History

Funds advised by Verdane Capital Advisors have a long track record of investing in small and medium-sized Nordic high-growth businesses. The firm's roots date back to 1985, when Birger Nergaard founded Four Seasons Venture in Oslo. The first portfolio transaction was made in 2003.

Four Seasons Venture was the first venture capital firm in Norway. Birger Nergaard raised the inaugural fund in 1985 and was joined by Gunnar Rydning in 1986. They raised a second (1996) and third (2000) venture capital fund. In 2001, Bjarne Lie, the current Managing Partner, joined.

Since the transaction around SND Invest in 2003, the main focus of the firm has been to acquire fast growing companies through portfolios of direct investments. The funds have also retained the ability to invest directly into growth companies in the Nordic region. Funds have been raised in 2005, 2007, 2009, 2013 and 2016. The firm changed its name to Verdane Capital Advisors in 2006.

Verdane Capital Advisors established its Stockholm office in 2005, following a portfolio transaction with Skandia. In 2011, the Helsinki office opened following the Eqvitec Technology Fund II & III transactions. The first Danish portfolio transaction was completed in 2013.