# Stella EOC Capital

Stella EOC Capital is an Insurance based in Stockholm, Sweden.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Stockholm, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** eoccapital.se
- **LinkedIn:** https://linkedin.com/company/stellaeoc

## Regulatory record

- **Reports private funds:** No

## About

Stella EOC Capital is a London-based insurance company. It oversees approximately $16.75 million in assets, primarily focused on the European market.

## Sectors

- Enterprise Software
- FinTech
- Media & Entertainment

## People

- Raymond Fröjd — Founding Partner
- Anders Brenner — Partner, Stella Capital
- Alf Thiel Metelius — Partner, Stella Capital
- Keith Fransson — Partner, Stella Capital
- Oskar Wimmerman — Partner, Stella Capital

## Questions

### Who runs investment decisions at Stella EOC Capital?

Raymond Fröjd, the founding partner, anchors the investment decision process. Fröjd currently operates as Managing Director at Houlihan Lokey while maintaining his role with Stella EOC, creating a direct line between M&A advisory and portfolio construction. The Stella Capital partnership — Anders Brenner, Alf Thiel Metelius, Keith Fransson, and Oskar Wimmerman — contributes to sourcing and evaluating deals, though the firm has not publicly disclosed a formal investment committee structure. Deals appear to be approved through partner consensus rather than a hierarchical CIO model.

### How does Stella EOC source proprietary deal flow?

Deal flow originates through the Stella Capital partnership's extended network of former telecom and technology executives — Alf Thiel Metelius was Head of Innovation at Tele2, while Anders Brenner ran Redeye, a Nordic equity research and investment banking boutique. The Nordic Angels network, where Metelius is an active mentor, provides early-stage visibility that generates follow-on opportunities. Co-investment relationships with Howzat Partners and Karl-Johan Persson's Philian Invest also surface deals through shared syndicate channels.

### Which sectors does Stella EOC explicitly avoid?

Stella EOC has not published a formal exclusion list, but its deal pattern shows concentration in enterprise software, fintech, and digital marketplaces. The firm does not appear to invest in biotech, hard-tech, or capital-intensive infrastructure projects, which aligns with the risk appetite of insurance-linked capital preferring asset-light, recurring-revenue models. No energy, mining, or heavy industrial positions have been publicly disclosed.

### How does insurance-linked capital change Stella EOC's investment behavior?

Insurance-linked capital carries long-duration liability matching requirements, which means Stella EOC can hold positions beyond the 10-year lifecycle that constrains standard venture funds. The firm does not face redemption pressure from external LPs and can structure exits around strategic M&A timing rather than fund-maturity deadlines. This capital structure also reduces the urgency to deploy on a fixed schedule, allowing the partnership to be highly selective in deal pacing.

### How is Stella EOC related to Houlihan Lokey?

Founding partner Raymond Fröjd serves as Managing Director at Houlihan Lokey, the global investment bank. While Stella EOC and Houlihan Lokey are separate entities, the personnel overlap creates an informal bridge between portfolio company M&A advisory and investment decision-making. The firm has not disclosed whether Houlihan Lokey provides formal services to Stella EOC or its portfolio companies.

## Related profiles

- [Stella Capital](https://altss.com/profile/stella-capital)
- [Stella Kapitalförvaltning](https://altss.com/profile/stella-kapitalf-rvaltning)

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

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