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Ilmarinen
Pension fund · Founded 1961 · Helsinki, Finland
Who Ilmarinen is.
- Historical Background
- Ilmarinen was established in 1961, the same year Finland's employment pension system was created. As a mutual company, it is owned by its customers, which include client companies, their employees, and self-employed individuals.
- Source of Capital
- The firm's capital is derived from statutory earnings-related pension insurance contributions from Finnish employees and entrepreneurs. Ilmarinen is a key component of Finland's social security system, tasked with managing these pension assets to ensure future liabilities are met.
- Major Events
- In 2018, Ilmarinen merged with its competitor Etera Mutual Pension Insurance Company, a significant consolidation in the Finnish pension sector.
- Allocation Strategy
- The company invests across a diversified range of asset classes, including fixed income, equities, real estate, and other alternatives. Geographically, the portfolio has a substantial allocation to its domestic market in Finland, but also maintains significant international investments. The stated goal of its investment activity is to secure pension assets for the long term through sustainable and responsible wealth accumulation.
The funds Ilmarinen backs.
Ilmarinen is a limited partner in 194 funds. 7 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How Ilmarinen’s fund book is spread.
The 194 funds Ilmarinen 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 192 of 194 with a location on record.
- Europe 11660%
- North America 6433%
- Rest of world 126%
United States 64 · United Kingdom 40 · Finland 39 · France 8
How established those managers are
Managers grouped by how many funds they have raised — across the 110 of 194 with a fund history on record.
The companies Ilmarinen backs directly.
Ilmarinen holds 15 companies directly, separate from the funds it commits to as a limited partner. Broken 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.
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Finland14
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Netherlands1
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Sweden1
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Health4
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Transportation3
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Semiconductors2
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Sports2
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Wellness Beauty2
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Energy1
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Enterprise Software1
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Gaming1
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Real Estate1
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Space1
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Series A6
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Series B+5
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Seed1
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Breakout Stage6
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Early Growth6
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Late Growth3
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Mature1
Inside Ilmarinen’s portfolio.
The 15 highest-funded portfolio companies, of 12 tracked.
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Na
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BrWhere Ilmarinen’s portfolio founders come from.
26 founders across the 16 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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Finland20
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Sweden5
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United Kingdom1
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Aalto University4
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University of Oulu3
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KTH Royal Institute of Technology2
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Teknikhögskolan2
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Chung Ling (National Type) High School 鍾靈(國民型)中學1
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INSEAD Business School1
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Lappeenranta University of Technology1
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Örebro University1
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Peter the Great St.Petersburg Polytechnic University1
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St Edward's School1
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Aalto University4
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Nokia Corporation4
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Navi Wheel2
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SSE Business Lab2
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Swedish Armed Forces2
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Akkurate1
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Altor Equity Partners1
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Altorlocks1
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Arkwright Consulting1
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AVITO1
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Ilmarinen by combined power-law score — Europe first, then the nearest worldwide.