MANAGEMENT OF PRIVATE EQUITY FUNDS
Teknoventure has operated as a manager of private equity funds since 1991 and is a Registered Alternative Fund Manager. Finnish Venture Capital Association has given recommendations to improve transparency in the venture capital business. Noweco group follows these recommendations on this website. The Noweco group is a member of the Finnish Venture Capital Association and follows the international guidelines for investor reporting laid out by European Private Equity and Venture Capital Association. Furthermore, our valuations of the target companies follow the International Private Equity and Venture Capital Valuation Guidelines (IPEVG).
| Managed funds / investment funds collected and the number of investments are as follows: | ||||
|---|---|---|---|---|
| Fund | Invested capital (M€) | Companies | Start year | Closing |
| Nordic Option OY | 22.0 | 50 | 1994 | Managed until 1/2017 |
| Lapin rahasto I KY | 3.2 | 4 | 2001 | Closed in 2013 |
| Jokilaaksojen Rahasto I KY | 5.4 | 8 | 2001 | Closed in 2016 |
| Teknoventure Rahasto II KY | 15.0 | 14 | 2002 | Closed in 2016 |
| Teknoventure Rahasto III KY | 16.0 | 7 | 2007 | Closed in 2018 |
| Wedeco Fund IV KY | 11.0 | 7 | 2008 | |
| Total | 72.6 | 90 | ||
Teknoventure has collected a total of EUR 73 million of investment capital from institutional investors, private companies, cities and municipalities. According to management agreement, Teknoventure’s tasks include also the placement of investment assets on portfolio companies, other capital management issues of the companies in question, average value creation for 3-7 years on the investment and the sale of the target company to the new owner. Overall (funds + companies) we have been involved in collecting funding for our arrangements for approximately EUR 250-300 million.