Mandatum Asset Management Growth Equity II raised EUR 140 million and is now Finland’s largest active growth fund
Mandatum Oyj, Press release 2 September 2024, 9:00 a.m. EEST
The subscription period for the MAM Growth Equity II Fund has ended. A total of EUR 140 million were raised, and the fund is now looking for new investments.
Mandatum’s Growth Equity strategy focuses on the scale-up phase of Finnish and Nordic growth companies. It takes part in exceptional growth journeys by being an active owner and providing expertise, networks and flexible growth capital to companies with a proven business model and ambitious management teams. Partnering with entrepreneurs, other owners and senior management is central to the Growth Equity team.
The final investment of MAM Growth Equity I, the predecessor of MAM Growth Equity II, was made in February 2023. MAM Growth Equity II has now completed its fund raising. The fund's anchor investors are Varma and Tesi. The client assets under management in the strategy’s first and second vintages total approximately EUR 300 million.
“It is fantastic that our clients have trusted us with their capital despite the challenging market environment. MAM Growth Equity II is at EUR 140 million the largest active growth equity fund in Finland. My heartfelt thanks to our clients,” says Lauri Vaittinen, CEO of Mandatum Asset Management.
MAM Growth Equity II has already invested in three companies, with the most recent investment involving Finnish Integrata. MAM will support Integrata with, for example, international growth and the development of its technology solutions.
“We are happy that we now have a significant pool of capital that we can provide to companies and help them grow. Indeed, we are now focusing on finding suitable companies to invest in. In addition to capital, we also help companies grow and reach their full potential by providing them with access to our expertise, tools and network,” says Alexander Antas, Head of Private Equity at Mandatum Asset Management.
Mandatum’s Growth Equity team has taken part in the development of companies like Haltian, Nosto, Cadmatic, Oddlygood and HappySignals. It invests in companies that have passed the startup phase and have a turnover of at least EUR 10 million. The strategy provides companies and owners with a flexible minority solution, providing the company with growth capital and the owners with liquidity.
Additional information:
Alexander Antas
Head of Private Equity, Mandatum Asset Management
Tel. +358 40 533 0986
alexander.antas[a]mandatumam.com
Niina Riihelä
SVP, Communications, brand and sustainability, Mandatum plc
Tel. +358 40 728 1548
niina.riihela[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider that combines expertise in wealth management and life insurance. Mandatum offers clients a wide array of services covering asset and wealth management, savings and investment, compensation and rewards as well as pension plans and personal risk insurance. Mandatum offers services to corporate, retail, institutional and wealth management clients.
Mandatum’s subsidiary, Mandatum Asset Management (MAM), is a Nordic asset manager. MAM offers discretionary and consultative asset management for institutional and other professional investors and manages a variety of investment products within its core areas of credit, private equity, real estate and equity selection. MAM’s GE team focuses on the scale-up phase of Nordic growth companies with a proven business model and ambitious management teams.
This marketing communication is related to Mandatum Asset Management Ltd's ("MAM") MAM Growth Equity II Fund (the “Fund”). This document is prepared by MAM, portfolio manager of the Fund. The Fund is managed by Mandatum AM AIFM Ltd (Bulevardi 56, 00100 Helsinki, P.O Box 1221, 00120 Helsinki, Finland). The Fund is available only to professional clients.
This marketing communication does not constitute investment advice. Please refer to official fund documents before making any final investment decision.