Norlantic Capital Featured in Preqin's First Close

We are excited to announce that Norlantic Capital has been featured in Preqin's First Close, a leading industry publication that highlights key developments in private equity and alternative investments.

The feature includes a detailed Q&A with Norlantic’s leadership, offering insights into how we view private equity opportunities in the U.S. middle market — across primaries, secondaries, and direct investments. We are honored to be recognized among the firms helping to shape the future of middle-market investing.

In an environment of increasing uncertainty — with rising concerns around industrial policy, trade tariffs, and the potential for recession — our long-term approach remains steadfast. As Tharald Fongaard, Founder at Norlantic, shared:

"When we think about our investments, we think about them in very long cycles. When you invest in U.S. mid-market businesses as a private equity strategy, you often buy an asset under one presidency and sell it under another."

This perspective is backed by strong historical data. In collaboration with Bain & Company, we reviewed the performance of nearly 1,300 U.S. middle-market funds over the past 25 years. The study revealed an average net IRR of 22% — sustained across five presidencies and three major market corrections. In comparison, large-cap funds delivered an average net IRR of 14% over the same period.

In private equity’s U.S. heartland, patience is more than a virtue — it’s fundamental to success.

We are proud of the work we are doing and excited for what lies ahead.

Read the full article here:
The big picture: optimism and the mid-market ‘powerhouse of America’s economy’