Polaris has entered into an agreement to sell its stake in Swedish pension and savings platform Futur, held through Polaris Private Equity IV (“PPE IV”), to a newly established continuation vehicle led by Lombard Odier and Cubera.
Polaris Private Equity VI (“PPE VI”) will also participate in the transaction by acquiring shares from existing co-investors. Following completion, Polaris and Acathia will retain joint ownership and control of Futur.
Futur was founded in 1999 as part of Danske Bank and was acquired by Polaris and Acathia in 2019. Since then, Futur has developed into an independent, technology-enabled pension and savings platform serving more than 320,000 customers through over 60 distribution partners in Sweden.
Futur’s assets under management have increased from SEK 107bn in 2019 to SEK 252bn in 2025, while net income reached SEK 441m in 2025.
The transaction will enable Polaris to continue supporting Futur’s development while providing existing PPE IV investors with the option to realise their investment or remain invested.
The transaction is subject to regulatory approval.
Accura advised Polaris as fund counsel on the formation and closing of the single-asset continuation vehicle.