Agenda
Private Equity in the Nordics: Shaping the future of investment in a dynamic market
Johan Javeus, Chief Strategist, SEB Research
- The impact of geopolitical tensions – including trade wars, FDI rules and tariffs – on private equity investments
- PE activity in the Nordics: is the market on a good track to rebound?
- How the region's resilience supports PE-backed deals despite global uncertainties
- Examining the abundance of capital; why is there so much liquidity in the Nordic PE market – and such an abundance of PE firms – versus 5-10 years ago?
- Insights on how investors can effectively enter and navigate the Nordic market Mid-2024 versus 2025; how has private equity evolved during the past year?
Speakers
Sofie Kulp-Tåg, Senior Investment Manager, Skandia
Björn Larsson, Partner, Axcel
Costin Mihailescu, Managing Partner, Baker McKenzie
Johan Nord, Partner, Cubera
- Updates on fundraising trends, including thriving single-asset versus multi-asset funds
- Challenges with renewing funds and the pressure to sell portfolio companies; why is there an increase in continuation vehicles for Nordic midmarket assets?
- Increasing sophistication among LPs; demanding profitable growth, predictable exits and capital returns
- The requirement of proactive due diligence for successful fundraising in a competitive environment
- When do Nordic LPs invest in Nordic-only funds?
Speakers
Erik Bäckström, Group CEO and Partner, Coeli
Henrik Nordlander, Head of Private Equity, AP3
Mirja Lehmler- Brown, Partner, Hayfin
Simon Lund, Managing Director, HarbourVest
Nick Kavanagh, Principal, Unigestion
- Entrepreneurial mindset; why the Nordic countries foster innovation and entrepreneurship
- Differences in sector exposure, company size and investment structures across Nordic countries. What impact does industrial history have in each country? Comparing sectors like forestry, mining, marine and farming
- The importance of local expertise when investing from outside the region, in order to drive successful investments
- How varying financial markets impact private equity strategies. Are the Nordic markets better structured to allow for IPOs and high-yield bonds?
Speakers
Erik Berggren, Partner, Volpi
- How do investment strategies differ across Finland, Sweden, Denmark and Norway?
- What factors contribute to Finland's strong focus on software, healthcare and future technologies?
- How do Norway's energy and resource sectors influence private equity investments compared to other Nordic countries?
- Why does Sweden lead in investor activity abroad, and how does this impact the Nordic region as a whole?
- Why is Denmark emphasising the medical and logistics sectors, and how does this shape its private equity market?
- What lessons can be learned from Sweden’s advanced private equity strategies to improve performance in other Nordic markets?
Speakers
Malin Carlström, General Partner, Climentum Capital
Juhana Kallio, Managing Partner, Intera Partners
- Beyond the data room: How artificial intelligence tools streamline target screening, financial modeling, and compliance checks.
- Cyber risk: Protecting portfolio companies against increasingly sophisticated threats in 2025.
- Bridging the tech talent gap: Strategies GPs use to acquire digital expertise and train teams internally.
- Why are services related to the green transition underperforming, despite growing interest?
- LPs’ growing demand for stable, profitable growth with no surprises in portfolio performance
- The physical risks of climate change that are impacting portfolio companies across all sectors
- Shifting focus from group thinking and ‘FOMO’ to understanding the ‘why’ behind ESG initiatives.
Speakers
Marco Natoli, Head of Sustainable Growth Division, European Investment Fund
Emelie Norling, Impact Director, Summa Equity
- How regulatory changes are driving transparency and investor confidence
- Balancing perfect reporting versus practical compliance: What do funds need to prioritise?
- The potential for fewer regulations to boost private equity investments
- How regulatory shifts may influence investor behaviour in the Nordic region.
- How EU regulations compare to those in the U.S., China, and the UK, and their implications for Nordic PE firms operating internationally.
Speakers
Gavin Bushel, Partner, Baker McKenzie
- Increasing interest from LPs to co-invest alongside funds, driven by transparency, control, and potential for higher returns.
- Structuring co-investment vehicles: understanding allocation of opportunities, fee structures, and management responsibilities. Do LPs lose some diversification?
- Determining the optimal number of funds to invest in (1, 2, or more) and how to execute co-investments effectively. How much DD work is enough for a co-investment?
- Pressure on returns: ensuring co-investments deliver value while managing expectations from LPs.
- How co-investments are shaping the Nordic private equity landscape as an alternative to traditional fund models/ consortium deals.
Speakers
Manuel Deimel, Managing Director and Head of Co-Investments, Yielco
Timo Hara, Founder and Partner, Certior Capital
Gurdeep Nagra, Product Specialist, HarbourVest
Cameron Payne, Co- Head of European Investments, Federated Hermes
- Increased pressure from LPs on GPs to execute exits and return capital efficiently
- Exits remain difficult, leading to longer holding periods for portfolio companies
- LPs prioritising DPI metrics as a key indicator of fund performance
- The importance of aligning exit strategies with evolving market conditions, investor expectations and fundraising.
Moderator
Arash Raisse, Partner, Alder
Speakers
Daniel Rygg, Managing Partner, Turnstone
Johan Conradsson, Partner, Procuritas
Fredrik Reinfeldt, Former Prime Minister of Sweden