- Advertisement -

Related

Obligo Raises Final €75 Million for PE Fund

- Advertisement -

Stockholm (HedgeNordic) – Obigo Investment Management has announced the final close of its infrastructure-oriented private equity fund, Obligo Nordic Climate Impact Fund (ONCIF), raising NOK 800 million or €75 million in 2024. Despite a difficult fundraising environment for private markets-focused funds, Obligo’s fund has secured capital from Nordic institutional investors, including pension plans, endowments, family offices, and financial institutions.

“We are immensely grateful for the support and trust our investors have placed in us, especially in the current challenging fundraising environment,” comments Mats Clarhäll, Head of Investor Relations of Obligo. “The successful close of ONCIF underscores the strong confidence our investors have in our strategy and our team’s ability to deliver best-in-class returns while making a significant positive impact on the climate.” With €1.2 billion in assets under management, Obligo Group operates as an independent, employee-owned platform within alternative investments, employing 26 employees across offices in Oslo and Stockholm.

“We are immensely grateful for the support and trust our investors have placed in us, especially in the current challenging fundraising environment.”

Mats Clarhäll, Head of Investor Relations of Obligo.

The Obligo Nordic Climate Impact Fund focuses on making investments in Nordic lower mid-market projects and companies, emphasizing clean mobility, renewable energy, digital infrastructure, and carbon usage and storage. “Our fund is a long-term, infrastructure-oriented PE fund,” says Jørgen Pleym Ulvness, the CEO of Obligo Group. With the fund now closed, Obligo Nordic Climate Impact Fund will continue to deploy capital into high-impact projects and companies, having already concluded six investments with several more in the pipeline. “The expected annual return is 11–13 percent, but we see that the investments we have made so far have yielded significantly higher returns,” notes Ulvness. “We are now focusing on renewable energy, and particularly wind in Sweden.”

“Our fund is a long-term, infrastructure-oriented PE fund. The expected annual return is 11–13 percent, but we see that the investments we have made so far have yielded significantly higher returns.”

Jørgen Pleym Ulvness, CEO of Obligo Group.

The consensus is that the energy transition cannot succeed without private capital due to the scale of the financing challenge. Private equity firms, therefore, have a unique opportunity to make a significant impact by investing in green companies. However, Ulvness points out that during the recent green wave of IPOs, many proved unsustainable in terms of returns. Obligo has demonstrated that the green energy transition offers lucrative investment opportunities. “Through patience and strategic ‘off-market’ investments, we have proven that it is possible to deliver financial performance from the green transition,” says Ulvness. Obligo has invested in traditional niches with minimal technology risk and co-invested with reputable industrial partners. “This is a recipe that has so far provided exciting opportunities and solid returns.”

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

Alfakraft Builds Global Macro Strategy Around John Ricciardi’s Macro Insight

When macro manager Nils Brobacke stepped down from managing Brobacke Global Allokering in late 2025, the team at Alfakraft Fonder faced a choice: wind...

Month in Review: May Extends the Positive Run

Nordic hedge funds continued their positive momentum from April into May, as the Nordic Hedge Index advanced 2.54 percent. The gain came against the...

Man Group: The Pod-Shop Model Isn’t the Only Way

The rise of the multi-strategy “pod-shop” model has been one of the defining trends in the hedge fund industry over the past decade. Rather...

Beyond 60/40: The Case for Liquid, Systematic Diversification

By Bjarne Graven Larsen: For decades during the great moderation, the 60/40 portfolio was the institutional investor's Swiss army knife. Equities grew wealth; bonds...

Aspect Capital’s Evolving Approach to Chinese Futures

Chinese futures in general add substantial diversification benefits to global futures - and the Chinese commodity futures that dominate certain Aspect Capital strategies also...

Systematic Merger Arbitrage in 2026: Why a Rules-based Approach Matters More Than Ever

By Scott Schefrin, Portfolio Manager at AB Hedge Fund Solutions: After a series of slower years for deal activity, merger arbitrage has re-emerged as a compelling strategy...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -