Founded in late 2018, Nordic Secondary Fund (N2F) is the first and largest secondary-only fund in the New Nordic Region. In total, the fund has raised more than €140M, and done more than 30 transactions. From their first fund, 25% of the capital has been invested in Baltic scaleups, and from their second fund, from where they are currently investing from, more than 45%so the capital being deployed so far, has also been allocated to great Balticfounders/companies.
Peter Sandberg, the Founding Partner at Nordic Secondary Fund says that their team is thrilled to be joining the ranks of the Estonian PrivateEquity and Venture Capital Association. „This membership opens up exciting new opportunities to do more secondary deals in the near future, and thereby provide more liquidity to the Estonian/Baltic founders and ecosystem. In the past 3 years, we have bought secondaries from Estonian/Baltic founders for more than €25M, and we are excited and looking forward to doing more work together,” Sandberg adds.
“We are very happy to have such an important regional player as the Nordic Secondary Fund join EstVCA and see a variety of cooperation points within the Estonian ecosystem,” says Kadri Lindpere, the Managing Director of EstVCA. “The New Nordic region has in recent years organically grown into a unified and tightly knit region and we are truly excited to help facilitate regional cooperation with the funds and their portfolios in the region even further,” she adds.
The Estonian Private and Venture Capital Association (EstVCA) is an organization uniting representatives of the private equity and venture capital industry and support service providers in the field, whose assets under management amounted to €2.88 billion at the end of 2021. Today, EstVCA has 60member organizations, the main members of which are Ambient Sound Investments,BaltCap, BPM Capital, Change Ventures, Eften Capital, European Investment Fund, European Bank for Reconstruction and Development, Iron Wolf Capital, KaamosGroup, Karma Ventures, KredEx, LHV Varahaldus, Livonia Partners, NordicSecondary Fund, Perot Jain, Siena Secondary Fund, SmartCap, Superangel, StartupWise Guys, Swedbank Investment Funds, Tera Ventures, Trind Ventures, UnitedPartners, UP Invest, and Wellman. www.estvca.ee
Nordic Secondary Fund
Estonian Private and Venture Capital Association / EstVCA
+372 505 1239