LP profile · Pension fund
Keva
Keva is a pension fund headquartered in Finland (Europe). Ranked #210 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Major Events
- No information available.
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.
Sources
- https://www.keva.fi/en/this-is-keva/investments
- https://www.keva.fi/en/this-is-keva/keva/
- https://www.keva.fi/en/this-is-keva/financial-information
- https://globalswf.com/fund/KEVA
- https://www.etk.fi/en/finnish-pension-system/administration-and-supervision/parties-to-the-pension-scheme/public-sector-pension-providers/
- https://www.ipe.com/news/finlands-keva-to-pile-on-extra-64bn-of-equities-mostly-listed/10069063.article