# Trill Impact Advisory

Trill Impact Advisory is an Asset Manager based in New York, Sweden.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, Sweden
- **Region:** Europe
- **Address:** Stockholm, Sweden
- **Founded:** 2019
- **Assets under management:** $1.1B — $1.5B (Altss estimate)
- **Website:** trillimpact.com
- **LinkedIn:** https://www.linkedin.com/company/trill-impact/

## Regulatory record

- **CRD number:** 328179
- **SEC file number:** 801-129013
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328179

## About

TRILL IMPACT ADVISORY INC. is an SEC-registered investment adviser in NEW YORK, NY, registered since 2023. The firm manages approximately $348 million in regulatory assets. It has 5 employees and 4 investment advisers.

## Sectors

- Healthcare Services
- Enterprise Software
- Energy Transition & Renewables
- Industrial Tech
- Education

## Offices

- Munich, Germany
- Oslo, Norway
- Luxembourg City, Luxembourg

## People

- Jan Ståhlberg — Founder & Managing Partner
- Klas Johansson — Managing Partner
- Anders Blomqvist — Managing Partner

## Questions

### What gives the Impact Advisory Board authority over deal decisions?

The IAB operates with explicit veto power: it independently assesses each potential investment against the firm's predefined social and environmental KPIs, and can block a deal before it reaches the investment committee. The board is chaired by Lise Kingo, former CEO of the UN Global Compact, and includes external specialists in climate, health, and social equity. This structure makes Trill unusual among impact PE firms — impact isn't a scoring overlay but a binding governance gate.

### How does Trill Impact structure its fund?

Trill Impact Fund I, which closed at €900 million in 2021, operates as an Article 9 SFDR fund — the highest EU regulatory classification for sustainability-focused investment products. The fund targets 10–15 control or co-control buyout positions in Northern European mid-market companies alongside a separate venture allocation for earlier-stage impact technology businesses. The advisory arm also serves select institutional clients on an off-pool basis, but the majority of capital deployment runs through the commingled fund.

### What is Trill's relationship with EQT?

There is no ownership or affiliation link. Trill's three founding partners are former EQT professionals: Jan Ståhlberg spent over a decade as a Partner there, Klas Johansson served as co-Head of EQT's Equity business, and Anders Blomqvist was a Director. They left independently and raised Trill's debut fund from LP relationships built over their combined careers, but EQT holds no economic interest in Trill Impact Advisory.

### What investment stages and regions does Trill target?

Buyout deals are weighted toward control positions in mid-market companies across Western and Northern Europe — particularly Sweden, Denmark, Germany, and the Benelux countries — with a check size of roughly €50–150 million per platform. Venture capital allocations target Series A and B rounds across the Nordics and DACH with individual tickets from €10 million to €25 million. The strategy deliberately excludes sub-Saharan Africa and most Asian jurisdictions, concentrating on European markets where the regulatory environment aligns with Article 9 reporting requirements.

## Related profiles

- [TRIGOFI](https://altss.com/profile/trigofi)

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

Canonical page: https://altss.com/profile/trill-impact-advisory-inc

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