Finnish pension companies and Industry Investment establish a MEUR 135 fund for financing growth companies

  • Share on Twitter
  • Share on LinkedIn

Government-owned investment company Finnish Industry Investment Ltd (FII) and Finnish employment pension companies 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 have established a common fund, FoF Growth, which will invest in funds that invest in growth companies.


The new fund-of-funds has MEUR 135 in capital. The pension companies have committed 60% of this capital and Industry Investment 40%.


FoF Growth will make investments in venture capital funds operating in Finland, which focus on promising unlisted growth companies. Investments can be made in all sectors except the real estate business. The aim is to selectively invest sufficient capital in the most promising ventures. The new fund aims to make annual investments totalling MEUR 30-50 in 2-4 funds, depending on the market situation. FoF Growth will primarily invest in the funds of management companies that already have established operations.


FoF Growth will launch its operations in December.







More information:


Esko Torsti, Director, Ilmarinen Mutual Pension Insurance Company,
tel. +358 10 284 3945, esko.torsti (at),


Jouni Hakala, Director, Finnish Industry Investment Ltd,
mobile +358 50 400 1767, jouni.hakala (at),