Key Takeaways from the Nordic Private Markets Investment Breakfast
January 2026
Pedersen & Partners and CMS co-hosted the Nordic Private Markets Investment Breakfast in Stockholm.
The event brought together representatives from local and international private equity, infrastructure and venture capital firms for discussions and networking around the latest Nordic private equity market trends and strategic insights.
The panel discussion was moderated by Poul Pedersen, Executive Chairman, Pedersen & Partners, and Louise Rodebjer, Partner Corporate/M&A, CMS Wistrand.
Panelists included:
- Kasper Alsing – Investment Director, Nordic Capital
- Harri Halonen – Partner, CapMan Infra
- Erik Laestadius – Head of M&A, DNB Carnegie
- Klas Nordin - Partner & Co-Founder, OPX Partners
- Anna Ryott - Nordic Chief Impact Officer, EY
- Lars Sveder - Co-founder & Chief Investment Officer, Monterro
Key takeaways from the event:
- Private market deal activity across the Nordics declined in 2025 compared to historical averages. Valuations remained resilient, largely driven by selectivity, with capital concentrated on high-quality, well-performing assets.
- A volatile and unpredictable operating environment required Boards and executive teams to prioritise immediate operational issues, reducing focus and capacity for longer-term transformation and strategic change.
- The software sector continued to show relative strength, sustaining consistent deal flow and investor interest. Monterro’s successful fundraise in 2025 reinforced the segment’s attractiveness.
- Panel participants anticipate a gradual improvement in conditions in 2026, with expectations of increased transaction activity and a more supportive environment for Nordic private market investors and operators.
We thank all participants for their contributions and perspectives.