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After two-year runup: Former oil fund profiles swallow Nordic manager and are finally ready to invest

Two years after hiring the former CEO of Norway’s oil fund, Yngve Slyngstad and announcing a huge bet on asset management, Industry Capital Partners still hasn’t raised a single Norwegian krone.
The former CEO of Norges Bank Investment Management (NBIM), Yngve Slyngstad has been Managing Partner of ICP for the last two years. | Photo: PR/Aker ASA
The former CEO of Norges Bank Investment Management (NBIM), Yngve Slyngstad has been Managing Partner of ICP for the last two years. | Photo: PR/Aker ASA
by PHILIP MADSEN

Industry Capital Partners (ICP), the asset management arm of Norwegian energy conglomerate Aker ASA, has acquired full ownership of the Nordic asset manager, Norron Asset Management.

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