About
Strength is built quietly, over time.
Trudvang takes its name from the Old Norse word for a place of strength and stillness — a fitting metaphor for the way we invest.
Our manifesto
- 01
We believe great companies are built, not flipped. Conviction beats velocity.
- 02
We choose fewer investments and go deeper. Concentration is a feature, not a risk.
- 03
We treat founders as partners. The cap table is a relationship, not a transaction.
- 04
We measure success in decades, not quarters. Time is the rarest form of capital.
Milestones
- 2025
Trudvang Capital established by a partnership of seasoned investment and operating professionals.
- 2026
Setup of Vitória office and preparing our first fund to bridge capital and mid-market opportunities in Brazil.
- 2026+
Active fund deployment and evaluation of proprietary investment pipelines.
What we hold to
Integrity
We say no often, and we keep our word when we say yes.
Craft
We treat investing as a discipline, not a sport.
Stewardship
Capital and trust are both forms of responsibility.
Leadership
Managing Partner
Thor Lincoln Nunes Grünewald
Thor Grünewald is the Founder and Managing Partner of Trudvang Capital. He possesses over 5 years of specialized experience in M&A, Valuation, Turnaround, FP&A, and financial modeling across diverse economic sectors. In addition to being a chemical engineer, Thor practiced law for over 13 years, advising entrepreneurs on corporate conflicts, asset valuation, dissolutions, liquidations, asset protection, tax planning, and other ordinary corporate matters.
Core Expertise
Credentials & Education
- Specialist in Corporate Law (FGV) & Industrial Process Engineering (PUCMinas)
- Specialist in Tax Law, Tax Accounting, and Tax Planning (FBT)
- Specialist in Finance & Valuation (USP/Esalq)
- Certified Financial Modeling & Valuation Analyst (CFI)
- Extension in Valuation (FIPECAFI, Saint Paul), Corporate Accounting (FIPECAFI), and Mergers & Acquisitions (Insper)