Investments in funds - 21.1.2009
Established in December by government-owned investment company Finnish Industry Investment Ltd (FII) and Finnish employment pension companies, Kasvurahastojen Rahasto Ky made its first investments with the funds MEUR 135 capital. An investment commitment of MEUR 15 was made in the Sentica Buyout III Ky fund and an investment commitment of MEUR 10 in the Nexit Infocom II LP fund.
The Sentica Buyout III fund makes majority investments primarily in buy-outs of Finnish small and medium-sized growth companies operating in the manufacturing industry, IT services, and services targeted at enterprises.
The Nexit Infocom II LP fund invests in mobile and wireless technology companies in Finland, Scandinavia and the USA. Its aim is to assist Finnish technology companies in entering initially the US market and later global markets.
The investors in Kasvurahastojen Rahasto are Finnish Industry Investment Ltd, Ilmarinen Mutual Pension Insurance Company, Local Government Pensions Institution, State Pension Fund, Eläke-Fennia Mutual Insurance Company, Tapiola Mutual Pension Insurance Company, OP Life Assurance Company Ltd, OP-Eläkekassa and Etera Mutual Pension Insurance Company.
Kasvurahastojen Rahasto Ky has MEUR 135 in capital, 60% of which comprises commitments made by the pension companies and 40% by Industry Investment. The fund invests in venture capital funds that focus on promising unlisted growth companies. The aim is to make annual investments totalling MEUR 30-50 in 2-4 funds, depending on the market situation.
- Esko Torsti, Director, Ilmarinen Mutual Pension Insurance Company,
tel. +358 10 284 3945, esko.torsti (at) ilmarinen.fi
- Jouni Hakala, Director, Finnish Industry Investment Ltd,
tel. +358 50 400 1767, jouni.hakala (at) industryinvestment.com
- Mika Uotila, Managing Director, Sentica Partners Oy,
tel. +358 40 553 6110, mika.uotila (at) sentica.fi