Since joining in 2022, Alexandra Björklund, CFO and Head of Investor Relations, has been part of Fidelio’s rapid expansion, helping to build the structures that support growth while maintaining the agility and boldness that define the firm. In her role, she navigates the complexities of international expansion, regulatory frameworks, and investor relations — ensuring that Fidelio stays dynamic, forward-thinking, and built for long-term success.

How did you come to join Fidelio?

I’d been following Fidelio for some time and was drawn to its high-performance culture and ambitious energy. It’s an environment that expects everyone to contribute and encourages excellence — qualities that resonate with me.

As for me joining Fidelio, it was almost a case of “third time’s the charm.” I was first contacted back in 2017 and then again in 2021, but on both occasions timing wasn’t right. Finally, in early 2022, I joined, and it definitely feels like the right decision.

The combination of a young, driven team and a company that pushes boundaries felt like a natural match for my skills and ambitions.

Fidelio has undergone significant growth in recent years. How has this shaped your role?

The transformation has been profound. When I joined, the company was already expanding, but the complexity has since multiplied. While our first and second funds naturally evolved from Nordic investments into international ones, our third fund took an international approach from the outset. This coincided with the opening of our London office, which also marked a significant shift in our operational scope.

As CFO and Head of IR, my job has been to make sure our operations can support our ambitions. Expansion brings challenges — dealing with multiple layers of national legislation, being supervised by Sweden’s Financial Supervisory Authority, and still making sure we stay agile. It’s for sure become more complex, but at the same time more rewarding.

How do you balance this expansion and increased regulatory requirements, with Fidelio’s flexible mandate and nimble investment strategy?

We’re constantly challenging traditional ways of doing things. Why does it have to be done this way? How can we streamline processes without compromising on compliance? Questions that help us maintain agility and avoid unnecessary bureaucracy.

We collaborate closely with legal advisors and tax specialists across jurisdictions to manage the complexities of international operations. It’s not just about navigating different tax regimes and regulatory frameworks; it’s about building an infrastructure that supports growth while preserving the core elements of Fidelio’s culture.

How do you build trust among investors in your capacity as CFO and Head of IR?

Our investors entrust us with significant capital, and proving our strategy through consistent execution is crucial. We ensure transparency by demonstrating how our actions align with our long-term vision, and we’re always prepared to answer tough questions. It’s about building confidence through every interaction. Of course, our strong financial track record—on average generating returns of over 8x on our investments—speaks for itself. That said, I really believe the way we operate is just as important. We focus on engaging with companies where we see potential in both people and ideas — an approach that has served us well so far.

If you look at what Fidelio is today, what importance would you give the international footprint?

The international expansion is incredibly exciting. Having boots on the ground, particularly in London (with our office there) and the U.S. (through our portfolio companies), makes us well positioned for this next phase.

Opening the London office has enhanced our credibility and broadened our network. We’re no longer seen as “just” a Nordic investment firm; we’re increasingly seen as a global player. This has attracted interest from institutional investors, but for us, it has been important to stay true to our flexible mandate and not become restricted by too much red tape that might accompany some larger financiers.