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Former Skagen CEO raises new seed fund: My personal income will plummet

He pulled in a monthly salary of NOK 1m as CEO of Skagen Fondene. At this stage, oil fund veteran Øyvind Schanke tightens the belt to create a new fund management company in Stavanger.

Øyvind G. Schanke has founded a new fund management company called 4D Venture Capital. | Photo: PR/Skagen Fondene

Over the past couple of years, influential investors from Stavanger has chased after state contributions for a new seed fund similar to what is seen in several Norwegian cities, according to Norwegian business daily Dagens Näringsliv.

This context has provided an opportunity for oil fund veteran Øyvind G. Schanke a year after his exit from Skagen Fondene in Stavanger.

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