Cevian Capital Ii Gp Limited
- Regulatory AUM
- $17.8B
- Discretionary
- $17.8B
- Clients
- 7
- Avg AUM / client
- $2.5B
- Accounts
- 7
- Employees
- 61
AUM over time
Annual snapshots from Form ADV filings · as of Apr 07, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 7 | $17.8B | 100.0% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $14.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Cevian Capital Ii Master Fund Lp master | Hedge Fund | Cayman Islands | $13.4B | 269 |
| Cevian Capital Ii Co Investment Fund Lp | Hedge Fund | Cayman Islands | $624M | 4 |
People (10)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Icahn, Carl, Celian | Shareholder | Jun 1989 (37y) | ≈ 2.11% – 10% via Barberry Corporation | |
| Boschat, Denzil, Maurice | Director | Apr 2006 (20y) | Less than 5% | |
| Forberg, Lars, Einar | Shareholder | Jun 2007 (19y) | ≈ 5.63% – 25% via Mountbrook Ltd | |
| Gardell, Christer, Goran Harald | Shareholder | Dec 2010 (16y) | ≈ 2.81% – 18.75% via Ledrag Holding Ab | |
| Cacciola, Ronald, Mark | Director | Sep 2015 (11y) | Less than 5% | |
| Paine, William, Dexter | Director | Mar 2017 (9y) | Less than 5% | |
| Casserlov, Lars, Goran | Shareholder | Nov 2018 (8y) | ≈ 5.63% – 25% via Norderport Ab | |
| Caterer, Mark, Steven | Chief Compliance Officer | Jun 2019 (7y) | Less than 5% | |
| O'sullivan, Norma | Director | Sep 2022 (4y) | Less than 5% | |
| Bryant, James, Gywn | Director | Jun 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Fpcz Non Eci Llc | Shareholder | Jan 2008 | A | 25% – 50% |
| Plimsoll Ltd | Shareholder | Dec 2010 | A | 10% – 25% |
| Riverbrook Holding Limited | Shareholder | Jul 2011 | A | 10% – 25% |
| Spillingen Ltd | Shareholder | Mar 2011 | A | 10% – 25% |
| Blomma Holding Llc | Shareholder | May 2006 | A | 5% – 10% |
| Koala Holding Lp | Shareholder | May 2003 | B | ≈ 3.75% – 10% via Blomma Holding Llc |
| Barberry Corporation | Shareholder | May 2003 | B | ≈ 2.81% – 10% via Koala Holding Lp |
| Mountbrook Ltd | Shareholder | Dec 2010 | B | ≈ 7.5% – 25% via Riverbrook Holding Limited |
| Capital Z N2 Alternative Investors Llc | Shareholder | Jan 2008 | B | ≈ 18.75% – 50% via Fpcz Non Eci Llc |
| Paine & Partners Capital Fund Iii Cz I Lp | Shareholder | Jan 2008 | B | ≈ 3.52% – 28.13% via Paine & Partners Capital Fund Iii Cz I Blocker Ltd |
| Cghg Holding Ltd | Shareholder | Dec 2010 | B | ≈ 7.5% – 25% via Plimsoll Ltd |
| Norderport Ab | Shareholder | Mar 2011 | B | ≈ 7.5% – 25% via Spillingen Ltd |
| Paine & Partners Capital Fund Iii Cz I Blocker Ltd | Shareholder | Jan 2008 | B | ≈ 4.69% – 28.13% via Fp Iii Non Eci Holdings Llc |
| Fp Iii Non Eci Holdings Llc | Shareholder | Jan 2008 | B | ≈ 9.38% – 37.5% via Capital Z N2 Alternative Investors Llc |
| Ledrag Holding Ab | Shareholder | Jul 2019 | B | ≈ 3.75% – 18.75% via Cghg Holding Ltd |
| Gardell Holding Ab | Shareholder | Jul 2019 | B | ≈ 3.75% – 18.75% via Cghg Holding Ltd |
| Paine & Partners Capital Fund Iii Cz Ii Lp | Shareholder | Jan 2008 | B | ≈ 2.34% – 18.75% via Fp Iii Non Eci Holdings Llc |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Icahn, Carl, Celian: 75% – 100% of Barberry Corporation × 75% – 100% of Koala Holding Lp × 75% – 100% of Blomma Holding Llc × 5% – 10% direct ≈ 2.11% – 10% of the firm
- Forberg, Lars, Einar: 75% – 100% of Mountbrook Ltd × 75% – 100% of Riverbrook Holding Limited × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Gardell, Christer, Goran Harald: 75% – 100% of Ledrag Holding Ab × 50% – 75% of Cghg Holding Ltd × 75% – 100% of Plimsoll Ltd × 10% – 25% direct ≈ 2.81% – 18.75% of the firm
- Casserlov, Lars, Goran: 75% – 100% of Norderport Ab × 75% – 100% of Spillingen Ltd × 10% – 25% direct ≈ 5.63% – 25% of the firm
- Koala Holding Lp: 75% – 100% of Blomma Holding Llc × 5% – 10% direct ≈ 3.75% – 10% of the firm
- Barberry Corporation: 75% – 100% of Koala Holding Lp × 75% – 100% of Blomma Holding Llc × 5% – 10% direct ≈ 2.81% – 10% of the firm
