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Who Keva is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- Keva was founded in 1964, originally as the Local Government Pensions Institution.
- It began administering the pension scheme for municipal workers in 1988 and has since expanded its mandate to include pensions for employees of the state, the Evangelical-Lutheran Church, and Kela (the Social Insurance Institution of Finland).
Source of Capital
- Keva's capital is derived from pension contributions collected from public sector employers and their employees.
- As an independent body governed by public law, it is responsible for investing these pension funds to ensure their long-term security and return.
Allocation Strategy
- The fund invests across a diversified portfolio that includes fixed-income securities, listed equities, hedge funds, real estate, and private equity.
- Geographically, its direct real estate investments are focused on Finland and the Nordic countries, while its other investments are global.
- Keva's stated investment objective is to ensure the safety and return of pension assets over the long term, as required by law.
The funds Keva backs.
Keva is a limited partner in 126 funds. 8 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How Keva’s fund book is spread.
The 126 funds Keva 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 124 of 126 with a location on record.
- Europe 6552%
- North America 5242%
- Rest of world 76%
United States 50 · United Kingdom 27 · Finland 13 · France 6
How established those managers are
Managers grouped by how many funds they have raised. 35 emerging (three funds or fewer), 49 established — across the 84 of 126 with a fund history on record.
The companies Keva backs directly.
Keva holds 1 company 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.
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USA9
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Finland1
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India1
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Enterprise Software7
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Marketing2
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Fintech1
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Jobs Recruitment1
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Media1
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Security1
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Space1
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Telecom1
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Transportation1
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Travel1
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Seed7
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Series A2
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Series B+1
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Breakout Stage6
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Early Growth3
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Late Growth2
Inside Keva’s portfolio.
The 11 highest-funded portfolio companies, of 1 tracked.
ICOpAbFeSwGfVaBuRiSoiDWhere Keva’s portfolio founders come from.
15 founders across the 11 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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United States13
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Finland2
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Carnegie Mellon University3
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Aalto University2
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Indian Institute of Technology Bombay2
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Stanford University2
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Columbia University1
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Cornell University1
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Dartmouth College1
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Harvey Mudd College1
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Massachusetts Institute of Technology1
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Netaji Subhas University of Technology1
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Alphabet | Google4
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ADstruc1
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Alexa Internet1
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Amazon1
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Amazon Rekognition1
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Amazon Web Services1
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BEA Systems1
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BMC1
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Carnegie Mellon University Silicon Valley1
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Climate Pledge Fund1
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Keva by combined power-law score — Europe first, then the nearest worldwide.
