Home game Sweden
Until 15 years ago, firms would have not been able to onshore their funds in Sweden even if they wanted to. The relevant legislation did not exist.
Following the EU´s Parent-Subsidiary Directive, the regulator made some changes to the framework and today, firms can use the Aktiebolag, or AB, structure for their private equity funds.
“We have observed a trend for the last eight to 10 years whereby Swedish GPs increasingly onshore their funds in the country,” says Sten Tärnbro, head of public affairs and research at the Swedish Private Equity and Venture Capital Association (SVCA).