CapMan Growth announces its third fund
Antti Kummu, Managing Partner, CapMan Growth
CapMan Growth’s third fund (CapMan Growth Equity III) has launched with a size of EUR 110 million, exceeding its target size. In addition to Tesi, other significant domestic institutional investors have joined the new fund.
CapMan Growth makes active minority investments in entrepreneur-led growth companies, aiming to multiply the companies’ size together with entrepreneurs and management. Since its inception in 2017, CapMan Growth has raised over EUR 300 million from investors for growth investments.
“We joined the third fund because CapMan Growth is an operator with the ability to make larger minority investments and thus expand growth financing options for companies. It is great to see the fund manager’s passion for developing its sustainability work and internationalising its portfolio companies,” says Enni Rautio, Investment Director at Tesi’s Fund Investments team.
In addition to Tesi, Kasvurahastojen rahasto fund-of-fund (KRR IV) it manages also made a commitment to the new fund. Tesi has invested in two previous CapMan Growth funds, while KRR III has invested in one.
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Additional information:
Enni Rautio, Investment Director, Fund Investments
enni.rautio@tesi.fi
+358 45 137 3653
Tesi (officially Finnish Industry Investment Ltd) is a state-owned, market-driven investment company that invests in venture capital and private equity funds and directly in Finnish startups and growth companies. tesi.fi | X (Twitter) | LinkedIn | Instagram | Newsletter