Analysis: Can Norway recreate happiness in the global private equity industry?

Private equity managers are looking towards Oslo, hoping to find some signs of springtime. If Oljefondet starts investing in private equity, it could create some optimism among the players.
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: PR / Jan Bjarke Mindegaard
Flemming Højbo writes analyses for AMWatch about the Nordic asset and wealth management sector. Højbo was head of communications in the asset management industry for 15 years, and before that, he worked for 25 years as financial and business reporter and editor. | Photo: PR / Jan Bjarke Mindegaard
By Flemming Højbo

The first job held by Stephen A. Schwartzman, the man who would later become the king of private equity, was aboard a Norwegian tanker. There he learned about Norwegian assets such as Ringnes beer. And he benefited from Norwegian helpfulness when colleagues from the ship’s crew helped the then 18 year-old Schwartzman out of a fight in a Trinidad harbour.

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