Turnstone Alternative Investments (“Turnstone”) is an alternative investment fund manager (AIFM) with more than 5bn NOK assets under management, and a solid base of long-term investors.
The manager has extensive experience from investing all over Western Europe across primary, secondary and co-investments in and alongside predominantly buyout funds.
Acquiring stakes in established funds from other investors and participating in GP-led multi-asset opportunities.
Co-investing directly alongside managers or participating in concentrated continuation vehicles.
Selecting the very best opportunities in the smaller end of the market across Western Europe.
Prior to founding the Turnstone Group, Høegh-Krohn served as the CEO of Argentum between 2006 and 2022. He also served as chair of Argentum’s investment committee and was involved in every secondary-, primary- and single asset investment decision in the period.
Høegh-Krohn was previously CEO of DNB Asset Management and has served on the board of a number of Norwegian financial institutions. He is also an Adjunct Professor at the Norwegian School of Economics (NHH) and holds a PhD in Finance from the same institution.
E-mail:jhk@turnstone.no
Phone:+47 934 07 109
Prior to co-founding Turnstone, Rygg worked at Argentum for 16 years between 2007 and 2022 where he served as Investment Director and Head of Secondary Investments. He has been involved in every secondary decision since formation of Argentum’s secondary strategy in 2009, and has further been involved in the screening and execution of numerous primary- and single asset investments.
Previously, Rygg was an Equity Research Analyst at Goldman Sachs International in London and holds a MSc in Finance from the Norwegian School of Economics (NHH).
E-mail:dr@turnstone.no
Phone:+47 970 47 960
Prior to co-founding Turnstone, Fredriksen worked at Argentum for 15 years between 2008 and 2022 where he served as Investment Director and Head of Concentrated Investments. He held a number of board positions in portfolio companies and was involved in all co-investments and concentrated/single asset investments since the formation of the strategy in 2012.
His prior experience includes roles with DNB Asset Management, Vital and BKK. Fredriksen holds an MSc from both NTNU and NHH.
E-mail:hf@turnstone.no
Phone:+47 474 89 443
Prior to co-founding Turnstone, Vikøyr worked at Argentum for more than six years between 2016 and 2022. He served as Investment Manager and coordinated the sourcing, screening and execution of numerous investments across primary-, secondary- and single asset investments during his tenure.
Vikøyr has served on the advisory boards of fund managers across UK, Germany, Benelux and the Nordics. He holds an MSc from NHH.
E-mail:sv@turnstone.no
Phone:+47 920 70 760
Prior to co-founding Turnstone, Knudsen worked at Argentum for more than four years between 2018 and 2022. She served as Senior Investment Associate and has been involved in the screening and execution of numerous investments across secondary-, primary- and single asset investments during her tenure.
She has also served on the advisory boards of UK and German fund managers. Knudsen holds a MSc in Finance from the Norwegian School of Economics (NHH).
E-mail:oek@turnstone.no
Phone:+47 901 19 572
Prior to co-founding Turnstone, Finsrud worked at Argentum for more than two years between 2020 and 2022. Finsrud served as Investment Associate, working in-depth on valuations, modelling and process best practice.
He has further been involved in the screening and execution of numerous investments during his tenure. Finsrud holds an MSc from NHH.
E-mail:hfi@turnstone.no
Phone:+47 458 52 380
Prior to joining Turnstone in 2025, Lande worked within Equity Research in DNB Markets (2024) and EY (2023), where his focus included industry analyses and financial modeling. Between 2017 and 2020, he served as a ROV Technician in Reach Subsea. Lande is also founder of a software company which has provided him with valuable experience.
Lande holds a MSc in Finance from the Norwegian School of Economics (NHH) and a BSc in Computer Technology from the University of Bergen.
E-mail:pol@turnstone.no
Phone:+47 413 96 162
Before joining Turnstone as Head of Investor Relations, Mr. Norén served for three and a half years at Clarksons as a Portfolio Manager, overseeing investor relations for both funds and single-asset investments in real estate and shipping.
Prior to Clarksons, he practiced as a corporate lawyer at Selmer for eight years where he advised private equity clients on real estate, private M&A deals, and ECM transactions.
Mr. Norén holds two Master of Laws degrees—one from the University of Bergen and another from King’s College London. He also earned a business and finance degree from BI Norwegian Business School and has completed executive education at Harvard Business School and Harvard Law School.
E-mail:cn@turnstone.no
Phone:+47 936 02 777
Prior to joining Turnstone in 2023, Syltøy held various roles at Optimum Alternative Investments since 2014, including positions in controlling, investor relations, and ultimately serving as CEO with responsibility for portfolio management.
Syltøy holds a MSc in Business with a Major in Finance from BI Norwegian Business School (BI).
E-mail:ks@turnstone.no
Phone:+47 928 81 552
Prior to joining Turnstone in 2023, Uhre worked as Compliance Manager in Optimum Alternative Investments since 2017. He also has experience from Solsten AS (mutual funds) where he acted as CEO between 2012 and 2016.
Prior to that, Uhre worked as Investment Analyst and Portfolio Manager in Orkla ASA between 1985 and 2012, including Head of Orkla ASA (Swiss Branch). Uhre holds a MSc in Economics and Business Administration from Copenhagen Business School (CBS).
E-mail:ou@turnstone.no
Phone:+47 920 11 373
Prior to joining Turnstone in 2024, Halleland served as a Financial Controller at Wahl Eiendom since 2022. Prior to that, he worked at PwC as an auditor for SMB clients between 2019 and 2022.
Halleland holds a MSc in Finance from the Norwegian School of Economics (NHH) and a MSc in Accounting and Auditing from the Norwegian Business School (BI). He is a state authorized auditor and a state authorized accountant.
E-mail:+47 414 72 789
Phone:hh@turnstone.no
Prior to joining Turnstone in 2024, Bratsberg has mainly been working in Real Estate as Marketing Manager in Promenaden Management and in Carucel Eiendom.
Previously she has also worked as PA in Søylen Eiendom and Project Manager in Leo Burnett. Bratsberg holds a BSc in Marketing and Communications from BI Norwegian Business School (BI).
E-mail:vb@turnstone.no
Phone:+47 901 203 92
The Turnstone, which breeds in the Arctic region, is famous for constantly turning over stones to find food – wherever it goes.
Joachim Høegh-Krogh forlot staten for rundt to år siden. Nå leverer han spinnvill avkastning for noen av landets rikeste.
In the interview, Joachim Høegh-Krohn explains Turnstone’s investment and fundraising strategy in more detail.
The fund is a successor to Turnstone Private Equity Fund I, which closed at EUR 150m end of October 2023. The size of the fund is expected to increase in the coming weeks through the onboarding of a feeder for non-professional investors.
Turnstone Private Equity is delighted to announce that that it has successfully held a final close at NOK 1.7bn, above target. The fund is well underway having closed ten investments across secondaries, primaries and co-investments in partnership with top managers across Western Europe.
Turnstone’s maiden fund had its first closing at around NOK 1bn on March 20th following…
We are truly excited to announce the launch of Turnstone Private Equity, a specialized private…
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