Clients Kapitalförvaltning
Cliens Kapitalförvaltning is a partner-owned, independent Swedish fund manager in Stockholm operating nine actively managed equity, balanced, and fixed income funds plus discretionary mandates, serving retail savers, wealthy individuals, and institutional investors across roughly SEK 40 billion in AUM.
- Company typePrivate
- Founded2011
- HeadquartersStockholm, Sweden
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Clients Kapitalförvaltning does
Cliens Kapitalförvaltning AB is a partner-owned, independent Swedish fund management company headquartered in Stockholm, founded in 2011 and operating with 28 employees. The firm manages approximately SEK 40 billion (≈EUR 3.6 billion) in assets across nine actively managed investment funds and discretionary mandates. Its product set comprises six equity funds (Cliens Sverige, Sverige Fokus, Småbolag, Small & Micro Cap, Micro Cap, Global Småbolag), one balanced fund (Mixfond), and two fixed income funds (Företagsobligationer, FRN Företagsobligationer), with concentrated portfolios of 20-50 holdings built on fundamental analysis of quality companies. The firm also provides discretionary portfolio management for wealthy private individuals (minimum ~SEK 25-150 million) and institutional mandates for approximately 35-100 professional investors including insurance companies, regions, municipalities, pension foundations, church organizations, and trade unions.
Revenue is generated primarily through recurring management fees on assets under management (typically 0.09% to 1.50% depending on share class and fund), supplemented by performance fees of 10-15% on outperformance versus benchmark for several share classes. The firm distributes through roughly 25+ partners across major Swedish banks (SEB, Swedbank, Handelsbanken, Danske Bank), online brokers (Avanza, Nordnet), insurance companies (Skandia, Folksam, SPP, Movestic), fund platforms (SAVR, Fondmarknaden, Montrose, Strivo), and the Swedish Pension Authority's PPM fondtorg. Cliens holds a Finansinspektionen fund management authorization, is a UNPRI signatory, and operates a proprietary sustainability assessment framework under which 26% of fund capital is invested in companies contributing to climate-related UN SDGs as of 2025 (up from 18% in 2022). Custodial and depository services are provided by SEB.
Clients Kapitalförvaltning firmographics
Firmographics- Name
- Clients Kapitalförvaltning
- Legal name
- Cliens Kapitalförvaltning AB
- Website
- https://cliens.se
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cliens Kapitalförvaltning is a partner-owned, independent Swedish fund manager in Stockholm operating nine actively managed equity, balanced, and fixed income funds plus discretionary mandates, serving retail savers, wealthy individuals, and institutional investors across roughly SEK 40 billion in AUM.
- Ownership category
- akta.pro rank
Where Clients Kapitalförvaltning is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices1 record
Markets served
Clients Kapitalförvaltning business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Fund Management Fees: Cliens generates revenue primarily through management fees charged on assets under management across its nine investment funds. Fees vary by share class and fund type, typically ranging from 0.09% to 1.50% annual management fee, with some classes including performance-based fees of 10-15% of returns exceeding a benchmark index.
- Performance Fees: Several fund share classes include a performance fee component, typically 10-15% of any outperformance relative to a relevant benchmark index, aligning manager incentives with investor returns.
- Discretionary Asset Management: The firm manages discretionary mandates for institutional clients and wealthy private individuals, with separate fee arrangements varying by size and complexity of the mandate. Minimum investment levels are approximately SEK 150 million for individual securities mandates and approximately SEK 25 million for fund-based discretionary management.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Cliens Sverige - Multiple share classes with different fee structures |
| Subscription | Annual | Cliens Sverige Fokus - Two share classes |
| Subscription | Annual | Cliens Småbolag - Multiple share classes |
| Subscription | Annual | Cliens Small & Micro Cap - Two share classes |
| Subscription | Annual | Cliens Micro Cap - Two share classes |
| Subscription | Annual | Cliens Global Småbolag - Two share classes |
| Subscription | Annual | Cliens Mixfond - Two share classes |
| Subscription | Annual | Cliens Företagsobligationer - Two share classes |
| Subscription | Annual | Cliens FRN Företagsobligationer - Reduced fee |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels5 records
Clients Kapitalförvaltning product offering
Product offeringCore offering
Cliens Kapitalförvaltning is an independent, partner-owned Swedish fund management company that manages nine actively managed investment funds spanning Swedish/Nordic equities, a balanced fund, and corporate bond funds, alongside discretionary portfolio management and dedicated institutional mandates. The firm invests primarily in quality companies with long-term growth through concentrated, conviction-based portfolios, using fundamental analysis and a UNPRI-aligned sustainability process. Total assets under management are approximately SEK 40 billion (around EUR 3.6 billion).
