Mandatum Asset Management Growth Equity Raises €140 Million

– Mandatum’s Growth Equity strategy focuses on the scale-up phase of Finnish and Nordic growth companies.

– It actively participates in growth journeys by providing expertise, networks, and flexible growth capital.

– It targets companies with a proven business model and ambitious management teams.

– Collaboration with entrepreneurs, other owners, and senior management is central to the Growth Equity team.

– MAM Growth Equity I made its final investment in February 2023, and MAM Growth Equity II has completed its fundraising.

– Anchor investors in MAM Growth Equity II include Varma and Tesi.

– The first and second vintages of the strategy have client assets under management totaling approximately €300 million.

– “MAM Growth Equity II is at €140 million the largest active growth equity fund in Finland,” said Lauri Vaittinen, CEO of Mandatum Asset Management.

– MAM Growth Equity II has already invested in three companies, including Finnish company Integrata.

– Mandatum will support Integrata with 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,” said Alexander A. Head of Private Equity at Mandatum Asset Management.

– The Growth Equity team is focusing on finding new companies to invest in and providing capital, expertise, and access to their network.

– The team has previously worked with companies such as Haltian, Nosto, Cadmatic, Oddlygood, and HappySignals Ltd.

– The strategy targets companies with a turnover of at least €10 million and offers flexible minority investment solutions for growth capital and liquidity for owners.

– Mandatum Asset Management belongs to the Mandatum Group together with its sister company, Mandatum Life Insurance Company. The Chairman of the company’s Board of Directors is Mandatum Group’s President and CEO Petri Niemisvirta. Lauri Vaittinen is the company’s President and CEO.