Norwegian asset manager Ness Risan & Partners (NRP) has become a large shareholder in Sweden’s Origo Fonder to broaden its Nordic reach.

The Oslo-based shipowner will not take control of its new partner but aims to tap its small-company and hedge fund expertise.

“The deal strengthens the common position as an alternative asset manager in Sweden and the rest of the Nordic region and creates a solid platform for continued growth,” NRP said.