Institution: Elo Mutual Insurance Company
Headquarters: Espoo, Finland
Allocation to alternatives: 23.20%
Elo Mutual Insurance Company increased its allocation to private equity from 7.2 percent in March 2018 to 9.3 percent in March 2019, according to the firm’s Q1 report.
The €23.42 billion Finnish insurance firm has increased its private equity exposure for five successive years since adopting its current format following a 2014 merger.
As illustrated in the charts below, Elo Mutual tends to favour private equity investments in Western Europe with a focus on TMT.
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