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Our strategy in different business areas

Carucel invests capital outside of real estate through positions in the finance market and through ownership shares in shipping. We also invest in unlisted companies, both within and outside of the real estate sector. In certain investments, we add expertise through active ownership.
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Finance

At Carucel Finance, we seek good companies that take a long-term view, and can actively set their own course without relying on external factors in the form of raw material prices and rates, so that we can calculate sensible returns.

In general, we invest with an infinite horizon, but history has taught us that even good products and companies can be outcompeted, and thus, we take a dynamic approach to expectations and costs.

Our portfolio primarily consists of publicly listed companies, but we do some seed capital/venture/early phase investments in cooperation with Arkwright X. Aside from this, we have investments where we take active ownership in the form of a boardroom seat.

Would you like to know more about how we work with finance?

Torbjörn Karlsson
CIO/CFO

Shipping

Carucel’s business activities in shipping are conducted through the enterprise Thorviks Rederi AS. This company is 100 percent owned by Carl Erik Krefting on a private basis, but it is operated by Carucel.

The portfolio consists of direct investments in syndicated shipping projects, including both older and newer ships, as well as new construction contracts. The investments are share-based and are almost all conducted in cooperation with professional facilitators.

The strategy is based on having a decisive and experienced team with a flexible investment mandate. The company has a pragmatic approach to the sizes of the investments, choice of sectors, and timeline for the investments.

Would you like to know more about how we work with shipping?

Jonas Rosenlund
VP Finance
Director of Living & Leisure
Pierre Puggaard
Projects
Managing director
Hege Brattlid
Projects
Eiendom
Camilla Lilledahl
Projects
Property management head
Fredrik Lekven Lien
Projects
Team lead @Alva
André Sannerhaugen
Projects
Property management head
Joachim Wolf Stensland
Projects
Christian Østby
Projects
Board chairperson
Carl Erik Krefting
  • Founder of Carucel, with over 30 years of experience as a real estate investor.

  • Before founding Carucel, Carl Erik Krefting was part of the founding of Søylen Eiendom.

  • Krefting has spent more than 20 years as a partner of the law firm Thommessen Krefting Greve Lund (Thommessen) and holds a cand.jur. from the University of Oslo (UiO)

Board member
Caroline Krefting
  • The head of real estate investment and development at Carucel since December 2016

  • Experience as Asset Management Officer at Steen & Strøm and Associate of both Deal Advisory and Audit at KPMG.

  • Krefting has a master’s degree in applied economics and finance and a bachelor’s degree in business management from the Copenhagen Business School

Board member
Kjersti Hobøl
  • Administrative director of the retail company Nille

  • Experience as board member of XXL, Aspelin Ramm, Byggmax and Elektroimportøren

  • Broad experience from a background in the boards of retail companies and many other leadership positions

Board member
Hans Petter Høegh
  • Finance director of Kristian Gerhard Jebsen Group and administrative director of KGJ Eiendom.

  • Wide-ranging board experience from real estate firms such as Søylen, Winta Eiendom, and BSA Berlin, as well as from investment companies such as Procerta AS.

  • Høegh has held multiple positions as finance director and holds a master’s degree in economics and administration from Université de Lausanne

Board member
John Giverholt
  • His experience includes the position of administrative director of Ferd, group director of DNB, and assistant finance director at Hydro

  • Wide-ranging board experience from organisations such as Kongsberg-Gruppen, Telenor, Scatec Solar, and Gjensidige

  • Giverholt has a bachelor’s degree in economics from University of Manchester and is a state-authorised auditor from the NHH Norwegian School of Economics (NHH)