CAPITAL FOUR AIFM A/S

Chief Investment Officer Björn Hallberg oversees portfolio management across all strategies. He is supported by a senior team of portfolio managers based in Copenhagen, Stockholm, and Frankfurt who specialize in high-yield, leveraged loans, and private debt. The firm’s partnership group, which includes CEO Sandro Näf and CFO Mikael af Ekenstam, sets the overall risk and allocation framework.

The firm sources through long-standing relationships with European private equity sponsors, leveraged-finance desks at major investment banks, and Nordic corporate networks. Its private debt team relies on a blend of intermediary-led introductions and direct origination from the firm’s local office presence in Scandinavia and Germany. The public-credit trading desks additionally provide visibility into stressed or mispriced situations that can inform private deal pipelines.

Capital Four operates exclusively as a manager of its own commingled funds and separately managed accounts; it does not allocate capital to third-party funds. The firm’s investment vehicles span open-ended liquid credit funds and closed-ended private debt funds.

The firm targets established middle-market and large-cap European companies, not venture or early-stage businesses. Its private debt strategy focuses on senior secured loans for buyouts, acquisitions, and refinancings, while its liquid strategies trade performing high-yield bonds and leveraged loans across the full spectrum of European sub-investment-grade issuers.

Capital Four is an independent asset manager, not a family office or a venture firm. It was founded as a partnership by former Nordea credit professionals and manages institutional capital on behalf of external pension funds, insurers, and other asset owners.