Anders Appell

Anders is a partner at Andulf and one of the founders. His focus is advising management teams in relation to fund formation, including structuring, regulatory and tax matters. He also regularly advises on transactions including venture capital investments and has a keen interest in how new technology is changing our world.

Partner and admitted to the Swedish Bar

Anders Appell


Uppsala University (LL.M. 1998)


Lagerlöf & Leman Advokatbyrå, associate, 1998 – 1999 Stockholm District Court, law clerk, 1999 – 2000 Mannheimer Swartling Advokatbyrå, associate, 2000 – 2003 European Investment Fund, Luxemburg, corporate lawyer, 2002 Andulf Advokat AB, since 2004


WWL says: Anders Appell is "at the cutting edge of investment funds law" (2016), is "regarded as a superb and strategic legal mind with a highly accomplished funds management practice" (2017), "stands out as "an excellent lawyer" with a strong practice in private equity, venture capital and real estate fund formation" (2018) and "is a standout name in Sweden's fund formation space, and wins endorsements from peers across Europe. His expertise lies in advising private equity funds regarding onshore and offshore projects" (2019). Anders Appell is "widely recognised as a "market-leading funds lawyer" who is regularly seen advising on the structuring and management of a variety of investment funds" (2020) and "is singled out by sources as well versed in advising clients in relation to fund formation on structuring, regulatory and tax matters" (2021). Anders Appell is "highly regarded for his unrivalled expertise in fund formation and related regulatory issues" (2022).



January 14, 2022


Andulf lead legal advisor when Verdane launches Europe's largest growth impact fund

January 11, 2022

Sound Bioventures

Sound Bioventures Fund I

Andulf lead legal advisor when Sound Bioventures raises EUR 110 million in the first closing of its first fund.

November 11, 2021

Monterro Fund 4

Andulf lead legal Advisor on establishment of M4 Software Investment

April 3, 2021

Ymer SC AC

Listed fund for investments in structured credits.

Andulf continued lead legal advisor on raising of Ymer SC AC, a fund investing predominantly in the junior part of the capital structure of both cash and synthetic securitisations such as CLOs, CDOs, ABS, and reg cap trades. The fund has issued instruments listed on NGM.

March 31, 2021


Establishment of Nordtech

Andulf lead legal advisor on establishment and financing of Nordtech.

February 1, 2021


Establishment of Verdane Edda II

Andulf lead legal advisor when Verdane closes Edda II fund at hard cap with EUR540m.