Stockholm (HedgeNordic) – Danish boutique Formue Nord is undergoing a rebranding and will now operate under the name Fenja Capital. While the boutique’s name and branding, including the names of its two existing investment funds, are changing, the team and the investment strategy of tailoring financing solutions for listed companies will remain unchanged.
The name ‘Fenja’ is drawn from Nordic mythology, where Fenja and her sister Frode were bought by the King of Denmark and forced to grind out gold on his mill. “The name is unique, just like our investment strategy,” says Rasmus Viggers, the founder and CIO of what is now Fenja Capital. “We remain the same people, with the same values, the same phone numbers and approach to collaboration,” he emphasizes. “Our primary focus remains on tailoring financing solutions for listed companies.”
“The name is unique, just like our investment strategy.”
Rasmus Viggers, the founder and CIO of Fenja Capital.
Fenja Capital is a specialized asset manager offering tailored financing solutions to listed micro-, small- and mid-cap companies in the Nordic region through its two funds: Formue Nord Markedsneutral and Formue Nord Fokus. Formue Nord Fokus offers financing solutions with a maturity of at least one year, whereas Formue Nord Markedsneutral engages in transactions with shorter maturities. “Fenja Capital will still run two investment vehicles, each with its own strategy and characteristics,” explains Viggers. “Both funds will continue as before, and will be renamed into Fenja Capital I and Fenja Capital II, at the next general meeting.”
“Fenja Capital will still run two investment vehicles, each with its own strategy and characteristics. Both funds will continue as before, and will be renamed into Fenja Capital I and Fenja Capital II…”
Rasmus Viggers, the founder and CIO of Fenja Capital.
Formue Nord Markedsneutral, the older of the two funds, has delivered an annualized return of 5.4 percent since late 2015, while Formue Nord Fokus has achieved an annualized return of 9.5 percent since launching in the second half of 2018. Fenja Capital manages about DKK 676 million in equity across the two funds, equivalent to about €90 million. In addition, the boutique has established a co-investor arrangement that can quadruple its equity investment in relevant transactions, bringing its funding capacity up to SEK 400 million in any specific deal.
“Our values and approach from Formue Nord will be carried forward and will continue to be orderliness and a dedicated focus on our customers’ investments and solutions,” concludes Viggers. “We look positively at the future and want to follow the objectives of bringing our approach and skills into play in several countries and in cooperation with several new co-investors.”
