Jenny and Antti Wihuri Foundation and Emil Aaltonen Foundation have entered into a multi-year agreement with eQ Asset Management concerning the outsourcing of their private equity and other alternative investments. The outsourcing agreements comprise both existing and new investments to be made. The new investments will be made by joining an existing fund structure established earlier this year between Finnish Cultural Foundation and eQ Asset Management, the final size of which will now increase to 120 million euro. In addition, the existing commitments that eQ will manage on behalf of Finnish Cultural Foundation, Jenny and Antti Wihuri Foundation and Emil Aaltonen Foundation total 200 million euro.

”We are very pleased that our co-operation with Jenny and Antti Wihuri Foundation now expands from a fund investor relationship into a full-scale private equity solution. Furthermore, we are excited that our asset management relationship with Emil Aaltonen Foundation also expands into private equity. We are a domestic service provider with a global network within the private equity asset class - thus we can deliver a one-stop-shop private equity solution to our clients”, says eQ’s Head of Private Equity Staffan Jåfs.

”The investment horizon of foundations is perpetual and private equity investments are long-term. Corporate development and the financing of solid, growing companies have always been at the heart of our investment philosophy. For this reason, private equity investments will continue to play an important role in our investment allocations”, says Arto Mäenmaa, Executive Director of Jenny and Antti Wihuri Foundation. ”Foundations seek to organise their investment activities in an efficient manner and the opportunity to join an existing, tailor-made fund structure allows us to invest our assets more efficiently while freeing up our own resources”, says Kari Mustakallio, Executive Director of Emil Aaltonen Foundation.

For further information, please contact:

Staffan Jåfs, head of private equity, eQ Asset Management

+358 40 830 9045 / staffan.jafs(at)eQ.fi