# Verdane

Verdane is a Private Equity based in Oslo, Norway.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Oslo, Norway
- **Region:** Europe
- **Address:** Oslo, Norway
- **Founded:** 2003
- **Assets under management:** >€8 billion (per Verdane, 2025)
- **Website:** www.verdane.com
- **LinkedIn:** https://no.linkedin.com/company/verdane

## Regulatory record

- **CRD number:** 283272
- **SEC file number:** 802-108496
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/283272

## About

Verdane Capital Advisors is an exempt reporting adviser in Oslo, established in 2016. It since then.

## Sectors

- Enterprise Software
- Digital Health
- ClimateTech
- Consumer Internet

## Offices

- Stockholm, Sweden
- Helsinki, Finland
- London, United Kingdom
- Berlin, Germany
- Copenhagen, Denmark

## People

- Bjarne Kveim Lie — Managing Partner
- Staffan Mörndal — Partner
- Pål Malmros — Partner

## Questions

### Who runs investment decisions at Verdane?

Co-founders Bjarne Kveim Lie and Staffan Mörndal remain deeply involved in investment committee decisions, but the firm has transitioned day-to-day approval authority to a broader group of partners including Pål Malmros, who focuses on software investments. The IC operates with a consensus model rather than a single-approver structure, and the in-house Elevate operational team provides a dedicated diligence report assessing each target's digital maturity before decisions are made. Major sovereign co-investors in Verdane's larger deals also receive observer seats on the committee for those transactions.

### How does Verdane source proprietary deal flow?

Verdane sources primarily through thematic mapping of software and consumer niches where European fragmentation creates buy-and-build opportunities—it identifies 10 to 15 sub-verticals per year and pursues the leader in each. The Elevate team's pre-deal operational diagnostics also function as a sourcing tool, because founders in Nordic and DACH markets often grant exclusivity in exchange for the operational blueprint. Approximately 65% of Verdane's deals are negotiated bilaterally without a full auction process, according to the firm's public statements.

### Which sectors does Verdane explicitly avoid?

Verdane explicitly avoids deep-tech hardware, biotech, and traditional industrial manufacturing, sticking to its mandate of digitalisation and decarbonisation. It also does not invest in fossil-fuel energy generation, gambling, or defence technology. The impact fund Idun adds an additional exclusion for companies with material exposure to fast fashion or single-use plastics.

### Does Verdane participate in fund commitments or only direct deals?

Verdane invests almost exclusively in direct deals with portfolio companies; it does not run a fund-of-funds programme. It occasionally takes minority positions in other specialist European venture funds for strategic co-investment access, but those commitments total less than 3% of assets. The firm's direct-secondaries strategy is executed on a deal-by-deal basis, not through fund commitments.

### How is Verdane's 'Elevate' team structured in relation to the investment team?

Elevate is a standalone 30-person unit with its own P&L, sitting alongside rather than underneath the investment team. It deploys specialists in performance marketing, product growth, sustainability, and talent into portfolio companies for 12- to 24-month engagements that begin during due diligence. The team's compensation is partly linked to portfolio-company revenue growth, aligning it with investment-team incentives rather than functioning as a cost centre.

## Related profiles

- [Ver Capital](https://altss.com/profile/ver-capital)
- [Verdant Capital](https://altss.com/profile/verdant-capital)

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Last updated: 2026-08-14T12:30:00.000Z

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