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Studio North Partner
Investment Proposal
The Studio Partner investment provides runway capital for Studio North to originate, develop, and launch Special Purpose Vehicles (SPVs). In return, the Partner is guaranteed a 10% equity position at post-money Launch Capital in every SPV produced by Studio North, starting from the first cluster and continuing for all downstream SPVs, contingent upon full payment of the committed capital.
The below proposed as the most beneficial and flexible to a Studio Partner, as payouts are immediate at the SPV level and reinvestment for evergreen mechanics are optional at time of payout.
An alternative position is available at investor discretion for a 20% in Studio North with indirect SPV target ownership and participation in the Studios partially retained proceeds for reinvestment into downstream SPVs.
The below for illustration purposes. Final terms to be agreed in Term Sheet.
Studio Partner Commitment
EUR 3,500,000
Tranche 1: EUR 500,000
Upon signing, to initiate pre-launch development activities and secure the Partner's 10% SPV equity allocation.
Tranche 2: EUR 1,000,000
Before the next calendar year, to advance to Final Investment Decision (FID) readiness for initial SPVs.
Tranche 3: EUR 2,000,000 (callable)
Over 12–24 months, released upon milestone achievement tied to at least half of the initial 6 SPVs reaching FID Launch Readiness.
Projected Returns
Illustrative – First Cluster of 5 SPVs with two facilities each
17×
ROI multiple
115%
Estimated IRR (5 years)
Evergreen Participation
Optional: the Partner may reinvest any portion of exit proceeds into future SPVs or other Studio North ventures.
Capital Flow – First SPV Cluster
SAFE-to-Exit Pathway
20 years building new industry projects for companies like Equinor, Statkraft, AGA, Linde Gas, and Circle K. 10 Years building and exiting Oslo and London based Venture Studio. Studio North follows the award-winning SAFE-to-Exit predictable and reliable pathway to build and operate industry projects. With pre launch capital de-risking phases with investor diligence for 90%+ success rate of industrial development.
01. SPIN Analysis
Stakeholder problem-solution fit.
02. Pre-Seed
Business Model validation.
03. Seed
Feasibility & Pre-Engineering.
04. Launch Capital
Final Investment Decision.
05. Roll-Out
Build, Commission, Operate
06. Multiply
Structured Growth
07. Exit
Divestment & Reinvestment
Investor Safeguards & Control Measures
1
Milestone-Based Funding
Callable EUR 2M in Tranche 3 released only upon:
  • Demonstrated milestones progress following the RE+CIRCLE SAFE-to-Exit model with staged investors diligence approvals.
  • At least 50% of initial SPVs achieving FID Launch Readiness.
2
Ring-Fenced Accounts & Escrow
  • SPV-specific accounts for budgeted project expenses.
  • Optional escrow for callable funds until milestones are met.
3
Governance & Oversight
  • Board Observer Seat in Studio North and discretionary observer rights in each SPV until exit.
  • Veto rights on asset disposals, major budget changes, and significant new debt.
  • Quarterly reporting including independent project manager updates and detailed financial statements.
4
Performance Ratchets
If the initial SPV cluster rollout is delayed by more than 6 months or revenue falls more than 50% below target, the Partner's equity share increases by a pre-agreed percentage
5
Liquidity & Exit Rights
  • Drag-along and tag-along rights on SPV cluster exit
  • Right of First Offer (ROFO) for allocations in future clusters
Investor Benefits Summary
  • Guaranteed 10% Launch Capital equity in all Studio-produced SPVs after full capital is paid.
  • High IRR and ROI potential from direct SPV exposure.
  • Flexible reinvestment option for compounding returns.
  • Strong safeguards to protect capital and ensure delivery.
  • Active governance role ensuring transparency and alignment.
Disclaimer
This proposal is for informational purposes only and does not constitute an offer or solicitation to invest. Projected returns are estimates and not guarantees.

Important Notice
All investment decisions should be made after thorough due diligence and consultation with financial advisors.
Contact
Managing Partners: Geir Jakobsen & Kenneth Winther