2024 in retrospect

Even though there is no sign of a summer slowdown, we’ve still taken a moment to pause (briefly) and look back.

With our AGMs behind us, we’ve reviewed what’s been accomplished in 2024 – thanks to the collaboration of our club members, investors, and partners.

A few facts from 2024:

• Advantage manages 4 club structures on behalf of ~25 Nordic institutions via the Nordic Investment Club and 4 PE fund-of-fund programs for +650 private investors, banks, and family offices Across the institutional clubs and the PE FoF programs, all funds made a profit, except 1 (due to early J curve effects)
• Club members had committed +2.1bn USD by the end of 2024, resulting in savings of 9m USD in management fees alone that year
  Add to this, the savings achieved from their participation in co-investments totalling 345m USD
• In addition, the first private credit club was established via the Nordic Investment Club platform – expanding the range of collaboration opportunities for institutional investors
  Infrastructure managers in our clubs delivered combined average returns of 11.9%
• PE managers in our FoF programs delivered combined average returns of 11.4%
• Out of the 13 commitments in our PE programs, all but 1 are above the median, and 8 are in the top IRR quartile (Cambridge Associates, Q2 2024)
• Portfolio earnings for Advantage reached 118 million USD, up 119% compared to 2023.

We’re proud of the progress and look forward to continuing to build the platform for the benefit of club members, investors, and collaboration partners alike. Even with a volatile global backdrop in early 2025, we see strong prospects for the year. 

Onwards!