Private Equity

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Fagerberg & Dellby

Christina Fagerberg and Ulrika Dellby wound down their Stockholm private equity firm after delivering a near 20% annual net cash IRR to investors.

Fagerberg & Dellby logo

Fagerberg & Dellby

Fagerberg & Dellby was founded in Stockholm, Sweden, by its namesake principals Christina Fagerberg and Ulrika Dellby, alongside Kristina Kjellman. The firm pursued buyout, growth and early-stage investments, operating in a structure where the partners directly managed a concentrated portfolio of private companies. The firm's strategy spanned buyout, growth and early-stage startup investing across multiple cycles. It did not publicly disclose its portfolio beyond stating that all holdings have now been sold. The firm's website records a realized annual net cash IRR to investors of nearly 20% over its life, a figure that reflects the full exit of every portfolio company under management. Fagerberg & Dellby maintained its base in Stockholm. The firm is now in formal wind-down, having liquidated its entire portfolio. This process appears to have been managed directly by the three named contacts — Christina Fagerberg, Ulrika Dellby and Kristina Kjellman — without a disclosed broader investment team or additional office footprint. The firm's structural differentiator is its terminal nature. Fagerberg & Dellby chose to cease new investment activity and return all capital, rather than perpetuate a franchise through succession or a sale to a larger platform. This self-liquidation represents an explicit decision to close a successful track record at its peak rather than scale indefinitely.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Sweden

City

Stockholm

Corporate office

Stockholm, Sweden

Principals

Christina Fagerberg

Contact

Ulrika Dellby

Contact

Kristina Kjellman

Contact

Sector focus

Private Equity

Frequently asked questions

Is Fagerberg & Dellby still actively investing?

No. The firm states on its website that it is under wind-down and has sold all portfolio companies. No new investments are being made, and the firm is returning capital to investors.

What returns did Fagerberg & Dellby generate?

According to the firm's own website, it delivered an annual net cash IRR to investors of nearly 20% over its life as a private equity manager. This figure reflects fully realized exits across its entire portfolio.

What investment stages did Fagerberg & Dellby target?

The firm invested across buyout, growth and early-stage startup opportunities. It operated without a single-stage mandate, deploying capital where the partners saw value across the company lifecycle.

Who made investment decisions at Fagerberg & Dellby?

The named principals — Christina Fagerberg, Ulrika Dellby and Kristina Kjellman — appear to have run the firm, and by extension its investment decisions, directly. No separate investment committee or external advisors are disclosed.

Why did Fagerberg & Dellby wind down?

The firm has not publicly stated the reasons for its wind-down. Its website simply notes that the firm is under liquidation and has sold all portfolio companies, returning capital to investors at a near 20% annual net cash IRR.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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