Fidelio Capital Advisory

Mats Heiman, the founder, is the principal decision-maker. The firm describes a methodical approach where Heiman engages personally in each platform investment and often takes a board seat. A small internal team supports deal sourcing and portfolio oversight, but final allocation and structuring authority rests with Heiman.

The firm sources primarily through direct founder outreach, Nordic intermediary networks, and Heiman's personal relationships within the Swedish entrepreneurial community. Fidelio does not rely on broad auction processes and has indicated a preference for proprietary bilateral negotiations, particularly with retiring owner-operators seeking a long-term steward.

The firm has not publicly marketed itself as a co-investment partner for institutional funds. Where it has co-invested, the counterparties tend to be like-minded Nordic family offices rather than private equity houses. Fidelio's preference for permanent-hold structures limits alignment with GPs that operate on 5–7-year exit timelines.

Fidelio has not published an explicit exclusion list, but portfolio composition and deal history suggest avoidance of real estate development, pure-play commodities, and heavily regulated financial services. The firm favors sectors where technology integration and operational improvement can drive organic growth within a permanent-hold framework.