Founded in 2018 Nordic Secondary Fund is the first and only fund in the Nordics to exclusively invest in secondaries.
In our portfolio
Kilo Health is the second fastest-growing company in Europe that works in digital health and wellness. It has 4+ million customers worldwide.
In our portfolio
Bob W combines the best of both worlds. Prime locations in handpicked neighbourhoods with regular cleaning, gym passes, and contactless access.
In our portfolio
GoMore offers ridesharing, peer-to-peer car rental and private car leasing with a lease-and-rent-out model. More than 2.5 million members.
In our portfolio
Varjo is a leading producer of human-eye resolution virtual and mixed reality products that help professionals in the most demanding industries push the limits of what’s ever been possible.
Nordic Secondary Fund’s investment focus is exclusively on Nordic and Baltic companies, where the founder and key employees are domiciled. All startups have a proven and scalable business model, locally as well as globally.
Founded in 2018 Nordic Secondary Fund is the first and only fund in the Nordics to exclusively invest in secondaries. The Private Equity “Secondaries” asset class is an attractive alternative investment with high yields and is a source of diversification for investors to mitigate overall risk.
As a result of an acceleration in the number of potential business opportunities, especially tech-based, along with better access to venture capital and fast growth, the number of valuable early stage growth companies have increased significantly. Many founders, seed and early investors own stakes of considerable value in these companies. These stakes – however – cannot be monetized, as the market for minority stakes in non-listed early growth Nordic companies is in reality non-existing.
Nordic Secondary Fund acquires secondary stakes in companies that have completed a Series-A capital raising from venture capital or corporate venture. We invest in companies that have shown to have a proven business model: a documented market for the companies’ products or services as well as a scalable business model. We aim to invest at a substantial discount to the latest funding round. Due to our fund structure, it is essential that we can see a 2x-5x upside and an exit within 5 years.
The Nordic Secondaries Fund is founded by a team with substantial experience (50+ years), a proven track-record as founders, early-stage investors, professional investors and managers as well as an unmatched network among Nordic/Baltic early stage companies, business angels, and investors:
35 years’ experience from investments and asset management; 5 years’ experience as an early-stage investor: 30+ investments in a.o. LegalDesk & Sky. Experience as the founder of Sirius Kapitalforvaltning and PP Capital Asset Management
15 years’ experience as founder and early-stage investor: 25+ investments in companies as GoMore, November First, Pleo, Spiir, Tradeshift and Listen To News. Experience as executive director in Deloitte, PwC and Topdanmark. Holds masters in math and economics and actuarial science. Frank has been active in the secondary market for more than 15 years.
Benedikt has previous experience working within banks, Private Equity and Venture Capital. Additionally, Benedikt has taken a double degree program between Copenhagen Business School and HEC Paris, some of the worlds top ranking business schools. As an Investment Associate at N2F, Benedikt is heavily involved in the preparation of investment recommendations, sourcing of new deals, and more.
As Head of Legal and Administration Henrik is a vital part of the investment process, as well as the administration of our current two funds. Henrik has more than 30 years of experience from banking, mortgage credit and pension institutes and has for the past 5,5 years been practicing law at Koch / Christensen Advokatfirma. Henrik holds a Master of Law from Copenhagen University as well as a PhD from CBS. Furthermore Henrik has been external lector at CBS within HA (jur.), Cand.merc.(jur.), HD(F) and HD(FR), and previously associate professor. Today Henrik is still censor at the Danish Business Economics Censor Corps.
As Executive Assistant at Nordic Secondary Fund, Julie has a central coordinating and supporting role in the daily operation and administration of the fund. She holds a Master’s degree in International Business Communication from Copenhagen Business School, and has three years of experience from a similar position.
Jan-Ole has numerous committee and board memberships and adviser roles with vast experience from the investment industry. Among some of the positions held during his more than 34 years of experience in the investment industry has been as the Director at SVG Advisors, responsible for the Nordic Region, and the CFO and CIO at Industriens Pension. Prior to joining North-East Family Office in 2012 as CIO, Jan-Ole was the CEO of Tarvos A/S.
It’s great to see a new Nordic fund enter the market, providing Nordic startups with more tools for growth and helping to enable compelling funding rounds from a founder perspective. The process with Nordic Secondaries Fund was smooth, and I’m excited to welcome N2F as our new investor as part of Varjo’s C round.
CXO & Founder
N2F has a simple and pragmatic approach to conducting transactions and shows a loyal interest in the long-term partnership with the company. I look forward to the collaboration, which I am sure will be most valuable for all parties.
Matias Møl Dalsgaard
CEO & Co-Founder
As an investor and chairman of DanBAN, I am pleased that the Nordic Secondary Fund has got off to such a great start, with 9 investments and the first exit in 1 year, One of our key objectives is to increase the liquidity of investments in the unlisted growth company segment. This will benefit both founders and angel investors. I am delighted to be part of the further journey from here
DanBAN Chairman & N2F Investor
Thank you guys and congratulation on your ownership in Klarna. I hope and believe this will be a great deal for you and I'm happy I was able to buy my dream house that came up on the market
Former employee, seller of secondaries December 2019