Polaris to continue its partnership with Futur
Polaris Private Equity IV is selling its stake in Futur to a new continuation vehicle led by Lombard Odier and Cubera. Polaris and Acathia keep joint ownership and control.
Polaris has agreed to sell its stake in Futur, held through Polaris Private Equity IV (PPE IV), to a new continuation vehicle led by Lombard Odier and Cubera. Polaris Private Equity VI will also take part, acquiring shares from existing co-investors. Polaris and Acathia will continue to jointly own and control Futur. The transaction is subject to regulatory approval.
Polaris and Acathia acquired Futur from Danske Bank in 2019. Since then it has become an independent, tech-enabled pension and savings platform. Assets under management have grown from SEK 107bn at the acquisition to SEK 252bn in 2025, and net income has grown from SEK 97m in 2018 to SEK 441m in 2025. Futur’s administrative costs are around 5 bps of average assets under management, against a market average of around 20 bps. Founded in 1999, Futur serves more than 320,000 end customers through over 60 distribution partners in Sweden.
The continuation vehicle lets existing PPE IV investors choose between realising value and staying invested. Jan Johan Kühl, Managing Partner at Polaris, said there is still significant growth potential ahead and that several key growth options remain to be proven.
Futur CEO Torgny Johansson said the continued partnership is excellent news for customers, partners and employees.
For further information
Jan Johan Kühl, Managing Partner, Polaris, +45 2325 3266
Robert Rosensköld, Director, Polaris, +45 9181 9620
Susanne Larsson, Head of investor relations, Polaris, +45 2210 4610
