Nysnø Fund LP Commitments
Backs Nordic and select international climate-focused venture and private equity funds as an anchor partner.
Nysnø Climate Investments takes LP positions in venture capital and private equity funds with a climate-technology focus, acting as anchor or co-anchor LP investor. Established in December 2017 as a 100% Norwegian state-owned company under the Ministry of Trade, Industry and Fisheries, Nysnø manages approximately NOK 5.5 billion in assets and deploys capital across both direct equity and fund LP commitments. The fund LP program targets climate-focused managers with a Nordic mandate and, in select cases, international funds where the climate impact case is compelling.
Recent LP commitments illustrate the program's scope: Startuplab Founders Fund V (pre-seed climate focus) received NOK 30 million in 2025, and ArcTern Ventures II (a Canadian climate-tech fund) received NOK 140 million in 2024 — the latter representing Nysnø's first international fund commitment. Inferred LP ticket sizes range from NOK 30 million to NOK 140 million per commitment. Target sectors for the underlying fund portfolios align with Nysnø's five formal mandate areas: clean energy, digital and enabling technologies, resource efficiency, sustainable demand, and circular economy.
Fund managers seeking an LP commitment from Nysnø must approach the investment team directly; there is no public RFP or formal application process. Outreach is conducted bilaterally through the contact form at nysnoinvest.no or via post@nysnoinvest.no. Nysnø operates from offices in Stavanger and Oslo. The fund does not disclose minimum fund size thresholds or stage requirements for LP applicants in its public materials.
LP commitments by Nysnø Climate Investments into climate-focused venture capital and private equity funds with a Nordic and select international mandate, acting as anchor or co-anchor investor.
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