# Askembla Asset Management

Askembla Asset Management is an Asset Manager based in Stockholm, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 1998
- **Assets under management:** Undisclosed
- **Website:** askembla.se

## Regulatory record

- **Reports private funds:** No

## About

The firm invests in growth companies in Central and Eastern Europe through private equity.

## Sectors

- Hedge Funds
- Private Credit
- Real Estate

## People

- Olle Schubert — Founder and Chief Investment Officer

## Questions

### Who runs investment decisions at Askembla Asset Management?

Olle Schubert, the founder, serves as Chief Investment Officer and exercises final authority over portfolio composition across both the liquid credit funds and the private real-estate lending book. The firm does not operate a separate investment committee of independent non-executives.

### How does Askembla source its corporate credit opportunities?

Origination is relationship-driven and concentrated in the Nordic mid-market. Schubert and his team engage directly with company management teams, private-equity sponsors, and regional banks that are selling loan portfolios to free up regulatory capital. The firm avoids heavily syndicated deals and relies on bilateral negotiation.

### Does Askembla manage permanent capital or only closed-end drawdown funds?

Askembla primarily manages closed-end credit funds with defined investment periods and lock-ups, not open-ended or permanent-capital vehicles. This structure matches the illiquid nature of its direct-lending and special-situations holdings, reducing the risk of forced selling during market dislocations.

### What is Askembla's known posture on co-investments alongside external managers?

The firm participates in club-style real-estate financings where it jointly underwrites property loans with other Nordic asset managers and family offices. In liquid credit, it has historically avoided fund-of-funds relationships in favor of building its own direct exposures.

### Which sectors does Askembla explicitly avoid?

Askembla does not invest in early-stage venture capital, growth-equity technology startups, or commodity futures. Its credit book stays within the Nordic and Northern European corporate and real-estate universe, and it has no history of distressed sovereign or emerging-markets exposure.

## Related profiles

- [Asia West](https://altss.com/profile/asia-west)
- [Aspen Grove Ventures](https://altss.com/profile/aspen-grove-ventures)

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Updated: 2026-06-03T20:00:00.000Z

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