Fair value volatility in portfolio holdings
Listed holdings are marked to market and unlisted holdings are valued using judgment-based methods.
- Scope
- Portfolio valuation
- Materiality
- high
First Venture Sweden
First Venture Sweden AB is a Stockholm-based investment company that builds a portfolio of growth businesses in technology, health and sustainability. It invests in both unlisted and listed companies and acts as an active, long-term owner alongside the entrepreneurs behind its portfolio holdings.
| % | |
|---|---|
| Unlisted growth investments | 55% Equity investments in private portfolio companies with growth potential. |
| Listed equity investments | 30% Holdings in publicly traded growth companies valued through market prices. |
| Portfolio support and active ownership | 15% Strategic involvement with portfolio companies through close collaboration with management teams. |
First Venture does not sell products to end customers; its capital is deployed into entrepreneurial teams and growth...
- Entrepreneurial growth companiesprimary
Private companies in technology, health and sustainability that receive equity capital and strategic support.
- Listed growth companiessecondary
Publicly traded holdings that First Venture owns as part of its investment portfolio.
- Entrepreneurial teamsprimary
Founders and management teams that partner with First Venture for long-term ownership and guidance.
The company is headquartered in Stockholm and operates as a Swedish investment company...
- •Headquartered in Stockholm, Sweden
- •Operates as a Swedish listed investment company
- •Portfolio exposure is driven by holdings, not physical operations
- •Listed on Nasdaq First North Growth Market
- •Geographic risk depends on where portfolio companies operate
First Venture focuses on backing strong entrepreneurial teams in technology, health and sustainability, with a mix of...
01
Invest in growth companies across selected themesmedium-term
Focus narrows the opportunity set to sectors where the firm believes it can add capital and ownership support.
02
Maintain active ownership in portfolio companiesmedium-term
Close collaboration with entrepreneurs can improve strategic execution and portfolio company development.
03
Balance listed and unlisted holdingslong-term
A mixed portfolio can diversify exposure between private-company upside and public-market liquidity.
The business is exposed to valuation swings in both private and public holdings, since portfolio value depends on...
Concentration risk
An investment company can have meaningful exposure to a limited number of holdings.
- Scope
- Portfolio construction
- Materiality
- high
Execution risk in portfolio companies
Returns depend on the ability of entrepreneurial teams to grow and scale businesses.
- Scope
- Private growth investments
- Materiality
- medium
Fair value measurement of unlisted investments
Portfolio valuation
Market pricing of listed holdings
Income statement and balance sheet
Related-party consulting arrangements
Operating expenses
: 11/08/2026