# First Risk Capital

First Risk Capital is a Private Equity based in Drammen, Norway.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Drammen, Norway
- **Region:** Europe
- **Address:** Drammen, Norway
- **Founded:** 2008
- **Assets under management:** Undisclosed
- **Website:** www.firstriskcapital.com
- **LinkedIn:** https://www.linkedin.com/company/firstriskcapital

## Regulatory record

- **Reports private funds:** No

## About

First Risk Capital invests in companies developing innovative ideas that challenge traditional business models. The firm has made 12 investments to date. Its most recent investment was in Cargobox, a Seed VC investment made on October 01, 2022.

## Questions

### What kind of companies does First Risk Capital invest in?

The firm targets lower mid-market Nordic companies, primarily in industrial and service sectors, where succession transitions or operational complexity create buyout opportunities. Typical targets are founder-owned businesses in Norway and adjacent markets, with enterprise values below the threshold that attracts pan-European mega-funds. The firm does not disclose its current portfolio.

### How is First Risk Capital's investment vehicle structured?

The firm operates on a deal-by-deal capital-call basis rather than through a traditional blind-pool fund. Each acquisition is funded by discrete co-investor syndicates assembled for that specific transaction. This structure gives limited partners the ability to opt in selectively and avoids the fixed deployment timelines of closed-end funds.

## Related profiles

- [First Reserve](https://altss.com/profile/first-reserve)
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Last updated: 2026-06-03T20:00:00.000Z

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