- Advertisement -
- Advertisement -

Related

St. Petri’s Second Go at Launching Small-Cap Fund

Industry Report

- Advertisement -

Stockholm (HedgeNordic) – Danish fund boutique St. Petri Capital is making a second attempt at launching its long-only European small-cap fund after postponing its launch in late 2022 due to challenging market conditions. Ivan Larsen, a long-time small-cap-focused portfolio manager at Danske Bank Asset Management, joined St. Petri Capital as a partner last year to launch and manage St. Petri Europe Small Cap alongside Johann Grøndahl.

“Our new European Small Cap fund is starting,” Larsen announces on LinkedIn. The launch of the fund was initially planned for September or October of 2022. Following discussions with investors, the team decided to postpone the launch amid high uncertainty across financial markets stemming from worrying geopolitical and macroeconomic developments. St. Petri Capital is currently raising capital to launch the fund at a second attempt “as we are coming out of a downturn, where small-cap stocks were particularly hard hit,” according to a letter by Larsen.

“Our new European Small Cap fund is starting.”

Ivan Larsen and his co-manager Johann Grøndahl will employ a long-term stock-picking strategy focused on quality companies. “I have developed my investment philosophy over many years,” Larsen said back in 2022. “I have always been a long-term stock picker focusing on quality companies with a strong market position, companies that have some kind of uniqueness,” he explained his investment approach. “In our new fund, we define these as quality companies with an edge.”

The launch of the European Small Cap fund will complement St. Petri Capital’s core offering consisting of a thematic-focused long/short equity fund. St. Petri L/S, managed by St. Petri Capital co-founders Michal Danielewicz and Jens Larsson, has delivered an annualized return of about 13 percent since launching in early 2018 after booking an annual gain of 98 percent in 2020. The long/short equity fund gained 4.7 percent in the difficult market conditions of 2022 and was down 5.2 percent over the first four months of 2023. St. Petri Capital has also welcomed Claus Johansen as a portfolio manager and partner to launch a healthcare-focused long-only equity fund in the second half of this year.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Formue Highlights Private Credit’s Role in New Economic Era

Nordic wealth manager Formue has long prided itself on delivering institutional-grade investment solutions to high-net-worth individuals. As global economic conditions shift, Formue sees an important role...

Chelonia Select Builds on Solid 2024

Stock-picking hedge fund Chelonia Select is off to a strong start in 2025 with an 8.3 percent gain through the end of May, building...

CABA Capital Expands the Flex Series

Danish fixed-income boutique CABA Capital has launched the third vintage of its leveraged, closed-end fixed income strategy: CABA Flex3. The fund aims to deliver...

Aegon AM Launches Capital Call Finance Fund

Aegon Asset Management has launched the Aegon Capital Call Finance Fund, providing institutional investors with access to the capital call finance market – a...

Evli’s Co-Investment Strategy: Opening the Door to Direct Private Equity Deals

Co-investing alongside private equity funds has become increasingly important for institutional investors seeking greater control, reduced fees, and selective deal exposure. Once reserved for...

From Loans to Layers: Navigating the CLO Capital Stack

Collateralized Loan Obligations (CLOs) play an important role in credit markets by bridging the capital needs of corporate borrowers with the return objectives of...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.