Swedfund AB
AUM : $110 billion
Swedfund International AB is a private equity and venture capital firm specializing in direct and fund of fund equity, debt, and loans with a focus on equity related capital investments. It prefers to invest in seed, start-ups, and mid and late venture in mature and middle market companies.
It seeks to provide risk capital in the form of share capital, share options, convertible loans, preference shares, royalty loans, subordinated loans, secured loans, loans, guarantees, and part-financing of leasing agreements.
The firm does not invest in the Swedish businesses of Swedish companies and in companies that manufacture or sell weapons, tobacco or alcohol.
It does not invest in production or activities involving forced labor or child labor, production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, any business relating to pornography or prostitution, trade in wildlife or wildlife products regulated under CITES, production or use of or trade in hazardous materials such as radioactive materials, unbounded asbestos fibers and products containing PCBs, cross-border trade in waste and waste products unless compliant to the Basel Convention and the underlying regulations, drift net fishing in the marine environment using nets in excess of 2.5 km in length, production, use of or trade in pharmaceuticals, pesticides/herbicides, chemicals, ozone depleting substances and other hazardous substances subject to international phase-outs or bans, destruction of Critical Habitat, production and distribution of racist, anti-democratic and/or neo-nazi media, production or trade in weapons and munitions, tobacco, hard liquor, and gambling, casinos and equivalent enterprises.
It prefers to invest in Africa, Asia, Latin America, and Eastern Europe with focus on Sweden, and Kenya. The firm typically invests between $0.2 million and $ 15 million. It seeks to exit its investments between five years and ten years. It does not invest together with private individuals, partnerships, sole trader, or co-operative or similar associations, and does not provide aid in the form of donations, and is also not involved in sponsoring. The firm takes a Board seat in its portfolio companies (equity investments) and seeks to participate in the investment committee for fund investments.
The firm is a minority investor and typically holds between 10 percent and 35 percent. The firm’s investments do not exceed one-third of the total investment and it does not provide soft money. Swedfund International AB was founded in 1979 and is based in Stockholm, Sweden with an additional office in Nairobi, Kenya.
Areas of expertise
It typically invests in consumer durables and apparel; consumer services which includes hotels, restaurants, and leisure; media; consumer staples; energy; real estate; healthcare; industrials; Information Technology; materials; telecommunications, finance, funds, manufacturing, services, energy, and others.
