Stockholm project targets fund formation and launch delays
PwC Sweden and ROYC announced a strategic collaboration in Stockholm to speed up the digitalization of private equity fund operations. The companies are targeting the GP value chain, especially the early stage that starts when a manager decides to raise a fund.
The partners want to compress time-to-market, remove manual friction in early workflows and improve the client experience across the full fund lifecycle.
PwC advises on about 40% of the global market for fund formation and related structures. That experience will help shape new features on ROYC’s platform.
PwC advises on 40% globally
Femke van der Zeijden, a partner at PwC Sweden, is leading the work for PwC Sweden. She is working directly with ROYC’s platform development team in Stockholm, which the companies expect will speed up iteration.
Van der Zeijden said digitalization in fund operations is overdue. She pointed to daily work on structuring decisions, regulatory requirements and operational complexity, and said the early phase still creates real and costly inefficiencies.
ROYC plans to turn PwC’s structuring knowledge into digital workflows that can scale across jurisdictions. The companies said those workflows are jurisdiction-agnostic, so fund managers can use them whether they operate in Sweden or elsewhere.
The main focus is the early GP value chain, from the decision to raise a fund through formation, structuring and launch. ROYC and PwC also included ongoing management and wind-down in the scope.
Before the first LP is onboarded, fund managers often lose time to manual processes, disconnected data and fragmented handoffs. The collaboration aims to cut those delays with a more structured digital setup.
Mathias Leijon, ROYC’s CEO and co-founder, said private equity fund operations still rely heavily on emails, PDFs and institutional memory. He argued that the early phase, from structuring decisions to launch, is where digitalization can make the biggest difference.
Leijon also said PwC’s fund formation and structuring team brings deep practitioner expertise to the platform. In ROYC’s view, that should produce software shaped by people who understand how funds are built.
The briefing described ROYC as a private equity operations platform built to support GPs. Through the Stockholm collaboration, ROYC is pushing that platform further into the earliest stages of fund creation.
