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Nordea Asset Management-Backed Trill Impact Closes First Mid-Market Buyout Fund

Trill Impact, an independent private investments firm backed by Nordea Asset Management (NAM), has closed €900mn in commitments for its inaugural impact mid-market buyout fund. 

Trill Impact was founded in 2019 by Jan Ståhlberg with the backing of NAM; today, it manages more than €1bn from its private equity and microfinance investment advisory strategies.

The limited partners’ advisory committee of the fund consists of, among others: AP4 (The Fourth Swedish National Pension Fund), AP6 (The Sixth Swedish National Pension Fund), Allianz Global Investors, New York Life Insurance Company, Lucie and André Chagnon Foundation, Velliv, Pension & Livsforsikring A/S, and Nordea Life & Pensions. 

Nils Bolmstrand, CEO of Nordea Asset Management, said: “Our longstanding mission has been to provide returns with responsibility. This is very much what drove our venture with Trill Impact, joining our respective forces to offer investors world-class private equity and ESG expertise as well as the opportunity to participate in the change they want to see in the world.  We’re thrilled to see that many prominent investors have recognized the value of this partnership and believe that this inaugural success paves the way for future growth of the Trill Impact offering.” 

Jan Ståhlberg, founder & managing partner of Trill Impact, added: “My ambition for Trill Impact since inception has been to create a thought leader and force for positive change through impact investments, enabling like-minded investors to actively contribute to a better world and inspiring others to follow. I am convinced that, together with Nordea Asset Management and the fund’s investors, we have now laid the foundation for future success.”

Since the launch of the fund, four transactions have been completed by the fund, all targeted investments in Northern Europe. 

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