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Sunday, May 29, 2022

Finnish venture funds returns rise to 20% -study

Returns on investment at Finnish venture capital funds founded after 2009 have increased to 20% showed a study of Finnish state investment firm Tesi. In a similar study in 2018, the returns were at 8%.

“According to Tesi’s most recent survey of returns, the Finnish venture capital and buyout market is currently thriving.”

TESI study
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The survey analysed returns from investments of some 40 funds in the Finnish venture capital and private equity market in December 2020. The sample funds are divided into Venture Capital funds and Growth & Buyout funds. The funds are also grouped chronologically into new (2009-2015) and old (2002-2008) funds.

“Finnish venture capital funds’ returns have risen to an excellent level, even compared to their European peers.”

TESI study

Most of the reported returns in the venture capital market are still unrealised, the study said.

“The next development goal for the venture capital market is to generate more exits. The portfolio companies of the newer fund group will reach maturity soon, so significant capital distributions for investors are expected in the coming years,” Samuel Wendelin, Investment Analyst in Tesi’s Fund Investments team, said in statement.

The impacts of the COVID-19 pandemic on individual portfolio companies are noticeable, but the pandemic has had no significant impact on returns at the market level, it said.

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Tarmo Virki
Tarmo Virki
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