3

active funds

22

platform investments

8.4 bn

SEK raised since start

11

successful exits

90+

add-on acquisitions

3 bn

SEK in revenue

12

companies

Article 9

for all funds

Alder is a Nordic investment fund focused on acquiring, growing and strengthening technology companies that enable more resource-efficient industrial systems. Through our investment focus, we aim to develop businesses that advance global climate and environmental goals.

Alder’s four partners each bring extensive experience of working with entrepreneurial founders and growing companies within a broad range of industries. Our collaboration was founded on a shared vision from the outset. Supported by our skilled team of investment and sustainability professionals, we take our portfolio companies to the next level. Just like the companies we invest in, we simply do what we do best.

It all started with a conversation. Back in 2008, our founding partners agreed that, as the planet faces increasing climate instability, resource constraints and biodiversity loss, the need for more efficient, resilient and future-focused industries is urgent.

We started Alder on the conviction that the companies best positioned to enable and succeed in this transition are those that simultaneously aim to solve industrial and environmental challenges. And we found that many of the companies at the forefront of technological development can be found in the Nordics.

The name Alder originates from Old English, referring to the alder tree. The tree is a pioneer species, among the first to establish itself when new soil forms, and its intricate root system and nitrogen-fixing properties improve soil fertility and prevent erosion. The tree, and our name, symbolise strength, resilience and a connection to nature.

Since establishing, we have raised capital for four funds:

Alder Fund I: Established in 2010 and, until its closure in 2025, was invested in nine companies.

Alder Fund II: Established in 2018, it has been fully invested in eight companies.

Alder Fund III: Established in 2023 and is currently being deployed.

Alder Strategic Opportunities Fund I: Established 2026 and is a continuation vehicle with two assets.

Our investments focus on established companies with positive cash flows, substantial growth potential, and those that meet our requirements for enabling more resource-efficient industries. Alder invests primarily as a majority shareholder in companies established in the Nordic region, as well as in selective investments in the rest of Europe.

Our investments fall under four themes:

  1. Care of Natural Resources: Emissions control, water management, agriculture & forestry, waste management, and carbon sources & sinks
  2. Building Efficiency: Urban planning, construction & renovation, and usage & preservation
  3. Intelligent Infrastructure: Renewable energy, energy storage & distribution, transport & mobility, transportation of goods, and technology solutions
  4. Sustainable Industry: Efficient manufacturing, green materials, circular processes, and digital industry

As active owners, we offer experience, capital and access to a broad network of experts to strengthen company boards. We provide strategic advice on financial growth, roadmaps to reduce negative environmental impacts and strategies to increase positive impact.

Alder aims to develop and expand its portfolio companies together with their management and boards, striving to create long-term value for investors, employees, customers and other stakeholders. Development includes:

  • Geographical expansion
  • Product development
  • Methods to measure and increase positive impact and strategies to reduce negative impact
  • Acquisition of add-on businesses or technologies
  • Efficient internal processes

Alder manages investment funds with a clear sustainability focus. All active funds are classified as SFDR Article 9 and are designed to invest in companies that contribute positively to environmental sustainability through their core business activities.

Each fund has a defined sustainable investment objective and follows a disciplined investment approach, supported by active ownership and close collaboration with portfolio company boards and management teams.

Below we present our active funds. Detailed sustainability-related disclosures in accordance with SFDR, including Article 10 disclosures and Principal Adverse Impact statements, are available in Policies & Documents and through the respective investor portals.


Alder Strategic Opportunities Fund 1 (SOF)

Vintage year: 2026
Fund size: SEK 2,738 million
Market: Mainly the Nordics, with a focus on small and mid-sized companies

Sustainable investment objective
To own and develop companies that contribute to the sustainable development of the environment by delivering technologies and solutions that improve safety, energy efficiency and resource efficiency in buildings and industrial environments, thereby enabling measurable environmental benefits.


Alder III

Vintage year: 2023
Fund size: SEK 3,061 million
Market: Primarily the Nordics, with a focus on small and mid‑sized companies

Sustainable investment objective
To own and develop companies that contribute to the sustainable development of the environment by reducing environmental impact through improved resource efficiency, reduced emissions to air and water, and reduced waste, in line with relevant sustainability objectives.


Alder II

Vintage year: 2018
Fund size: SEK 1,528 million
Market: Primarily the Nordics

Sustainable investment objective
To own and develop companies that contribute to the sustainable development of the environment by delivering measurable reductions in energy and resource use, emissions and waste through their products, services or technologies.

Learn more

Review our policies, reports and formal documentation in Policies  & Documents