Name: Pensioenfonds van de Metalektro
HQ: The Hague, Netherlands
AUM: €67.69 billion
Allocation to private equity: 4.44%
The new fund from Innovation Industries intends to make investments in about 10-15 technology start-ups and scale-ups, with a focus on businesses that are seeking to market ideas generated at universities.
The fund will invest in TMT sector in Western Europe and seek venture capital returns. PME has previously committed €75 million to Innovation Industries II.
PME allocates 4.44 percent of its total investment portfolio to private equity, comprising €3.01 billion in capital. As illustrated, the pension’s recent private equity commitments have focused on Western Europe vehicles with venture capital and buyout returns.
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