CapMan Growth

Overview

CapMan Growth is a Finnish private equity firm specializing in minority investments in growth-stage companies across the Nordic region. Established in 2017, the firm manages the CapMan Growth III Fund, which closed in 2024 with €130 million in commitments. The fund targets established companies with revenues between €10 million and €200 million, aiming to support entrepreneurs in scaling their businesses while retaining control. CapMan Growth's portfolio includes companies such as Tana, Innofactor, and Groweo. The firm's investment strategy emphasizes active ownership, partnering with entrepreneurs to build category-leading companies. CapMan Growth typically invests between €5 million and €20 million per company, either as the sole investor or alongside co-investors. The team has a strong track record in supporting growth companies and achieving successful exits, with notable examples including Picosun and Coronaria. The investor base consists mainly of reputable Finnish institutional investors and successful Finnish entrepreneurs. CapMan Growth is part of CapMan Plc, a leading Nordic private asset expert with over €5 billion in assets under management. CapMan has a broad presence in the unlisted market through its local and specialized teams, offering investment strategies covering real estate, infrastructure, natural capital, and minority and majority investments in portfolio companies. The firm is committed to sustainable investment practices and has set greenhouse gas reduction targets in line with the Science Based Targets initiative, aiming for net-zero emissions by 2040.

Investment Focus

• Established companies with revenues between €10 million and €200 million
• Entrepreneur-led businesses seeking minority investment to support growth and internationalization
• Companies operating in the Nordic region

Portfolio Companies