Paypal founder and KLP invest in new Nordic PE-fund

Peter Thiel has become a partner and advisor to a Norwegian private equity company which is expanding its mandate to invest in all Nordic countries. Pension company KLP also invests in the fund.

Photo: AP Photo/J. Scott Applewhite

Norwegian private equity firm Snö Ventures has obtained USD 100m for its new fund which will invest in tech companies across the Nordics.

Among the Nordic region’s investors are Norwegian state investment company Investinor and the country’s biggest pension company, KLP, writes Swedish daily Dagens Industri’s digital sister publication DI Digital. Another one of the investors is Paypal-founder Peter Thiel, who has also come on board as a strategic partner to Snö Ventures.

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