LP profile · Pension fund
Elo
Elo is a pension fund headquartered in Finland (Europe). Ranked #211 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Sources
- https://www.elo.fi/en/about-elo
- https://www.finanssivalvonta.fi/en/publications-and-press-releases/Press-release/2022/authorised-representatives-supervision-of-elo-mutual-pension-insurance-company-to-end/
- https://www.vestbee.com/lp-list/elo-mutual-pension-insurance-company
- https://global-pension-transparency-benchmark.top1000funds.com/global-pension-transparency-benchmark-funds-2024/elo/