About us

Argentum is an investor in private equity funds that primarily invest in small and mid cap.

Argentum is a specialized asset manager that has been dedicated to private equity since 2001. Our core expertise is evaluating and selecting private equity funds and fund managers, including both venture and buyout. We invest on behalf of the Norwegian state and professional investors, including pension funds, foundations and family offices.

Argentum’s goal is to maintain our position as the leading investment firm within private equity in Europe, with specialization in the mid-market in Western-Europe. Our 29 employees are based in Bergen and Oslo.

€ 3bn

Assets under management + uncalled committed capital per q2 2023, for all Argentum Assets Management’s investment programmes

Assets under management


Net IRR per Q1 2024 for Argentum Fondsinvesteringer

Average yearly return (after costs)

Our board

Argentum’s board consists of leading business profiles with extensive experience. From the left: Adele Bugge Norman Pran, Ottar Ertzeid, Karin S. Thorburn, Øyvind G. Schanke and Bjørn Erik Næss. Photo: Ilja C. Hendel.