Coeli

What Coeli does

Coeli is a privately held, partner-owned Swedish investment house founded in 1994 in Stockholm, operating today across four Swedish offices (Stockholm, Gothenburg, Malmö, Uppsala) plus a new Helsinki team established in 2026. The firm manages approximately 60–65 billion SEK in assets across public and private markets through its core operating subsidiaries: Coeli Asset Management AB (19 actively managed funds spanning equities, fixed income, hedge, multi-asset, private equity and real estate, run by partner-owned investment teams), Coeli Wealth Management AB (discretionary and advisory wealth management with a 5M SEK minimum, including family office services, tax and legal specialists, and generational planning), Coeli Investment AB (private equity and real estate investing, often as active owner alongside client capital), and Coeli Finance AB (a credit arm offering property loans, securities-backed credit and operating credits in the 10–200M SEK range, plus a Swedish retail savings account product with state deposit guarantee). Revenue is generated through a diversified mix of recurring fund management fees, transaction-based performance fees on private market funds, advisory fees, and net interest income from lending and savings float. Distribution is multi-channel and tailored to segment: face-to-face wealth advisory at four Swedish regional hubs, a dedicated institutional sales team, a self-service online portal (BankID-enabled) for retail savings and direct-to-consumer Access funds lowering the Nordic private markets minimum to 10,000 SEK, and curated investor networks (Coeli Investment Partners, Coeli Stella). The firm's core differentiator is its Coelimodellen — combining active fundamental management with access to unlisted PE and real estate — supported by network effects from a 4,000+ entrepreneur/investor ecosystem and consistent Euromoney Private Banking Award recognition (Best Wealth Manager, Best Family Office, and Best Nordic Alternative Investments Manager in 2025 and 2026).

Name

Coeli

Legal name

Coeli Group AB

Website

https://coeli.se

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Coeli is a privately held, partner-owned Swedish investment house founded in 1994, managing approximately 60–65 billion SEK across public and private markets through wealth advisory, active fund management, private equity/real estate, and credit lending for HNWI, family offices, institutions, and retail savers in the Nordics.

Ownership category

akta.pro rank

Product category

Asset and Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Short-Term Business Credit Institutions (6153), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)

akta.pro secondary industries

Specialty Finance / Structured Credit (FSANADAE), Real Estate Private Credit (CRE Debt) (FSANADAG), Balance-Sheet / Portfolio CRE Lending (FSALADAG), Private Credit — Structured Credit (CLOs, ABS, Private Securitizations) (FSAHAJAH)

Keywords

• Asset management services
• Wealth management advisory
• Private equity investments
• Family office services
• Alternative investments

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management Fees: Management fees from actively managed funds across equities, bonds, hedge, multi-asset, Private Equity and Real Estate. 19 funds currently managed with partner-owned investment teams.
2. Performance/Performance-based fees: Performance fees from alternative investment funds, particularly Private Equity and Real Estate investments with targeted 3-5x returns over 3-5 years
3. Wealth Management Advisory Fees: Discretionary and advisory wealth management services for affluent clients with minimum 5M SEK investable assets. Includes family office services, tax planning, generational planning.
4. Credit/Lending Income: Interest income from credit operations via Coeli Finance AB offering property loans (10-200M SEK), securities-backed loans, and operating credits
5. Savings Account Interest Spread: Interest spread on retail savings accounts (variable rate 2.30%, 3-month 2.65%, 6-month 2.60%, 12-month 2.60%) with government deposit guarantee

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Coeli is a Swedish partner-owned investment house managing approximately 60-65 billion SEK across public markets (equities, bonds, hedge, multi-asset funds) and private markets (Private Equity, Real Estate). It delivers wealth management and family office services for affluent clients with 5M+ SEK investable assets, runs 19 actively managed funds, and operates Coeli Finance for credit/lending and retail savings products.

Differentiator

Problem solved

Functional benefit

Brands

• Coeli Access: Funds offering diversified exposure to Private Equity and Real Estate for retail investors
• Coeli Investment Partners
• Coeli Stella
• Coeli Family Office
• Coeli Finance
• Coeli Real Estate

