Finnish Climate Fund combats climate change and promotes low-carbon industry.
Industry
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IPO status
Private
Description
The state-owned Finnish Climate Fund focuses on investing in industrial scale-ups of climate solutions and emissions reduction platforms. It provides capital loans and special funding instruments, with financing ranging from 1 to 20 million euros. The fund, which was formerly known as the Finnish State Development Company Vake, has a balance sheet of 2.8 billion euros and is primarily invested in Neste Oyj. With 21 employees, the fund is an infrastructure opportunistic fund that aims to combat climate change and promote digitalization with investment ticket sizes of 10-15 million euros.