# CAPITAL FOUR AIFM A/S

CAPITAL FOUR AIFM A/S is an Asset Manager based in Copenhagen, Copenhagen, Denmark.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Copenhagen, Copenhagen, Denmark
- **Region:** Europe
- **Address:** Copenhagen, Denmark
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** capital-four.com

## Regulatory record

- **CRD number:** 305862
- **SEC file number:** 802-132314
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/305862

## About

Capital Four AIFM A/S is an exempt reporting adviser in Copenhagen, established in 2025. It is headquartered in Copenhagen.

## Sectors

- Private Credit
- Leveraged Loans
- High Yield Bonds
- Structured Credit

## People

- Sandro Näf — Chief Executive Officer
- Björn Hallberg — Chief Investment Officer, Partner
- Mikael af Ekenstam — Chief Financial Officer, Partner

## Questions

### Who runs investment decisions at Capital Four?

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.

### How does Capital Four source proprietary deal flow?

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.

### Does Capital Four participate in fund commitments or only direct deals?

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.

### What investment stages does Capital Four typically target?

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.

## Related profiles

- [Capital Asset Management](https://altss.com/profile/capital-asset-management-llc)
- [Capital International](https://altss.com/profile/capital-international-inc)

---

Last updated: 2026-08-14T12:30:00.000Z

Canonical page: https://altss.com/profile/capital-four-aifm-as

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology