# Wenaasgruppen

Wenaasgruppen is a Single Family Office based in Måndalen, Norway.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Måndalen, Norway
- **Region:** Europe
- **Address:** Måndalen, Norway
- **Founded:** 1931
- **Assets under management:** $1.9B (Altss estimate)
- **Website:** wenaasgruppen.no
- **LinkedIn:** https://www.linkedin.com/company/wenaasgruppen

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- PropTech
- Real Estate
- Industrial Tech
- FinTech
- Mobility & Transportation
- Sports & Wellness

## People

- Lars Wenaas — Chairman and primary owner
- Nils Wenaas — Family Member
- Trude Wenaas — Board member
- Lillian Wenaas — Board member
- Sigmund Wenaas — Family Member

## 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.

### 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.

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- [Beaird Harris](https://altss.com/profile/beaird-harris)
- [Private Advisory Group](https://altss.com/profile/private-advisory-group)

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Last updated: 2026-08-10T15:54:10.904Z

Canonical page: https://altss.com/profile/wenaasgruppen

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