Alfa manages a ISK 7 billion private equity fund launched in 2018. The fund invests in unlisted companies, usually as majority owner, and drives transformative growth in value. Our mission is that when we sell, the company is in better condition than when we bought it. Through our actions we aim to leave a positive footprint on the business environment.
The predecessor to Alfa was Icora Partners, which was founded in 2010 by Gunnar Pall Tryggvason and Fridrik Johannsson. Icora Partners worked primarily in Mergers & Acquisitions and restructuring in Iceland, Denmark, Latvia and Czech Republic. In the years 2010-2017 the team completed 20 projects with aggregate size of ISK 200 billion.
In the year 2018 the name was changed from Icora Partners to Alfa. This followed an strategic shift to alternative asset management and the raising of a ISK 7 billion private equity fund.