- Mountbrook Ltd: 75% – 100% of Riverbrook Holding Limited × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Capital Z N2 Alternative Investors Llc: 75% – 100% of Fpcz Non Eci Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
- Paine & Partners Capital Fund Iii Cz I Lp: 75% – 100% of Paine & Partners Capital Fund Iii Cz I Blocker Ltd × 50% – 75% of Fp Iii Non Eci Holdings Llc × 50% – 75% of Capital Z N2 Alternative Investors Llc × 75% – 100% of Fpcz Non Eci Llc × 25% – 50% direct ≈ 3.52% – 28.13% of the firm
- Cghg Holding Ltd: 75% – 100% of Plimsoll Ltd × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Norderport Ab: 75% – 100% of Spillingen Ltd × 10% – 25% direct ≈ 7.5% – 25% of the firm
- Paine & Partners Capital Fund Iii Cz I Blocker Ltd: 50% – 75% of Fp Iii Non Eci Holdings Llc × 50% – 75% of Capital Z N2 Alternative Investors Llc × 75% – 100% of Fpcz Non Eci Llc × 25% – 50% direct ≈ 4.69% – 28.13% of the firm
- Fp Iii Non Eci Holdings Llc: 50% – 75% of Capital Z N2 Alternative Investors Llc × 75% – 100% of Fpcz Non Eci Llc × 25% – 50% direct ≈ 9.38% – 37.5% of the firm
- Ledrag Holding Ab: 50% – 75% of Cghg Holding Ltd × 75% – 100% of Plimsoll Ltd × 10% – 25% direct ≈ 3.75% – 18.75% of the firm
- Gardell Holding Ab: 50% – 75% of Cghg Holding Ltd × 75% – 100% of Plimsoll Ltd × 10% – 25% direct ≈ 3.75% – 18.75% of the firm
- Paine & Partners Capital Fund Iii Cz Ii Lp: 25% – 50% of Fp Iii Non Eci Holdings Llc × 50% – 75% of Capital Z N2 Alternative Investors Llc × 75% – 100% of Fpcz Non Eci Llc × 25% – 50% direct ≈ 2.34% – 18.75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $14.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Cevian Capital Ii Master Fund Lp | Hedge Fund | $13.4B | $10.0M | 269 |
| Cevian Capital Ii Co Investment Fund Lp | Hedge Fund | $624M | $25.0M | 4 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/07/2026 | 1.96 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: ON MAY 26, 2015, THE FINNISH FINANCIAL SUPERVISORY AUTHORITY (THE "FIN-FSA") FOUND THAT CEVIAN CAPITAL II MASTER FUND L.P. ("CEVIAN CAPITAL II") DID NOT SUBMIT TO THE FIN-FSA A NOTIFICATION OF MAJOR HOLDINGS OR PROPORTIONS OF VOTING RIGHTS WITHIN THE TIME LIMIT IMPOSED UNDER CHAPTER 9, SECTION 5(1) OF THE FINNISH SECURITIES MARKETS ACT (THE "FIN-SMA"). THE FIN-FSA DETERMINED THAT A NOTIFICATION WAS REQUIRED WHEN CEVIAN CAPITAL II ACQUIRED OVER 5% OF METSO CORPORATION ON AUGUST 29,2013. THE FIN-FSA IMPOSED A FINE OF EUR 7,000. Status: Final Sanction Detail: EUR 7,000 FINE LEVIED AGAINST CEVIAN CAPITAL II MASTER FUND L.P. SUBSEQUENTLY PAID IN FULL. Summary: ON MAY 26, 2015, THE FINNISH FINANCIAL SUPERVISORY AUTHORITY (THE "FIN-FSA") LEVIED AN ADMINISTRATIVE FINE ON CEVIAN CAPITAL II GP LIMITED (THE "INVESTMENT ADVISER"), IN CARE OF CEVIAN CAPITAL II MASTER FUND L.P. ("CEVIAN CAPITAL II") BECAUSE THE FIN-FSA DETERMINED THAT CEVIAN CAPITAL II DID NOT SUBMIT TO THE FIN-FSA A NOTIFICATION OF MAJOR HOLDINGS OR PROPORTIONS OF VOTING RIGHTS WITHIN THE TIME LIMIT IMPOSED UNDER CHAPTER 9, SECTION 5(1) OF THE FINNISH SECURITIES MARKETS ACT (THE "FIN-SMA"). CHAPTER 9, SECTION 5(1) OF THE FIN-SMA REQUIRES THAT A FLAGGING NOTIFICATION BE SUBMITTED WITHOUT "UNDUE DELAY", AND NO LATER THAN THE NEXT TRADING DAY, AFTER A SHAREHOLDER'S PROPORTION OF VOTING RIGHTS OF A TARGET COMPANY EXCEEDS ONE OF SEVERAL STATED THRESHOLDS (ONE OF WHICH IS 5% OF TOTAL VOTING SECURITIES). THE FIN-FSA SENT A LETTER TO CEVIAN CAPITAL II AND THE INVESTMENT ADVISER ON JANUARY 5, 2015 INFORMING THEM OF THIS MATTER AND GIVING THEM AN OPPORTUNITY TO RESPOND. THE INVESTMENT ADVISER RESPONDED ON JANUARY 29, 2015. ON MAY 26, 2015, THE FIN-FSA DETERMINED THAT A NOTIFICATION WAS REQUIRED WHEN CEVIAN CAPITAL II ACQUIRED OVER 5% OF METSO CORPORATION ON AUGUST 29, 2013. THE FIN-FSA HAS DETERMINED THAT ON SEPTEMBER 25, 2013, THE INVESTMENT ADVISER BECAME AWARE THAT IT HAD NOT SUBMITTED THE NOTIFICATION AND THEN SUBMITTED THE NOTIFICATION ON SEPTEMBER 26, 2013, WITHOUT BEING PROMPTED BY THE FIN-FSA TO DO SO. THE FIN-FSA IMPOSED A FINE OF EUR 7,000.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 07, 2026.
View current Form ADV (SEC/IAPD) ↗