What investment strategy does Nordwind Growth focus on?

Nordwind Growth focuses on Growth, Buyout strategies in the private equity space.

How many portfolio companies does Nordwind Growth have?

Nordwind Growth has 10 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.

Where is Nordwind Growth headquartered?

Nordwind Growth is headquartered in Munich, Germany.

What is Nordwind Growth's assets under management?

Nordwind Growth manages approximately €500M in assets under management.

When was Nordwind Growth founded?

Nordwind Growth was founded in 2012.

What sectors does Nordwind Growth invest in?

Nordwind Growth invests across Software, TMT, Industrials, Consumer.

What are Nordwind Growth's recent exits?

Recent realized exits by Nordwind Growth include: Saal Digital (2019) to Ardian.

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Nordwind Growth

Munich, Germany·Founded 2012·

Growth Equity Buyout

·nordwindgrowth.de

Nordwind Growth, formerly Nordwind Capital, is a Munich-based growth and small-mid buyout investor founded in 2012 that backs high-growth technology companies in Germany, Austria and Switzerland. It historically invested deal-by-deal in majority buyouts alongside entrepreneurs and industrial families before raising its first institutional vehicle, the EUR 145 million NC Growth Fund I, which closed near its hard cap in November 2023. The firm writes equity tickets of roughly EUR 10-40 million per transaction across software, hardware, technology-enabled services, media and e-commerce, and manages around EUR 500 million in aggregate.

AUM

€500M

Funds

vintages 2022

Portfolio

Exits

Nordwind Growth is a Munich growth equity firm with €500M AUM, 10 active companies and 1 exit.

SectorsSoftware TMT Industrials Consumer

Sector breakdown

11 companies

SaaS

4 · 36%

Consumer

2 · 18%

Industrials

1 · 9%

AI/ML

1 · 9%

Cybersecurity

1 · 9%

Deep Tech

1 · 9%

Data & Analytics

1 · 9%

Geography breakdown

2 geographies

Germany

9 · 82%

Austria

2 · 18%

Key facts

HQMunich, Germany

Founded2012

Employees9+

Websitenordwindgrowth.de

Recent exits

Nordwind Growth sold Saal Digital to Ardian in 2019 after 5 years.

Coverage notes

1 fund tracked, 11 portfolio companies (10 active · 1 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Nordwind Growth has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

NC Growth Fund I

Growth2022€145M10 assets1 exits

Growth

2022 · 4yr

€145M

Unrealized

10 held

Company	Entry
Additive Scale Industrials · Germany	2025
aimpower AI/ML · Germany	2023
DriveLock Cybersecurity · Germany	2015
Enpulsion Deep Tech · Austria	2026
Pimcore Data & Analytics · Austria	2022
Productsup SaaS · Germany	2017
smapOne SaaS · Germany	2021
Stackfield SaaS · Germany	2024
trbo SaaS · Germany	2020
You Mawo Consumer · Germany	2025

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
Saal Digital Consumer · Germany	2014	2019	Secondary	Ardian	–

Frequently asked questions

What investment strategy does Nordwind Growth focus on?: Nordwind Growth focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does Nordwind Growth have?: Nordwind Growth has 10 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.
Where is Nordwind Growth headquartered?: Nordwind Growth is headquartered in Munich, Germany.
What is Nordwind Growth's assets under management?: Nordwind Growth manages approximately €500M in assets under management.
When was Nordwind Growth founded?: Nordwind Growth was founded in 2012.
What sectors does Nordwind Growth invest in?: Nordwind Growth invests across Software, TMT, Industrials, Consumer.
What are Nordwind Growth's recent exits?: Recent realized exits by Nordwind Growth include: Saal Digital (2019) to Ardian.