Nansen Capital pursues Robur in Norway

Nansen Capital Partners, the asset manager set up by two of the original founders of Skagen, is reported to have acquired the business of Swedbank Asset Management in Norway.

This would mean that six Robur funds would now be managed by Nansen Capital, which was set up by Tor Dagfinn Veen and Åge Westbø in 2015 as part of a change to the ownership structure of Skagen. Together with Kristoffer Stensrud, they set up Skagen some 22 years ago. Stensrud has retained a direct shareholding in Skagen, but Veen and Westbø formed Nansen Capital to manage their stake in the Stavanger headquartered asset management firm, while also facilitating investments in other independent Nordic asset managers.

Swedish business publication Affärsvärlden has cited Realtid, which in turn has cited Norwegian newspaper Dagens Næringsliv‘s report on the deal between Nansen Capital and Swedbank. InvestmentEurope has sought confirmation from Swedbank on the deal, which is also cited in Swedish business daily Dagens Industri.

Skagen’s founders have created one of the best known Norwegian asset management brands outside Norway. Between launch in 1993 and 2016, the manager has increased AUM from about €2.4bn to over €10bn, and branched out its market and office presence to the full Nordic region, Germany, Benelux, France, the UK and Ireland.


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.
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