Belnord Capital closes Fund I well above €250 million target
Belnord Capital (“Belnord” or the “Firm”) has held a final close of €265 million in commitments for its inaugural Fund, Belnord Capital Fund I (“Belnord I” or the “Fund”). The oversubscribed Fund has attracted a strong and diverse group of investors, including institutions, family offices, entrepreneurs and the Belnord team itself, which has committed significant capital to the strategy.
Founded in Stockholm in 2023 by senior ex-EQT executives, Belnord Capital was created with the dual purpose of managing capital for the founding team and to leverage the team’s experience to build a leading, scaled next-generation investment firm in European private equity, specialising in the secondary market.
Having worked together for decades and with a combined 100 years of experience building world-class private markets businesses, sourcing and executing deals, the team is uniquely equipped to deliver this vision.
Fund I is already c. 50% invested, including six continuation vehicles, demonstrating the Firm’s differentiated and innovative investment style. Belnord leverages extensive direct investing expertise to outperform in the secondary market.
“The market for GP-led secondaries continues to expand rapidly, and we see an increasing number of opportunities to partner with leading private equity managers, supporting their best performing portfolio companies,” said Nils Schander, CEO of Belnord Capital. “We are independent and our ability to offer flexible capital positions us as a trusted partner for GPs seeking long-term alignment.”
“We are grateful for the strong support from our investors and look forward to continuing to build on our success,” added Stefan Glevén, Chairman of the Board. “Belnord Fund I is designed to provide capital where it is most needed – supporting high-quality managers in unlocking value within their portfolios.”
About Belnord Capital
Headquartered in Stockholm, Belnord Capital specialises in GP-led solutions across secondaries and co-investments.
Belnord Capital - Partners in Private Markets
For more information, please visit www.belnordcapital.se
Contact information
Nils Schander, CEO
nils.schander@belnordcapital.se
Västra Trädgårdsgatan 15
111 53 Stockholm