About This Fund
Altor Fund II is a EUR 1.15 billion private equity buyout fund managed by Altor Equity Partners, the Stockholm-headquartered mid-market investment firm. The fund closed in February 2006 with total commitments of EUR 1.15 billion, building substantially on the firm's debut EUR 600 million Fund I closed in 2003. The fund attracted institutional LP capital from across Europe, North America, and Asia, reflecting Altor's growing reputation as a leading Nordic mid-market buyout manager following its strong early-vintage performance. Altor Fund II is fully invested and represents a mature, closed vehicle that helped establish Altor's pan-European investment platform.
The fund pursued Altor's core strategy of acquiring majority stakes in medium-sized Nordic companies with revenues typically in the range of EUR 50 million to EUR 500 million. Altor Fund II targeted commercial products, industrials, business-to-business services, and consumer sectors, focusing on businesses with strong fundamentals, defensible market positions, and clear operational or strategic improvement potential. The fund made a total of 21 investments, deploying capital across Sweden, Denmark, Norway, and Finland, with a focus on market-leading companies benefiting from structural tailwinds in the Nordic economies.
Altor Fund II has made a significant contribution to Altor's long-term track record and helped the firm build the operational expertise and GP relationships that underpin its subsequent larger vehicles, including Altor Fund III (EUR 2 billion, 2009), Altor Fund IV (EUR 2 billion, 2014), Altor Fund V, Altor Fund VI (EUR 3 billion, 2024), and Altor ACT I (EUR 1.1 billion, 2024). Altor Equity Partners, founded in 2003 by Harald Mix and a team of experienced investment professionals, has grown into one of the Nordic region's preeminent private equity firms, with over EUR 10 billion in cumulative capital raised and a long-standing focus on fundamental business improvement, earnings growth, and active portfolio stewardship.