Nordic Secondary Fund

Nordic Secondary Fund operates as the pioneering and sole investment vehicle in the Nordics dedicated exclusively to the secondary market. The firm strategically acquires minority stakes in promising Nordic and Baltic early-stage companies that have successfully completed a Series-A capital raise. Its investment strategy centers on identifying businesses with proven, scalable models, targeting acquisitions at a substantial discount to their latest funding rounds, aiming for a significant upside and exit within five years.

The fund was established in 2018 by co-founders Peter Sandberg and Frank Lyhne. Their foundational insight stemmed from the recognition of a significant liquidity gap: while many founders and early investors held valuable, illiquid minority stakes in non-listed Nordic growth companies, a formal market for monetizing these assets was largely absent. Sandberg contributes over three decades of experience in investment and asset management, alongside early-stage investing and founding capital management firms. Lyhne brings 15 years of experience as a founder and early-stage investor, coupled with executive roles and extensive secondary market activity.

Nordic Secondary Fund serves a dual clientele: it provides a vital liquidity solution for founders and early investors in the region's burgeoning tech ecosystem, allowing them to realize value from their illiquid holdings. Simultaneously, it offers its own investors attractive alternative returns and portfolio diversification. The fund's vision is to cultivate an efficient secondary market across the Nordics, facilitating capital flow and supporting the continued growth and maturation of its vibrant startup landscape.