The Services Industry Team is headed by Gaute Gillebo. The team comprises Fredrik T. Bysveen, Fredrik Kongsli, and Amol Judge.

The team seeks to invest in service companies with the following characteristics:

• Strong financial track record
• High share of recurring revenues and low churn
• Scalable business model
• Low customer concentration risk
• System value
• Strong market fundamentals
• Solid market position with high barriers to entry

The Services investment portfolio currently includes:

• Puzzel(Herkules III)
• Norsk Jernbanedrift (Herkules III)
• Seagull (Herkules IV)
• Eterni (Herkules IV)