Products and services

• Coeli Access Funds (Private Equity Access & Real Estate Access) Retail-accessible evergreen and diversified funds offering exposure to Nordic Private Equity and Real Estate with a 10,000 SEK minimum investment, designed to bring previously institutional-only opportunities to private investors.
• Wealth Management and Family Office Services Discretionary and advisory wealth management services for affluent clients (5M+ SEK investable assets) with personalized advisory teams covering investment, tax planning, pension, lending, generational transfer, legal structure, and asset management specialists.
• Coeli Finance Credit Products Tailored credit solutions via Coeli Finance AB including property credits, securities-backed credits, and operating credits ranging from 10M to 200M SEK with 12-36 month terms on the Swedish market.
• Coeli Finance Sparkonto (Savings Accounts) Retail savings accounts offered through sparkonto.coeli.se with self-service BankID onboarding, variable and fixed interest rate options (2.30-2.65%), minimum deposits of 10,000-20,000 SEK, and Swedish state deposit guarantee up to 1,150,000 SEK per account holder.
• Coeli Frontier Markets Fund Active equity fund investing in frontier market equities, managed by Hans-Henrik Skov and James Bannan since 2014. Won the Thomson Reuters Lipper Fund Award 2018.
• Coeli Circulus Fund Active fund focusing on micro and small cap investments, managed since inception in August 2022 by a team of three (Christofer Halldin, Joakim By, Simon Park) recruited from Handelsbanken Fonder.
• Coeli European Fund European equity hedge fund managed by Mikael Petersson since 2017, drawing on his prior hedge fund experience at Lansdowne Partners and Kairos Investment Management in London.
• Coeli Frontier Markets Fixed Income Fund Frontier markets fixed income fund co-managed by Maciej Woznica and Lars Krabbe since 2021, drawing on combined Emerging Markets experience.
• Coeli Listed Real Estate Fund Listed real estate fund managed by Peter Norhammar, focusing on publicly traded real estate securities.
• Coeli Energy Opportunities Fund Energy sector fund founded and managed by Joel Etzler and Vidar Kalvoy with a long/short approach to global energy equities, leveraging their prior energy investment experience at Horizon Asset in London.
• Coeli Private Equity (Direct Investments) Direct unlisted Private Equity investments in Nordic companies, with co-investment opportunities and active ownership approach. Targeted 3-5x returns over 3-5 years with investments including Teqt Group, Fastighetsaktiebolaget Trappan, Generate Group, and Qflow.
• Coeli Social Infrastructure Investment platform focused on investment, development and long-term ownership of community properties (social infrastructure), launched by Coeli Real Estate as a new business area.
• Coeli Investment Academy Educational service within Coeli Family Office designed to educate the next generation on wealth management, complementing the firm's multi-generational advisory offering.

Quantifiable outcome

• Target 3-5x return on invested capital in 3-5 years for Private Equity investments
• +4 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Roleho PartnerscoreStrategic or Co-development Partner · 19 May 2026Helsingfors-based investment team focused on small cap buyouts within business services and industrials. Strategic partnership strengthening Coeli's Nordic private markets platform with local Finnish presence. Ambition to build the first genuinely Nordic PE company with roots in Finland.
• Coeli | Linx EquitycoreStrategic or Co-development PartnerInvestment team specializing in Nordic market investments in companies with good track records, strong cash flows and exceptional teams.
• Coeli | Roleho PartnerscoreStrategic or Co-development PartnerInvestment team with focus on small cap buyouts in Finland within business services and industrials.
• Downing Development CapitalminorStrategic or Co-development PartnerInvestment team partner for development capital investments.
• Aspira PartnersminorStrategic or Co-development PartnerInvestment team partner for select investment strategies.
• Coeli CG AdvisorycoreStrategic or Co-development PartnerInvestment team within Coeli's private equity operations providing advisory services.
• Global Impact Investment Network (GIIN)minorOthersCoeli is engaged in this network for development and collaboration in impact investing.
• Principles for Responsible Investment (PRI)minorOthersCoeli is a signatory to UN PRI for responsible investment.
• Global CompactminorOthersCoeli participates in UN Global Compact for sustainable business practices.
• Net Zero Asset Managers initiativeminorOthersCoeli committed to net zero emissions through this initiative.
• SwesifminorOthersSwedish sustainable finance platform for ESG investment collaboration.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• CapMan: Nordic private equity and real estate asset manager managing multiple alternative investment strategies. Comparable to Coeli's PE and RE operations, particularly in mid-market Nordic buyouts and value-add real estate.
• ODIN Fund Management: Norwegian independent asset manager focused on Nordic equities and fundamentals-driven active management. Comparable to Coeli on independent Nordic specialist positioning, partner-style culture, and emphasis on active management in Nordic markets.
• Carneo Asset Managers: Swedish independent asset manager with focus on alternatives and actively managed funds. Cited as prior employer of Coeli's institutional sales leadership, indicating direct overlap in Swedish institutional distribution and product mix.
• Pareto Asset Management: Nordic alternative asset manager with strong PE and credit capabilities serving institutional and HNWI clients. Closely comparable to Coeli across the alternative investments and Nordic PE/credit mandates.
• Alfred Berg Kapitalforvaltning: Nordic asset manager (part of BNP Paribas group) offering equity, fixed income, and alternative funds across the Nordics. Direct competitor in the institutional and wealth distribution segments that Coeli targets.
• Söderberg & Partners: Sweden's leading independent wealth advisory and asset manager with strong HNWI and institutional focus. Direct competitor to Coeli in the Swedish discretionary and advisory wealth management space with overlapping distribution and customer base.
• Catella AB: Nordic-focused asset manager and investment bank with significant real estate and alternatives exposure. Directly comparable to Coeli on RE investment management, alternative investments, and Nordic cross-border wealth distribution.

Broad incumbents

• Niam: Nordic real estate investment manager focused on institutional capital deployment. Former employer of Coeli's returning Director of Sales; comparable on Nordic RE institutional capital raising and partnership structures.
• Nordnet: Nordic digital wealth and savings platform offering retail and HNWI investment services. Adjacent competitor in the self-directed and low-cost segment overlapping with Coeli's retail savings offering and Access funds.
• Carnegie Private Banking: Swedish private banking arm of Carnegie Investment Bank offering wealth management and asset management to HNWI and family offices. Larger incumbent competing for the same HNWI/entrepreneur client base as Coeli's wealth management and Family Office.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/coeli

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Coeli