Product overview
Cliens Kapitalförvaltning is a partner-owned, independent Swedish fund management company offering nine actively managed investment funds alongside discretionary and institutional asset management services. The fund portfolio spans equity funds (Cliens Sverige, Cliens Sverige Fokus, Cliens Småbolag, Cliens Small & Micro Cap, Cliens Micro Cap, Cliens Global Småbolag), mixed/balanced funds (Cliens Mixfond), and fixed income funds (Cliens Företagsobligationer, Cliens FRN Företagsobligationer). The company manages approximately SEK 40 billion (3.6 billion EUR) across funds and discretionary mandates, primarily focused on Swedish and Nordic equity markets with additional global small-cap exposure.
Differentiator
Problem solved
Functional benefit
Products and services
- Cliens Sverige Actively managed Swedish equity fund investing in 25-40 handpicked stocks combining growth and quality across large and small Swedish companies, benchmarked against the SIX Return Index. Assets under management approximately SEK 8,350 million.
- Cliens Sverige Fokus Concentrated actively managed Swedish equity fund investing in 20-30 carefully selected quality companies with strong business models and attractive valuations. Assets under management approximately SEK 1,800 million.
- Cliens Småbolag Concentrated Swedish small-cap fund investing in 35-45 handpicked companies with proven business models, strong market positions and long-term growth potential, benchmarked against Carnegie Small Cap Return Index Sweden. Assets under management approximately SEK 2,120 million.
- Cliens Small & Micro Cap
Quantifiable outcome
- Cliens Sverige B: 1044.52% return since inception (2004-12-31) vs 894.74% for benchmark SIX Return Index
- +6 more outcomes
Companies that use Clients Kapitalförvaltning
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Clients Kapitalförvaltning technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Clients Kapitalförvaltning partnerships and signals
Strategic signalPartnerships
27 partnerships are on record, tiered core and minor.
- AvanzacoreMajor Swedish online broker that distributes all nine Cliens funds to retail customers. Customers can purchase and sell Cliens funds directly through Avanza's platform.
- NordnetcoreMajor Swedish online broker that distributes all nine Cliens funds to retail customers. Customers can purchase and sell Cliens funds directly through Nordnet's platform.
- SEBcoreSEB distributes Cliens funds through its banking platform, including SEB depå and SEB Pension & Försäkring, making funds available to SEB's extensive customer base in Sweden.
- SwedbankcoreSwedbank distributes Cliens funds through its banking platform and distribution network, serving retail and institutional customers across Sweden.
- HandelsbankencoreHandelsbanken distributes Cliens funds through its Swedish banking network and digital platforms.
- SkandiacoreSkandia distributes Cliens funds through its depå platform and Skandia Link, serving both retail and institutional customers.
- Danske BankminorDanske Bank distributes certain Cliens funds to its Swedish retail and private banking customers.
- FolksamminorFolksam distributes selected Cliens funds to its insurance and savings customers.
- SPPminorSPP distributes selected Cliens funds through its SPP platform and SPP Distributörsplattform.
- SAVRminorSAVR is a fund boutique platform that distributes Cliens Företagsobligationer among other funds.
- Länsförsäkringar BankminorLänsförsäkringar Bank distributes selected Cliens funds to its customers through its banking platform.
- Fondbolagens Förening (Swedish Investment Fund Association)minorCliens is a member of the Swedish Investment Fund Association (Fondbolagens Förening), which provides a code of conduct and guidelines that members must follow, including marketing guidelines developed in consultation with the Swedish Consumer Agency.
- UNPRI (UN Principles for Responsible Investment)coreCliens is a signatory to the UN Principles for Responsible Investment (UNPRI), committing to consider environmental, social, and governance factors in investment decisions. Signatories pledge to incorporate ESG issues into investment analysis and ownership practices.
- Skandinaviska Enskilda Banken AB (SEB)coreSEB serves as the depository institute (förvaringsinstitut) for all funds managed by Cliens, holding fund assets and providing custodial services as required by Swedish financial regulations.
- MontroseminorMontrose distributes selected Cliens funds including Cliens FRN Företagsobligationer through its platform.
- CarnegieminorCarnegie distributes selected Cliens funds through its Carnegie depå platform serving private banking customers.
- MovesticminorMovestic distributes selected Cliens funds through its platform to private individuals and institutional customers.
- FondmarknadenminorFondmarknaden is a fund marketplace distributing selected Cliens funds to its customers.
- AlpcotminorAlpcot distributes selected Cliens funds through its platform to Swedish investors.
- IndecapminorIndecap distributes selected Cliens funds through its platform.
- GarantumminorGarantum distributes selected Cliens funds through its platform including its wealth management services.
- Futur PensionminorFutur distributes selected Cliens funds to its pension and insurance customers.
- ÅlandsbankenminorÅlandsbanken distributes selected Cliens funds to its Swedish customers.
