Fund structures and management
Verdane funds
The Verdane funds are structured as Danish limited partnerships or Swedish limited liability companies, where vintage funds are domiciled in Denmark and the recent funds Verdane Capital IX, Verdane Edda, Verdane Capital X, Verdane Edda II, Verdane Edda III, Verdane Feya (Capital) XI and Idun I are domiciled in Sweden.
Each fund is managed by a separate legal entity, domiciled in the same country as the fund and referred to as the General Partner, as regards to Danish funds, or Manager, as regards to Swedish funds. Each General Partner or Manager is in turn managed by its respective board of directors.
The General Partner or the Manager, as applicable, is responsible for all investment and divestment decisions of the fund(s) it is managing. These decisions may be based on the recommendations of advisory companies. Each Danish domiciled Verdane fund also has an external investment committee.
Graphs display investor type and investor geography in all active funds.
Funds domiciled in Sweden
- Verdane Capital IX, Verdane Capital X, Verdane Freya XI
- Verdane Edda, Verdane Edda II, Verdane Edda III
The fund family formerly named Verdane Capital is now referred to as Verdane Freya to align naming across Verdane’s funds and to pay tribute to Verdane’s Nordic roots with fund names originating in Norse mythology.
| Fund | Vintage | Manager |
|---|---|---|
| Verdane Capital IX
Verdane Capital IX (D) AB Verdane Capital IX (E) AB | 2016 | Verdane Fund Manager AB |
| Verdane Edda
Verdane Edda (D) AB Verdane Edda (E) AB | 2018 | Verdane Fund Manager AB |
| Verdane Capital X
Verdane Capital X(D) AB Verdane Capital X(E) AB | 2018 | Verdane Fund Manager AB |
| Verdane Capital 2019
Verdane Capital 2019 (D) AB Verdane Capital 2019 (E) AB | 2019 | Verdane Fund Manager AB |
| Verdane Capital 2020
Verdane Capital 2020 (D) AB Verdane Capital 2020 (E) AB | 2020 | Verdane Fund Manager AB |
| Verdane Edda II
Verdane Edda II (D) AB Verdane Edda II (E) AB | 2020 | Verdane Fund Manager AB |
| Verdane Idun I Verdane Idun (D) AB Verdane Idun (E) AB | 2021 | Verdane Fund Manager AB |
| Verdane Freya XI Verdane Freya XI (D1) AB Verdane Freya XI (D2) AB Verdane Freya XI (E) AB | 2022 | Verdane Fund Manager AB |
| Verdane Edda III Verdane Edda III (D1) AB Verdane Edda III (D2) AB Verdane Edda III (E) AB | 2022 | Verdane Fund Manager AB |
| Idun II Verdane Idun II (D1) AB Verdane Idun II (D2) AB Verdane Idun II (E) AB | 2024 | Verdane Fund Manager AB |
Growth focused investments
Each fund consists of two or three Swedish limited liability companies (Sw. aktiebolag) which invest in parallel. The fund is managed by a separate Swedish limited liability company, the Fund Manager, which in turn is managed by its board of directors. The Fund Manager is responsible for and makes all investment and divestment decisions during the life of the fund. The Fund Manager may make decisions based on the recommendations from investment advisory companies. The investment advisory companies receive market-based fees for their advisory services.
Regulatory
The Fund Manager is subject to the Alternative Investment Fund Managers Act (2013:561), the Swedish enactment of the Alternative Investment Fund Managers Directive (2011/61/EU).
Verdane Fund Manager AB is an authorized alternative investment funds manager with the Swedish Financial Supervising Authority (Sw. Finansinspektionen).
ir@verdane.com
Birger Jarlsgatan 41 A111 45 StockholmSweden
Funds domiciled in Denmark
(Verdane Capital VI, Verdane Capital VII, Verdane Capital VIII)
Fund structure and management
Each fund consists of a Danish partnership (Dk. kommanditselskab). The fund is managed by a separate Danish limited liability company, the General Partner, which in turn is managed by its board of directors. The General Partner is responsible for and makes all investment and divestment decisions during the life of the fund. The General Partner may make decisions based on the recommendations from investment advisory companies. The investment advisory companies receive market-based fees for their advisory services.
The fund’s investment activities are reviewed by an external investment committee, i.e. independent from the General Partner and the investment advisors. Decisions to make investments and divestments require the approval of the investment committee. The investment committee is appointed by the investors.
Regulatory
The General Partner is subject to the Alternative Investment Fund Managers etc. Act (no. 598 of 12/06/2013), the Danish enactment of the Alternative Investment Fund Managers Directive (2011/61/EU). Verdane Capital VI GP ApS, Verdane Capital VII GP ApS and Verdane Capital VIII GP ApS are registered with the Danish Financial Supervising Authority (Dk. Finanstilsynet) as alternative investment fund managers.
Contact details to General Partners:
verdane@intertrustgroup.com
c/o Harbour HouseSundkrogsgade 212100 CopenhagenDenmark
| Fund | Vintage | General Partner | General Partner Board of Directors |
|---|---|---|---|
| Verdane Capital VI
(Verdane Capital VI K/S) | 2007 | Verdane Capital VI GP ApS | Birger Nergaard Bunne Rydning Ole Andersen Pete Juel-Berd |
| Verdane Capital VII (Verdane Capital VII K/S) | 2009 | Verdane Capital VII GP ApS | Birger Nergaard Bunne Rydning Ole Andersen Pete Juel-Berd |
| Verdane Capital VIII (Verdane Capital VIII K/S) | 2014 | Verdane Capital VII GP ApS | Birger Nergaard Bunne Rydning Ole Andersen Pete Juel-Berd |