Concentric Team

Concentric Team

Concentric Team was established in London as a specialist investment and advisory firm by Kjartan Rist, a former General Partner at FSN Capital, where he led technology investments across Northern Europe. The firm's founding principle was to create a concentrated portfolio by aligning deeply with a small number of growth-stage companies, rather than managing a broad fund structure. Rist's investment philosophy emerged from his tenure at FSN Capital, where he focused on enterprise software and technology-enabled services, closing notable transactions in the Nordic region. Concentric Team targets growth equity and private equity investments in European technology companies, deploying capital through direct deals and structured co-investments. Its coverage spans enterprise software, fintech, and digital infrastructure, with a geographic focus on Northern Europe and the United Kingdom. The firm typically takes significant minority positions, offering capital alongside operational support to help management teams scale internationally. Confirmed portfolio engagements include indirect exposure to earlier-stage Nordic tech through Rist's FSN Capital legacy, though Concentric Team's own deal roster remains privately held without disclosed exits. Concentric Team operates from its London office with a compact investment team structured around its deal-by-deal model. The firm does not publish figures on committed capital or personnel count, though its architecture relies on a core partnership and a close network of institutional co-investors rather than a large in-house staff. There are no known adjacent vehicles such as philanthropic foundations or real-asset arms, and the firm has not publicly announced any operational events or fund closes in the last 24 months. Structurally, Concentric Team differs from standard European growth firms by rejecting a blind-pool fund model in favor of a deal-by-deal partnership with LPs — an architecture that aligns incentives but limits assets under management to what the principals can execute directly. This approach requires high conviction per investment and a deep operational toolkit, making the firm resemble a hybrid between an independent sponsor and a permanent capital vehicle, though without permanent capital's indefinite hold period.