E
Who Elo is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- Elo was formed in 2014 through the merger of Pension Fennia and LocalTapiola Pension.
- It is one of Finland's largest pension insurance providers, particularly for self-employed individuals.
Source of Capital
- The firm's capital is derived from statutory earnings-related pension insurance contributions.
- Elo manages pension provisions for employees in its client companies and for self-employed persons in Finland.
Major Events
- The company was established through the merger of two existing pension entities: Pension Fennia and LocalTapiola Pension.
- In December 2020, the Finnish Financial Supervisory Authority (FIN-FSA) appointed an authorized representative to supervise the company; this supervision concluded in June 2022 following measures taken by Elo to improve its corporate governance.
Allocation Strategy
- Elo invests across a diversified range of asset classes, including fixed income, equities, real estate, and alternative investments.
- The company's alternative investment portfolio includes an allocation to venture capital.
- As of early 2024, Elo's investment assets were valued at approximately EUR 30 billion.
The funds Elo backs.
Elo is a limited partner in 179 funds. 6 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How Elo’s fund book is spread.
The 179 funds Elo backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 175 of 179 with a location on record.
- Europe 10158%
- North America 6738%
- Rest of world 74%
United States 66 · Finland 45 · United Kingdom 35 · Sweden 8
How established those managers are
Managers grouped by how many funds they have raised. 55 emerging (three funds or fewer), 64 established — across the 119 of 179 with a fund history on record.
The companies Elo backs directly.
Elo holds 5 companies directly, separate from the funds it commits to as a limited partner.
How those direct holdings break down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
-
Finland5
-
Consumer Electronics1
-
Energy1
-
Engineering and Manufacturing Equipment1
-
Health1
-
Space1
-
Series B+3
-
Series A1
-
Breakout Stage2
-
Early Growth1
-
Late Growth1
-
Mature1
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Elo by combined power-law score — Europe first, then the nearest worldwide.
Key people at Elo.
