# Foundation Asset Management AB

Foundation Asset Management AB is a Single Family Office based in Valencia, Sweden.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Valencia, Sweden
- **Region:** Europe
- **Address:** Hamngatan 15, 8th Floor, 111 47, Stockholm, Sweden
- **Founded:** 2024
- **Assets under management:** Undisclosed
- **Website:** fam.se
- **LinkedIn:** https://n/A

## About

Foundation Asset Management AB was established to manage the assets and grant-making of the Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation, and the Marcus and Amalia Wallenberg Foundation. Marcus Wallenberg serves as chairman, with Jacob Wallenberg as vice chairman. The structure routes capital through wholly owned subsidiaries including FAM Förvaltning AB and Wallenberg Investments AB. The firm deploys across private equity, real estate, infrastructure, and natural resources. Confirmed holdings include 100 percent of Kopparfors Skogar AB, which controls 228,000 hectares of productive forest in Sweden, and the Grand Hôtel Stockholm, Lydmar Hotel, and The Sparrow Hotel acquired in 2021. Public equity positions include 15.2 percent of SKF AB, 10.2 percent of Stora Enso Oyj, and 28.3 percent of Munters Group AB. Geographic reach covers Europe, North America, and Asia through both direct holdings and co-investments alongside Investor AB. The team oversees roughly 7,200 million USD in assets according to internal records. Additional vehicles include Navigare Ventures and Nineteen Private Capital. In March 2025 Jacob Wallenberg Jr. was proposed for the board of EQT AB, extending sixth-generation involvement in the family's listed and private platforms. The firm maintains no disclosed philanthropic separation beyond the three foundations it already administers. A core structural feature is the dual mandate of commercial ownership and foundation administration. This creates direct alignment between investment returns and research funding without external LP commitments or carried-interest vehicles. Governance flows through FAM AB board seats rather than advisory committees typical of multi-family offices.

## Sectors

- Private Equity
- Real Estate
- Infrastructure
- Natural Resources
- FinTech
- Energy Transition & Renewables
- Industrial Tech

## People

- Marcus Wallenberg — Chairman of FAM AB
- Jacob Wallenberg — Vice Chairman of FAM AB
- Håkan Buskhe — CEO of FAM AB

## Questions

### Who runs investment decisions at Foundation Asset Management AB?

Marcus Wallenberg chairs the board and Jacob Wallenberg serves as vice chairman. Håkan Buskhe acts as CEO. Decisions route through the FAM AB board and subsidiary entities.

### Does Foundation Asset Management AB participate in fund commitments or only direct deals?

The firm executes through direct ownership and wholly owned subsidiaries. It also holds co-investor positions alongside Investor AB in listed and private assets.

### What asset classes does Foundation Asset Management AB hold?

Holdings span public equities, private equity, real estate, infrastructure, and natural resources. Specific positions include SKF AB, Stora Enso Oyj, Kopparfors Skogar AB, and the Grand Hôtel Stockholm.

### Where does the underlying wealth originate?

Wealth traces to the Wallenberg family's industrial holdings built over generations, including stakes in SEB, Investor AB, and related operating companies.

### How is Foundation Asset Management AB related to Investor AB?

Investor AB functions as the publicly listed investment arm of the same family. FAM AB operates as the parallel vehicle for the three foundations and maintains co-investment ties.

### Does Foundation Asset Management AB maintain philanthropic structures?

It directly administers the Knut and Alice Wallenberg Foundation, the Marianne and Marcus Wallenberg Foundation, and the Marcus and Amalia Wallenberg Foundation. Grant activity focuses on research in natural sciences, technology, medicine, and social sciences.

### What is Foundation Asset Management AB's known posture on co-investments?

The firm co-invests with Investor AB and participates in club-style arrangements. It also holds 100 percent ownership in several operating subsidiaries including Kopparfors Skogar AB and Navigare Ventures.

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Last updated: 2026-06-03T20:00:00.000Z

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