We partner with founder-led businesses in industrial technology and business services, and stay for the decade it takes to build a category leader.
We take minority and majority positions, but always keep the people who built the company at the centre of decisions.
Half of our team has run a P&L. They work inside portfolio companies on pricing, hiring and international expansion.
Our evergreen structure lets us hold great businesses for as long as they keep compounding.
| Company | Sector | Region | Since |
|---|---|---|---|
| Halvard Systems | Industrial automation | Norway | 2016 |
| Kestrel Analytics | B2B software | Sweden | 2018 |
| Mareld Marine | Maritime services | Denmark | 2019 |
| Fjordline Health | Healthcare services | Finland | 2021 |
| Sentra Grid | Energy infrastructure | Germany | 2023 |
“They asked about our customers before they asked about our margins. Seven years later, we are four times the size and still run the company ourselves.”Ingrid Solberg — CEO, Halvard Systems
Why mid-market automation businesses outperform over a full cycle.
Read the reportThree portfolio CFOs on raising prices without losing customers.
Read the interviewOur largest fund to date, backed by 42 long-term institutional investors.
Read the announcement