Copenhagen · Growth–Late Stage · 7 people tracked
Investment thesis
Nordic Capital targets the global healthcare market, which it sees being reshaped by ageing populations, rising wealth in emerging markets, and trends toward patient-centrism, digitalisation, and innovation. It positions itself as one of the most active and experienced healthcare investors globally, investing across pharma, healthtech, medtech and life sciences, and healthcare services. The firm backs companies with strong innovation or value propositions and the potential to scale and expand into new markets, supporting growth and expansion agendas over multi-year ownership periods.
Source: firm website, verified Aug 25, 2026.
Team · 7 people
from the firm's website
What they invest in
from 6 of 10 portfolio companiesFintech ×3SaaS ×3AI & Machine Learning ×2Healthtech ×2Biotech ×1Cybersecurity ×1Data & Infrastructure ×1Hardware ×1
HQs:United Kingdom×1Sweden×1
Investments · 10 tracked
founders shown can be your intro pathBy year:2026 · 12024 · 12 dated
AniCura operates a network of nearly 500 veterinary clinics across 15 European countries, providing preventive, basic, and specialized animal healthcare including diagnostics, surgery, orthopaedics, rehabilitation, and dietary advice.
Healthtech
Healthcare portfolio company whose exit was announced in 2025, described as the largest complete healthcare private equity exit announced globally that year.
Pharmaceutical company that strengthened its late-stage pipeline with the acquisition of dersimelagon.
Macrobond provides a platform for accessing, discovering, and analyzing economic and financial market data, used by analysts and finance professionals for research and business intelligence.
Data & InfrastructureFintechSaaS
Co-investorsFrancisco Partners
Portfolio company taken public via IPO by Nordic Capital funds in 2025.
ProGlove makes wearable barcode-scanning devices paired with its INSIGHT analytics software (including Warehouse 360 and ActivityAI) that turn frontline worker motion data into real-time workflow guidance and operational insights.
HardwareIoTLogistics & Supply Chain
Co-investorsHCVCSummit PartnersTechFounders
Regnology provides regulatory reporting, risk management, and compliance technology for banks, financial institutions, and regulators/supervisors, including supervisory lifecycle automation and improved data quality.
AI & Machine LearningFintechSaaS
A construction waste management company that has digitalised the entire process from waste generation on-site through sorting, recycling, and sustainability reporting using smart technology, optimised logistics, BI analytics, and real-time reporting.
TradingHub provides trade surveillance and market abuse detection resources, including analysis of cross-product abuse in fixed income markets.
AI & Machine LearningCybersecurityFintechSaaS
Mike Coats(CEO)in
Co-investorsSummit Partners
Portfolio news
latest coverage across their companiesProGlove · finsmes.com · Jul 1, 2026
TradingHub · summitpartners.com · May 11, 2026
Macrobond · itdigest.com · Feb 5, 2026
Fund performance · per public LP disclosures · 18
as of Dec 2024| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Nordic Capital Evo II Beta SCSpLPs: Los Angeles City Employees' Retirement System | 2024 | — | — | 0.00x | — |
| Nordic Capital Fund XILPs: Washington State Investment Board, Minnesota State Board of Investment, Teachers' Retirement System of the City of New York +7 more | 2022 | — | 19.5% | 1.23x | 0.04x |
| Nordic Capital XILPs: New York City Employees' Retirement System, New York City Police Pension Fund, New York City Fire Department Pension Fund | 2022 | — | — | 1.23x | 0.00x |
| Nordic Capital XI Co-InvestLPs: New York City Employees' Retirement System, New York City Fire Department Pension Fund, New York City Board of Education Retirement System | 2022 | — | — | 1.39x | 0.00x |
| Nordic N11 Co-InvestmentLPs: New York City Police Pension Fund | 2022 | — | — | 1.39x | 0.03x |
| Nordic Bear SCSpLPs: California Public Employees' Retirement System | 2021 | — | 11.5% | 1.24x | 0.03x |
| Nordic Capital Fund X, L.P.LPs: Washington State Investment Board, Minnesota State Board of Investment, South Carolina Retirement System Investment Commission | 2021 | — | 14.2% | 1.50x | 0.20x |
| Nordic Capital Fund IX, L.P.LPs: Washington State Investment Board | 2019 | — | 15.7% | 1.80x | 0.59x |
| Nordic Capital CV1 Beta, L.P.LPs: Washington State Investment Board, Sjätte AP-fonden (AP6) | 2018 | — | 12.7% | 1.50x | 1.50x |
| Nordic Capital IX Beta, L.P.LPs: Minnesota State Board of Investment | 2017 | — | 15.0% | 1.79x | 0.60x |
| Nordic Capital Fund VIII, L.P.LPs: Washington State Investment Board, Minnesota State Board of Investment, Empire State Development – New York Ventures +2 more | 2013 | — | 12.4% | 1.61x | 1.32x |
| Nordic Capital VIIILPs: Oregon Public Employees Retirement System | 2013 | — | 15.3% | 1.70x | 1.70x |
| Nordic Capital Fund VII, L.P.LPs: Washington State Investment Board | 2008 | — | 5.2% | 1.30x | 1.32x |
| Nordic Capital VIILPs: Washington State Investment Board, New Mexico Public Employees Retirement Association, Employees' Retirement System of Rhode Island +1 more | 2008 | — | — | 1.38x | 1.38x |
| Nordic Capital Fund VI, L.P.LPs: Washington State Investment Board, Employees' Retirement System of Rhode Island | 2006 | — | 8.7% | 1.73x | 1.73x |
| Nordic Capital V, L.P.LPs: Washington State Investment Board, Employees' Retirement System of Rhode Island, Los Angeles City Employees' Retirement System | 2003 | — | 20.5% | 2.70x | 2.73x |
| Nordic Capital Fund IV, L.P.LPs: Washington State Investment Board | 2000 | — | 33.2% | 2.80x | 2.82x |
| Nordic Capital Fund III, L.P.LPs: Washington State Investment Board | 1998 | — | 31.3% | 3.60x | 3.57x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Nordic Capital made?
- Nordic Capital has 7 tracked investments.
- What stage does Nordic Capital invest at?
- Nordic Capital invests at the Growth, Late Stage stages.
- What sectors does Nordic Capital focus on?
- Nordic Capital focuses on Advanced Manufacturing, Biotech, Cleantech, Cybersecurity, Digital Health, Enterprise Software, Fintech, Healthtech, InsurTech, Logistics & Supply Chain, Medical Devices, SaaS.
- Where is Nordic Capital located?
- Nordic Capital is headquartered in Copenhagen, DK.
- Does Nordic Capital lead rounds?
- Yes, Nordic Capital leads investment rounds.
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