positions them as a relevant player in the private equity investment landscape.


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 an investment firm based in Oslo, Norway, founded in 1985. It specializes in growth equity investments, primarily targeting technology-enabled companies. Verdane provides capital and hands-on support to help businesses scale, with a particular focus on trends in digitalization and decarbonization. Notable transactions include the acquisition of Ferd in July 2014 and Nordic Finance in September 2017, both of which highlight their active role in the private equity sector. Additionally, Verdane has participated in significant funding rounds for companies like Troux Technologies, raising $7.85 million in Series E and $16 million in Series C, showcasing their commitment to supporting growth in the technology sector.


12. HitecVision

  • Website: hitecvision.com
  • Type: Private Equity
  • Headquarters: Stavanger, Rogaland, Norway
  • Founded year: 1985
  • Headcount: 51-200
  • LinkedIn: hitecvision

HitecVision is a private equity investment firm based in Stavanger, Rogaland, Norway, founded in 1985. The firm specializes in the European energy sector, emphasizing sustainability and the energy transition. HitecVision manages private equity funds and partners with various stakeholders to drive growth in renewable energy and related industries. Notable transactions include the $206 million raised for Offshore Merchant Partners in 2013, which highlights their capability in private equity funding, and the acquisition of CapeOmega in 2014, showcasing their active role in the energy sector. Additionally, they participated in a venture round for Hav Energy in 2019, further illustrating their diverse investment approach within the energy domain.


13. 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, specializing in credit management services. Founded in 1923, the company provides solutions for debt collection, credit optimization, and financial education, serving both businesses and consumers across Europe. In recent years, Intrum has made strategic acquisitions to enhance its market position and expand its service offerings. Notable transactions include the acquisition of Haya Real Estate, a Spanish asset management platform, for 140 million euros, which reflects Intrum's strategy to grow its business in key markets. Additionally, the acquisition of the Mass Credit Collection Department from PwC TLS in Italy further strengthens its operations, generating over 100 million in yearly revenue. These transactions highlight Intrum's active role in the investment landscape, aligning with private equity investment practices.


14. 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 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 notable transactions such as the Series E funding round for Finova Capital, which raised $135 million, and the $17.5 million venture round for Amartha. They also participated in earlier rounds for companies like Aye Finance and Arohan Financial, showcasing their active role in the private equity landscape.


15. Intera Partners

  • Website: interapartners.fi
  • Type: Private Equity
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: intera-partners

Intera Partners is a private equity firm based in Helsinki, Uusimaa, Finland, founded in 2007. The firm specializes in investment management and advisory services, with a focus on growing and internationalizing Finnish and Swedish companies. Intera Partners provides capital and strategic support to businesses with revenues between €10-200 million, emphasizing responsible investing and building strong partnerships with business owners. Notable transactions include their participation in the Series A funding round for Allocate, which raised $15.3 million, and their involvement in a private equity round for Midagon, showcasing their active role in the private equity landscape.


16. Incore Invest

  • Website: incoreinvest.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: incore-invest

Incore Invest is a corporate investment firm based in Stockholm, Sweden, founded in 2022. The firm specializes in growth stage investments, particularly within the internet and technology sectors, providing both investment management and advisory services to technology startups and growth stage companies. Incore Invest has a diverse portfolio that includes notable fintech firms, showcasing its commitment to supporting innovative ventures. In 2024, Incore Invest participated in several significant transactions, including a €1.29M investment in Kameo, a Swedish investment platform, as part of a larger share issuance. Additionally, Incore Invest was involved in multiple funding rounds for Savr, a financial services platform, and made a substantial investment of approximately $22.75 million in Froda during its Series B round. These transactions highlight Incore Invest's active role in the growth stage investment landscape, particularly in sectors that align with private equity investment strategies.


17. Kistefos AS

  • Website: kistefos.no
  • Type: Venture Capital
  • Headquarters: Oslo, Oslo, Norway
  • Founded year: 1997
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: kistefos-as

Kistefos AS is a private investment company based in Oslo, Norway, founded in 1997. The firm manages a diversified portfolio across multiple industries, including offshore, shipping, financial services, technology, and real estate. Kistefos AS focuses on creating value through active ownership and strategic guidance, providing investment and operational support to businesses. Notable transactions include their participation in the venture round for Antler, which raised $50 million in January 2020, and their involvement in the Series A financing round for Hemispherian AS, which raised NOK 30 million (approximately USD 2.9 million) in November 2022. These transactions highlight Kistefos AS's active role in supporting innovative companies, particularly in the technology and healthcare sectors, which aligns with the broader objectives of private equity investing.


18. Ifu

  • Website: ifu.dk
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 1967
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: ifu

IFU - Investeringsfonden for Udviklingslande is a not-for-profit organization based in Copenhagen, Denmark, founded in 1967. It specializes in sustainable investments aimed at fostering positive social and environmental impacts in developing countries. IFU provides investment capital and advisory services to companies that align with the UN's Sustainable Development Goals. In 2023, IFU participated in significant transactions such as investing in U Gro Capital, a fintech company focused on small businesses, where they contributed Rs 240 crore in equity capital. Additionally, they invested $24 million in Arohan Financial Services, a microfinance institution in India, to support its growth and expansion efforts. These transactions highlight IFU's active role in financing companies that may have private equity characteristics, particularly in sectors like fintech and microfinance, although their overarching mission remains focused on development rather than pure financial returns.


19. Niam Credit

  • Website: niam.se
  • Type: Private Equity
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1998
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: niamcredit

Niam Credit is an investment management firm based in Stockholm, Sweden, founded in 1998. Specializing in real estate and infrastructure, Niam provides tailored investment solutions and credit services to institutional investors and commercial property owners, with a strong emphasis on sustainable development and long-term value creation. In recent transactions, Niam acquired Brunswick Real Estate Capital, a debt business, which showcases their capability in managing financial assets. Additionally, they took a majority stake in Bright Sunday AB, a solar-as-a-service provider, aiming to expand its operations across Europe and build a significant portfolio. These transactions highlight Niam's active role in the private equity sector, despite their primary focus on real estate and infrastructure.



Private Equity Firms Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
EQT GroupStockholm, Stockholm, Sweden1001-5000199430
Söderberg & PartnersStockholm, Stockholm, Sweden1001-500020044
Nordic CapitalStockholm, Stockholm, Sweden201-500198910
Altor Equity PartnersStockholm, Stockholm, Sweden51-20020036
FinnfundHelsinki, Uusimaa, Finland51-20019807
StorebrandLysaker, Akershus, Norway1001-500017672
NokiaEspoo, Uusimaa, Finland10001+18653
TaaleriHelsinki, Uusimaa, Finland51-20020070
CapManHelsinki, Uusimaa, Finland51-20019894
SEB KortSolna, Stockholm, Sweden501-100018551
VerdaneOslo, Oslo, Norway51-20019857
HitecVisionStavanger, Rogaland, Norway51-20019850
IntrumStockholm, Stockholm, Sweden10001+19232
Maj InvestCopenhagen, Denmark51-20020055
Intera PartnersHelsinki, Uusimaa, Finland11-5020072
Incore InvestStockholm, Stockholm, Sweden1-1020224
Kistefos ASOslo, Oslo, Norway11-5019971
IfuCopenhagen, Denmark51-20019673
Niam CreditStockholm, Stockholm, Sweden11-5019981


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