Evli's new Evli Private Capital Fund I alternative fund is Finland's first thematic growth equity fund focused on minority investments. The fund will be diversified across 5-8 target companies in Finland and Sweden, with a lifespan of 8+2 years and an annual net return target of 20-30%*.
The green transition is one of the most important growth drivers both now and in the coming decades, with global investment needs driven by climate change estimated to be in the range of USD 100-150 trillion by 2050**. Evli's new Evli Private Capital Fund I will enable investors to capitalize on attractive opportunities from the green transition megatrend.
From the fund’s perspective, the investment environment and timing in both Finland and the Nordic countries is very positive, with up to EUR 260 billion*** expected to be invested in the green transition in Finland alone in the coming years. In addition, Finland has a stable business environment which fosters innovation, along with a highly skilled workforce.
Experienced team behind the fund
The Evli Private Capital team consists of experienced investment professionals and is part of Evli's 38-person alternative investment organization. The team's founding partners, Kalle Kekkonen and Kia Aejmelaeus, have proven the effectiveness of the investment strategy over the past three years through private equity investments in several exciting growth companies promoting sustainable development, including Proventia, Solnet Green Energy, Bladefence and Elcoline. The aim now is to continue the implementation of the previous investment strategy through the new fund.
As a result of its active work, the team also has a substantial existing deal flow, strong networks and a good reputation in the market.
The investment themes selected by the team around energy sector transformation, resource efficiency and the circular economy offer a significant number of attractive investment opportunities, indicating a relatively quick investment timeframe. At the same time, the timing of the fund launch is favorable, as some of the best performing funds have historically been launched during a downturn, when it is possible to get into interesting companies at a reasonable valuation level.
Like all Evli funds, Evli Private Capital Fund I will follow the principles of responsible investment. In addition to integrating sustainability analysis and monitoring into the investment process, the fund will promote environmental and social characteristics in accordance with Article 8 of the SFDR.
For more information:
Kalle Kekkonen, Managing Partner, Evli Private Capital, Evli Fund Management Company Ltd, tel: +358 50 304 5861, kalle.kekkonen@evli.com
* The return target is based on an assessment of the value of the investment and the development of market conditions. The target return may not be achieved, as the realised return will depend on the success of the investment activity and the actual market development.
** Sources: Boston Consulting Group (BCG and Climate Leadership Coalition (CLC) Finland’s Moonshots for Green Growth - Maximizing Finland’s Growth and Handprint in the Green Transition, 02/2023. Ministry of Finance Finland: Economic Survey, Summer 2023.
*** Sources: The Finnish Climate Fund and AFRY
NB! This product is intended for professional investors and a limited number of non-professional clients who make an investment of at least € 100,000 and who are considered to have an adequate understanding of the fund and its investment activities.
The scenarios presented herein are estimates based on historical data on the performance of similar investments, as well as current market conditions, and they are not exact indicators. Actual results will vary, depending on the market development during the fund term.
