Borenius advised Finnish Industry Investment Ltd (Tesi), a state-owned investment company, on the formation of its fourth fund of fund called Kasvurahastojen Rahasto IV Ky (“KRR IV”). KRR IV has raised EUR 165 million from institutional investors and will continue its predecessors’ investment strategy of investing in Finnish venture capital, growth and select buyout funds.
Alongside Tesi, KRR funds act as an anchor investor for Finnish venture capital, growth and small buyout funds. To date, KRR IV’s predecessors (i.e. KRR I, KRR II and KRR III) have invested in 30 venture capital and small buyout funds.