– Axcel Elevate I launched fundraising in summer 2025 and has now successfully closed after an efficient process.
– Strong investor interest, with the majority of commitments coming from existing Axcel investors, highlighting continued support for Axcel’s platform and investment approach.
– The Elevate fund will focus on lower mid-market businesses across the Nordics, particularly in technology, business services, and healthcare, complementing Axcel’s mid-market funds.
– Christian Schmidt-Jacobsen, Co-Managing Partner and Head of Axcel Elevate, highlights that investor interest exceeded expectations and that Elevate allows investment in small and mid-sized Nordic companies outside the scope of mid-market funds.
– Christian Bamberger Bro, Co-Managing Partner, notes the strong backing from investors, reinforcing confidence in Axcel and the attractiveness of the Nordic lower mid-market, while broadening Axcel’s coverage across the full market spectrum.
– Axcel Elevate I follows Axcel VII, the firm’s latest mid-market fund, which closed at an oversubscribed hard cap of EUR 1.3 billion in 2023.
– Investor base for Elevate consists of leading Nordic and international investors, including pension funds, funds of funds, foundations, and family offices.
– Axcel Elevate is led by Christian Schmidt-Jacobsen, who will continue as Partner responsible for Elevate strategy, while Christian Bamberger Bro will become Managing Partner in the first half of 2026.
– Johan Lundén will join as Swedish Partner in Spring 2026, bringing 15 years of private equity experience, including roles at Trill Impact and Nordic Capital, and will be based in Stockholm.
– Team also includes Kasper Hoielt Xu Olesen and Jacob Drakenberg Walberg, both promoted to Partner earlier in 2025, who have been instrumental in multiple investments and exits.
– Elevate team is fully integrated into Axcel’s platform, benefiting from over 30 investment professionals and dedicated support functions for investor relations, finance, sustainability, and compliance.
