Established in 2007, NAXS is an investment company listed on NASDAQ Stockholm. The company has historically focused on investments in private equity funds with a Nordic focus. 

In September 2025, an extraordinary general meeting resolved to amend the company’s investment mandate, enabling an orderly liquidation of its existing portfolio and the distribution of a significant portion of its cash holdings to shareholders by way of an extra dividend.

NAXS’s initial commitments

Apax Europe VIIEUR 15m
Celero Capital Fund (E)EUR 3.2m
Equip Capital Fund INOK 20m
Equip Capital SPV SCSpEUR 1.3m
JAB Consumer Fund GCB IIUSD 5m
JAB Consumer Fund GCB IIIEUR 5m
JAB Consumer Partners – JCP VEUR 5m
Mimir InvestSEK 50m
Mimir IndustriesSEK 75m
Nordic Capital XEUR 2m
Nordic Capital Evo Fund IEUR 1m
Valedo Partners Fund IISEK 65m

In addition, NAXS had at December 31, 2024, a commitment to 1 private equity fund that had exited all its portfolio companies and was in a dissolution process (Nordic Capital CV1).

Summary Financial Information

EquitySEK 812m
Equity/shareSEK 73.32
PE fund investments65% of equity
Other investments9% of equity
Net cash27% of equity

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Glossary

Buyout Carried Interest Cash & cash equivalents Cash & cash equivalents Cash per share Co-investment Commitment Current commitments Equity per share General Partner (GP) IRR (internal rate of return) J-curve Leverage Limited Partner (LP) Limited Partnership Management Fee Net asset value Net cash/Net debt Portfolio company Preferred return ROI (return on investment) Total assets Total exposure to private equity fund investments Vintage