Amundsen Investment Management

What Amundsen Investment Management does

Amundsen Investment Management is an independent equity investment firm founded in 2020 and headquartered in Paris, with a secondary office in Oslo. It operates as a French société par actions simplifiées (SAS) regulated by the Autorité des Marchés Financiers (AMF) as a portfolio management company under registration GP-21000002. The firm provides equity financing to companies seeking public listings and unlocks liquidity for historical shareholders, primarily through cornerstone or active participation in European IPOs and capital markets events, with a stated emphasis on energy transition issuers (e.g., Lhyfe, De Nora, Waga Energy). Distribution is direct: the firm accesses deal flow through its professional network of PE sponsors, banks, and exchanges rather than via third-party intermediaries.

The firm is co-founded and led by Per Einar Ellefsen (CEO) and Gautier Rousseau (CIO), both former senior portfolio managers at the Norwegian sovereign wealth fund (NBIM). The seven-person team combines NBIM portfolio management pedigree (notably a $700bn equity index oversight role and a 150-company ECM track record) with prior investment banking experience at Goldman Sachs, Morgan Stanley, BNP Paribas, and Credit Suisse, plus operational and quantitative trading backgrounds from Lyxor, BlueCrest, and ABC Arbitrage. There is no proprietary technology platform; the firm's competitive differentiation rests on team pedigree, exchange-level partnerships (founding partner of Euronext Tech Leaders, participant in Euronext IPOReady, speaker at LSEG and Deutsche Börse events), and a content engine built around the IPO Stories podcast (43+ episodes).

The revenue model is fee-based portfolio management under French AMF regulation, but AUM, fee schedules, and revenue figures are not publicly disclosed. The firm's stated share capital is €190,000, and no external funding rounds have been disclosed. Marketing and origination are driven by LinkedIn, the IPO Stories podcast, conference participation across Europe and the Gulf, and earned media (Financial Times co-authored columns, Bloomberg Opinion interviews).

Name

Amundsen Investment Management

Legal name

Amundsen Investment Management

Website

https://amundsen-im.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Amundsen Investment Management is an independent, AMF-regulated Paris-based equity investment firm that provides IPO equity financing and shareholder liquidity solutions, with a focus on European energy transition listings, serving companies going public and their existing shareholders.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Equity capital markets
• Portfolio management services
• IPO investing
• ECM equity financing
• Institutional asset management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Portfolio Management and Investment Advisory: Amundsen Investment Management generates revenue as a regulated portfolio management company (AMF-registered, GP-21000002), providing equity financing and investment management services to companies and investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Amundsen Investment Management is an independent investment firm that provides equity financing to promising companies through participation in IPOs and capital market events, and unlocks liquidity for their historical shareholders. Operating as an AMF-regulated portfolio management company, the firm invests as a cornerstone or active investor in IPOs and follow-on capital raises across European exchanges, with a particular focus on energy transition companies.

Product overview

Amundsen Investment Management is an independent investment firm that provides equity financing to promising companies and unlocks liquidity for their historical shareholders. The company operates as a portfolio management company regulated by the French Autorité des Marchés Financiers (AMF). Their primary offering is investment management services focused on IPO investments and equity capital markets activities, including providing capital to companies going public and supporting capital raises.

Differentiator

Problem solved

Functional benefit

Brands

• IPO Stories Podcast: A podcast series by Amundsen Investment Management featuring interviews with executives, investors, and advisors discussing IPO processes and experiences.

Products and services

• Equity Financing and IPO Investment Services

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Euronext IPOReady ProgramcoreStrategic or Co-development Partner · 31 January 2024Partnered with Euronext, Kepler Cheuvreux, and Crédit Agricole CIB in the IPOReady program, where Amundsen's CEO shared the public investor perspective on IPO success factors, dos and don'ts, and evaluation criteria with participating companies.
• Euronext Tech LeaderscoreStrategic or Co-development Partner · 22 November 2022Amundsen Investment Management is a founding partner of Euronext's Tech Leaders initiative, which aims to showcase and support the listing of technology companies on European stock exchanges. The firm actively participates in conferences and events organized under this initiative and contributes to helping tech companies navigate the IPO process.
• Societe Generale / The Galion ProjectminorGTM or Marketing PartnerParticipated in a roundtable on expectations of IPO investors organized by Societe Generale and The Galion Project in Paris. CIO Gautier Rousseau discussed with representatives from CDC Croissance, Aramis Group, and Criteo.
• LSEG (London Stock Exchange Group)minorGTM or Marketing PartnerInvited to speak at the London IPO Forum organized by LSEG, Bank of America, and Moelis & Company. CIO shared views on listing venue choice, ESG disclosures, and the role of cornerstone investors.
• Deutsche BörseminorGTM or Marketing PartnerInvited to Berlin by Deutsche Börse to share views on public market investors' expectations in an IPO, with German IPO candidates and advisors as audience.
• Rothschild & CominorGTM or Marketing PartnerCEO Per Einar Ellefsen joined Rothschild & Co for a panel discussion on the IPO process alongside François Wat, Pierre-Henri Chappaz, François Riahi, and Jacques-Aurélien Marcireau, organized in the context of Euronext's Techshare program.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Activa Capital: French mid-market private equity and capital markets investor. Comparable as a French-headquartered independent equity investor; Gautier Rousseau worked at Activa Capital prior to NBIM.
• Cobe Capital: Independent European equity investor focused on IPOs and capital markets events. Closest comparable as a similarly structured boutique IPO investor in continental Europe.

Broad incumbents

• BlueCrest Capital Management: UK-based hedge fund with ECM event-driven strategies. Comparable as an ECM-focused hedge fund employing former investment bank analysts; Christophe Martinez formerly worked at BlueCrest.
• Tikehau Capital: Paris-based asset management and investment firm with public equity and ECM capabilities. Comparable as a French-headquartered alternative asset manager participating in European capital markets.
• Eurazeo: Large European-listed investment firm with public equity and capital markets activities. Comparable as a French-rooted institutional investor in IPOs and equity capital markets.

Emerging players

• Andera Partners: French private equity and growth investor. Comparable as a French-headquartered independent investment firm active in equity financing for growth companies.
• Aramis Group: European online used-vehicle platform and publicly listed company. Comparable as a participant in the same Euronext IPO discussion circuit, including Galion Project roundtables cited by Amundsen IM.
• Eiffel Investment Group: Paris-based asset manager offering equity and credit strategies. Comparable as a French independent asset manager with public equity and listed-company engagement capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/amundsen-im/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Amundsen Investment Management