K
LP profile
Keva
Pension fund · Founded 1964 · Helsinki, Finland
126
VC firms backed
$70B
AUM
~$2.1B
Allocated to VC (est. 3%)
01 · Background
Who Keva is.
- 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.
02 · Fund commitments
The funds Keva backs.
Keva is a limited partner in 126 funds. 8 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Index Ventures
#11 Power Law
Insight Partners
#23 Power Law
TPG
#158 Power Law
SAIF Partners
#159 Power Law
Silver Lake Partners
#180 Power Law
Warburg Pincus
#233 Power Law
Bain Capital
#239 Power Law
Blackstone
#240 Power Law
3i Group
Aberdeen Asset Management
Abingworth
Advent International
Advent Venture Partners
Affinity Equity Partners
Alcuin Capital Partners
Aliansce
Alta Berkeley Venture Partners
Altor Equity Partners
Alyeska Investment Group
Antin Infrastructure Partners
Apollo Global Management
Arcmont Asset Management
Arcus Infrastructure Partners
Ardian
Ares Commercial Real Estate Corporation
Ares Management
Hermes GPE
HPEF Capital Partners
Indigo Capital
Jerusalem Venture Partners
K2 Asset Management Holdings
MBK Partners
03 · Allocation
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 — across the 84 of 126 with a fund history on record.
Emerging funds · 35
Established funds · 49
14
1
12
2
9
3
3
4
13
5-6
14
7-9
7
10-14
12
15+
Funds raised by the manager
04 · Direct investments
The companies Keva backs directly.
Keva holds 1 company directly, separate from the funds it commits to as a limited partner.
05 · Other LPs
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.
🇬🇧
Hampshire Pension Fund
$9.0B AUM
48 VC funds backed
🇩🇰
Industriens Pension
$31B AUM
84 VC funds backed
🇬🇧
West Midlands Pension Fund
$25B AUM
69 VC funds backed
🇺🇸
Northwestern Memorial Hospital Employees' Pension Trust
18 VC funds backed
🇺🇸
Northwestern Memorial Hospital Employees' Pension Plan
15 VC funds backed
🇺🇸
American Federation of Musicians and Employers' Pension Fund And Subsidiary
$2.4B AUM
33 VC funds backed
🇸🇪
AP3
$51B AUM
45 VC funds backed
🇫🇮
Elo
$30B AUM
85 VC funds backed