Liberatio Family Office

About Liberatio Family Office

Liberatio A/S (Liberatio Family Office) is a Danish single-family office headquartered at Nybrogade 12 in Copenhagen. The legal entity was registered in 2005 but the family office in its current form took its principal shape after Allan Søgaard Larsen stepped down as CEO of Falck in 2015 and consolidated investment activity through the vehicle with Morten R. Pedersen. Lars Toft Larsen has served as Managing Director since 2019. Assets under management are not directly disclosed by primary sources, with third-party industry directories citing approximately USD 500 million as an unverified figure not corroborated by Liberatio own communications or audited regulatory filings. The structure is a single-family office operating direct investments off balance sheet, supplemented by stakes in regulated investment platforms. There are no third-party-managed funds; Liberatio is a direct-investment family office with ownership held through multiple SPV holding companies. Principals are Allan Søgaard Larsen (former Falck CEO and co-owner) and Morten R. Pedersen (former Falck executive and co-owner), supported by a family office team of approximately six.

Investment thesis

Liberatio Family Office pursues long-duration direct investment from permanent family capital with no exit horizon. The firm takes significant minority and majority positions and operates through active board engagement rather than passive portfolio holdings. Sector focus covers three declared mandate areas: welfare services covering services for vulnerable populations, social care and refugee operations, financial services covering regulated investment platforms and fintech enablement, and green transition covering climate-positive industrial and consumer businesses. Geographic scope is Denmark-primary with selective international exposure aligned with mandate, with investments typically in Danish-headquartered or Nordic-operating companies. Ticket size is not formally disclosed; from disclosed positions cheques likely range from DKK 50 million to several hundred million per platform. The capital base is the Søgaard Larsen and Pedersen family wealth as permanent capital with no external limited partners. Value creation operates through active majority and co-control ownership with hands-on board governance, with Allan Søgaard Larsen serving as Chairman of DUOS Gruppen.

Recent activity

Portfolio holdings include Falck A/S in emergency services and healthcare (10-percent-plus co-ownership through Liberatio A/S, ongoing), DUOS Gruppen A/S in welfare services (55-percent controlling stake), Norm Invest Fondsmæglerselskab A/S in financial services and wealth management (majority shareholder, 2023) and Practio in healthcare services. No exits have been disclosed. Liberatio operates as an evergreen permanent-capital vehicle and the family office model does not target traditional exits, with no realisations surfaced in primary sources. The platform continues to deploy across welfare services, financial services and green transition with hands-on board governance and multi-decade ownership horizons. Detailed buyer names and multiple data available on Pro at €49/month.