"We are seeing growing interest from our investors and have been looking for the right person to help scale our organization. With a background in fund administration, auditing, and corporate finance, Tobias has relevant experience that fits Credo very well. His financial leadership will be important as we continue to strengthen our platform and continue to modernize Credo into a scalable investment institution", says Gudmund Killi, Managing Partner of Credo Partners.
Appointment of CFO reflects strong momentum in the Nordic market
Fyen brings extensive experience from finance and private equity. He joins Credo from the role of CFO at Permian Group, where he has worked closely with private equity funds across the Nordics, giving him valuable insight into the operational and regulatory complexities of fund management. Earlier, he worked at KPMG with abroad portfolio of clients in banking and finance.
"I am very excited to join Credo at this important stage in its growth and development. Credo has established itself as a leading player in the Nordic lower mid-market, with a clear operational approach and strong investor backing. With Fund III nearing NOK 1 billion and a portfolio of highly promising companies, I look forward to contributing to scaling the platform and supporting our investments in achieving their full potential", says Tobias Fyen, CFO of Credo Partners.
Together with Managing Partner Gudmund Killi, Fyen will lead efforts to optimize Credo’s operations, strengthen internal processes, and advance the firm’s growth strategy by identifying and executing on new accretive investments.
Near final closing of Credo III and strong pipeline
The appointment of Fyen follows a period of strong momentum for Credo. The firm recently expanded its footprint with a new office in Aarhus, Denmark, and will continue strengthening its team with new resources during the fall.
"With Credo III expected to close this fall, we are further strengthening our focus on B2B services and technology in Scandinavia. A strong pipeline underlines our confidence in both strategy and timing. By taking a hands-on approach and targeting niche markets, we can direct resources where they matter most, helping our portfolio companies strengthen their positions and often grow into new market leaders", Killi adds.
Credo’s investment strategy focuses particularly B2B technology and services, supporting companies with strong growth potential and helping them scale into leaders within their sectors. This sector focus allows Credo to leverage operational expertise and networks to create value across its portfolio.
