FoF Growth is a €135m fund-of-funds managed by FII. The fund’s investment term ended in December 2013. The fund invested in 11 Finnish venture capital and small buyout funds between 2009 and 2013. The total capital invested in portfolio funds amounts to €835m, of which €230m came from investors abroad. At the end of 2014, the portfolio funds had some 100 companies in their portfolios, generating annual net sales of over €800m and altogether 6,300 jobs.
Along with FII, the other co-investors in FoF Growth are Ilmarinen Mutual Pension Insurance Company, the Local Government Pensions Institution, the 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.
FoF Growth II is a €130m fund-of-funds with a 2014-2018 investment term. FoF Growth II is managed by FII and to date has given commitments amounting to €62.5m to five venture capital and small buyout funds. The fund made three new commitments during 2015.
Along with FII, the other co-investors in FoF Growth II are Ilmarinen Mutual Pension Insurance Company, the Local Government Pensions Institution, Elo Mutual Pension Insurance Company and the State Pension Fund.