- Wictor Family OfficeminorWictor Family Office distributes selected Cliens funds to its high net worth clientele.
- Svenska FribrevsbolagetminorSvenska Fribrevsbolaget distributes selected Cliens funds to its customers.
- StrivominorStrivo distributes selected Cliens funds to its customers and also features Cliens portfolio managers on its Benchmark Live podcast.
- MaxfonderminorMaxfonder distributes selected Cliens funds through its platform.
Scale indicators15 records
Recent moves6 records
Expansion highlights5 records
Clients Kapitalförvaltning competitors and assessment
Company assessmentDirect peers
- Carnegie Fonder: Asset management arm of Carnegie Group offering Swedish/Nordic active equity and fixed income funds; directly comparable given overlapping fund range, distribution via major Swedish banks and platforms, and similar institutional client base.
- Lannebo Fonder: Independent Swedish active asset manager of comparable size offering a similar lineup of Swedish and Nordic equity funds plus mixed and fixed income products. Closely comparable because Cliens' current CEO Martin Öqvist previously served as CEO of Lannebo Fonder, and the firms compete head-to-head for Swedish retail and institutional mandates.
- Spiltan Fonder: Independent Swedish active asset manager with a similar active conviction-based philosophy, distributed across major Swedish platforms and competing directly with Cliens in the retail and small institutional segments.
- Enter Fonder: Swedish independent active asset manager focused on Nordic and small/mid-cap equity strategies with a comparable fund range and target customer base, competing directly with Cliens for retail and institutional Swedish mandates.
Emerging players
- East Capital: Nordic-headquartered active asset manager historically focused on emerging and frontier markets; relevant adjacency because it competes for similar institutional mandates and several Cliens team members previously worked at East Capital.
Regional players
- Alfred Berg Asset Management: Nordic active asset manager offering comparable equity and fixed income strategies across the region; relevant peer because it competes for Nordic institutional mandates though its primary footprint outside Sweden complements rather than directly overlaps Cliens' home market.
- ODIN Fonder: Norwegian active asset manager with comparable Nordic equity mandates and active conviction-based approach; relevant peer for Nordic institutional RFPs though headquartered in Norway rather than directly competing for Swedish retail flows.
Broad incumbents
- Swedbank Robur: Largest Swedish bank-owned asset manager with a broad active and passive fund range across equities, fixed income, and alternatives; competes for the same Swedish retail and institutional capital as Cliens but as part of a much wider product portfolio.
- Nordea Asset Management: Largest Nordic bank-owned asset manager with an extensive active and passive fund range across asset classes; competes broadly with Cliens for Nordic institutional and retail capital as a full-service incumbent.
- SEB Investment Management: Major Swedish bank-owned asset manager offering comprehensive active equity and fixed income strategies; comparable because SEB both distributes Cliens funds and competes for institutional and retail mandates with its own in-house products.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Clients Kapitalförvaltning social profiles
Digital presenceClients Kapitalförvaltning financial estimates
Financial estimateRevenue estimate
Valuation estimate
Clients Kapitalförvaltning leadership team
Management profileNumber of profiles
Profiles17 records
Clients Kapitalförvaltning funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Clients Kapitalförvaltning M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Clients Kapitalförvaltning
What does Clients Kapitalförvaltning do?
Cliens Kapitalförvaltning is an independent, partner-owned Swedish fund management company that manages nine actively managed investment funds spanning Swedish/Nordic equities, a balanced fund, and corporate bond funds, alongside discretionary portfolio management and dedicated institutional mandates. The firm invests primarily in quality companies with long-term growth through concentrated, conviction-based portfolios, using fundamental analysis and a UNPRI-aligned sustainability process. Total assets under management are approximately SEK 40 billion (around EUR 3.6 billion).
Is Clients Kapitalförvaltning a public or private company?
Clients Kapitalförvaltning is a private company. It is classified as management employee owned and is currently operating.
When was Clients Kapitalförvaltning founded?
Clients Kapitalförvaltning was founded in 2011. It employs 11 to 50 people.
Where is Clients Kapitalförvaltning based?
Clients Kapitalförvaltning is headquartered in Stockholm, Sweden, in the Europe region.
How does Clients Kapitalförvaltning make money?
Three revenue lines are on record. Fund Management Fees are the primary driver. The others are performance Fees and discretionary Asset Management.
Who are Clients Kapitalförvaltning's main competitors?
Direct peers on record are Carnegie Fonder, Lannebo Fonder, Spiltan Fonder and Enter Fonder. East Capital is listed as an emerging player. Regional players are Alfred Berg Asset Management and ODIN Fonder. Broad incumbents are Swedbank Robur, Nordea Asset Management and SEB Investment Management.
Does Clients Kapitalförvaltning have an API?
No public API is recorded for Clients Kapitalförvaltning.