INVESTING IN GROWTH - Suomen Teollisuussijoitus Oy

FoF Growth

FoF Growth (Kasvurahastojen Rahasto Ky in Finnish) is a common fund established by government-owned investment company Finnish Industry Investment Ltd and Finnish employment pension companies Ilmarinen Mutual Pension Insurance Company, Local Government Pensions Institution, State Pension Fund, Eläke-Fennia Mutual Insurance Company, Tapiola Mutual Pension Insurance Company, OP Life Assurance Company Ltd, OP-Eläkekassa and Etera Mutual Pension Insurance Company. FoF Growth invests in funds that invest in growth companies.

For more information, please visit:

2.12.2008: Finnish pension companies and Industry Investment establish a MEUR 135 fund for financing growth companies

FoF Growth investments - portfolio

1) Initial investment commitment of FoF Growth (MEUR)
2) Initial total capital of the target fund (MEUR)

Year	Fund	Management company	1)	2)
2011	Power Fund III Ky	www.vntm.com	10.0	42.2
	Open Ocean Fund Three Ky	www.openoceancapital.com	10.0	40.0
2010	Conor Technology Fund II Ky	www.conor.vc	10.0	46.5
2009	Folmer Equity Fund I Ky	www.folmer.fi	10.0	28.6
2009	Nexit Infocom II LP	www.nexitventures.com	10.0	85.0
2009	Sentica Buyout III Ky	www.sentica.fi	15.0	109.0

In evaluation of their portfolio companies, FoF Growth target funds apply the International Private Equity and Venture Capital Valuation Guidelines. For more information, please visit www.privateequityvaluation.com.