Annual Report 2012

Fund investments

Finnish Industry Investment invests in Finnish and foreign private equity funds.  Through investments in funds, FII develops the venture capital and private equity market in Finland and enhances the internationalisation of the sector. In addition, FII manages FoF Growth, which is a fund-of-funds investing in Finnish venture capital funds.


In 2012, FII made commitments to four new funds totalling €32.5m:

  • Vaaka Partners Buyout Fund II focuses on growth financing and on buyouts of medium-sized Finnish companies.
  • VisionPlus Fund I invests in digital consumer products, games, and mobile and computer applications, and its investment model is based on revenue sharing between the company and the investor. Investor returns consist of royalties distributed on product sales.
  • Creandum III invests in Nordic, early-stage technology companies with a particular focus on internet- and mobile solutions-based consumer products and services, software and hardware.
  • Sentica Buyout IV invests in medium-sized Finnish companies that have attractive market positions and promising growth prospects. Sentica Buyout IV will begin operating in 2013.


At the end of 2012, FII had commitments in 87 funds, amounting to €462m.

 

FoF Growth

FoF Growth is a €135m fund-of-funds established by FII and Finnish pension companies in 2009. FoF Growth invests in Finnish venture capital funds. Its investment periods ends in December 2013.

In 2012, FoF Growth made commitments to four new funds.

  • Vaaka Partners Buyout Fund II focuses on growth financing and on buyouts of medium-sized Finnish companies.
  • VisionPlus Fund I invests in digital consumer products, games, and mobile and computer applications, and its investment model is based on revenue sharing between the company and the investor. Investor returns consist of royalties distributed on product sales.
  • Lifeline Venture Fund I is an early-stage fund, founded by three seasoned entrepreneurs. Lifeline's investment focus is on healthcare, games and technology companies.
  • Sentica Buyout IV invests in medium-sized Finnish companies that have attractive market positions and promising growth prospects. Sentica Buyout IV will begin operating in 2013.

At the end of the year, FoF Growth had commitments in altogether 10 funds, totalling €110m.

 

 

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