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Wenaasgruppen
Wenaasgruppen traces to the workwear company Lars Wenaas established in 1931. The family office itself emerged later to manage the resulting fortune after the...
Wenaasgruppen
Wenaasgruppen traces to the workwear company Lars Wenaas established in 1931. The family office itself emerged later to manage the resulting fortune after the manufacturing operations matured. Lars Wenaas remains chairman and primary owner; siblings and children including Nils, Lillian and Sigmund Wenaas sit on the board. The office deploys capital across real estate, public equities and fixed income. Hotel assets form the core real-estate book and include the Radisson Blu Plaza Hotel in Oslo, the Radisson Collection Royal Hotel and AC Hotel Bella Sky in Copenhagen, plus properties in Hamburg, Frankfurt, Warsaw, Prague and Gran Canaria. The firm has executed direct sales of non-core assets, including the Russian hotel portfolio transferred to Cosmos Hotel Group in 2023 and Oppdal Skisenter sold to Alpinco in 2024. Geographic reach remains limited to Europe. Team size and additional offices are not publicly detailed. The firm maintains an asset-management portfolio in Norway alongside the hotel holdings. In 2024 it completed the transfer of Oppdal Skisenter, narrowing its operating footprint to the remaining hotel properties and listed securities. Ownership stays within the Wenaas family across generations, with board seats held by direct descendants. This closed structure limits external capital raises and keeps investment decisions inside the family.
General information
Firm type
Single Family Office
Year founded
1931
AUM
$1.9B (Altss estimate)
Location
Region
Europe
Country
Norway
City
Måndalen
Corporate office
Måndalen, Norway
Principals
Lars Wenaas
Chairman and primary owner
Nils Wenaas
Family Member
Trude Wenaas
Board member
Lillian Wenaas
Board member
Sigmund Wenaas
Family Member
Sector focus
Frequently asked questions
Who runs investment decisions at Wenaasgruppen?
Lars Wenaas serves as chairman and primary owner. Board members Lillian Wenaas and Trude Wenaas participate in oversight alongside other family members.
Does Wenaasgruppen participate in fund commitments or only direct deals?
The office favors direct ownership of hotel real estate and listed securities. No external fund commitments appear in disclosed holdings.
What investment stages does Wenaasgruppen typically target?
Holdings center on operating real estate, public equities and fixed-income instruments. The firm does not disclose venture or growth-stage activity.
Where does the underlying wealth come from?
The fortune originated from the workwear manufacturing business Lars Wenaas started in 1931.
How is Wenaasgruppen related to its hotel assets?
The office holds direct ownership of multiple Radisson-branded hotels across Europe and has sold selected portfolios when opportunities arose.
What is Wenaasgruppen's known posture on co-investments alongside external GPs?
No co-investment activity with external managers is recorded in available holdings.
Does Wenaasgruppen maintain philanthropic structures?
No separate philanthropic vehicles are disclosed in the research record.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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