# CapMan: portfolio, investments and team > CapMan is a private equity based in Finland. 10 investments on record, latest Oct 2011. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/capman (Millionrounds; every figure on the page links to its filing or article) Finland · [Investor](https://millionrounds.com/investors) # CapMan Last cheque observed Oct 2011. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet New fund $460M, Jun 2021 Private equity Seed Series A Series B Real_estate Infrastructure Natural_capital Follow CapMan and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcapman) Cheques on record **0%** of best year **0** **cheques in 12 months**, 10 on record Since the last cheque **5497** days **00** hrs **00** min **00** sec Median round **$5.2M** Rounds led **0 of 10** Sole investor **4 rounds** Exits **4 from the portfolio** Mostly in **Sweden, 40%** Pitch CapMan ## CapMan highlights - 01 10 rounds on record - 02 Mostly Venture and Series B: 89% of its rounds - 03 Sole investor in 4 rounds, median $4.8M - 04 4 exits from the portfolio ## What they do > We invest in and develop leading Nordic companies through active ownership and deep industrial expertise. From their own website - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B - **Sectors:** Real_estate Infrastructure Natural_capital - **Based in:** Helsinki, Finland - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2011** 1 round - **Oct** **[Lumex Instruments](https://millionrounds.com/company/lumex-instruments)** RU · finsmes.com **Undisclosed** Sole investor - **2008** 1 round - **Jul** **[Silex Microsystems](https://millionrounds.com/company/silex-microsystems)** Venture · SE · silexmicrosystems.com **$25M** With 2 others - **2007** 1 round - **Sept** **[Mawell](https://millionrounds.com/company/mawell)** Venture · GB **$11M** Sole investor - **2006** 4 rounds - **Dec** **[Solid Information Technology](https://millionrounds.com/company/solid-information-technology)** Venture · US **$5.2M** With 1 other - **Dec** **[Silex Microsystems](https://millionrounds.com/company/silex-microsystems)** Venture · SE · silexmicrosystems.com **$5.7M** With 1 other - **Apr** **[Ascade](https://millionrounds.com/company/ascade)** Venture · SE · ascade.com **$2.6M** With 1 other - **Feb** **[42Networks](https://millionrounds.com/company/42networks)** Series B · SE · capman.fi **$2.3M** Sole investor - **2005** 2 rounds - **Sept** **[Scan•Jour](https://millionrounds.com/company/scana-jour)** Venture · DK **$4.8M** Sole investor - **Jan** **[On2 Technologies](https://millionrounds.com/company/on2-technologies)** Series C · US **$5.2M** With 1 other - **2004** 1 round - **Apr** **[Solid Information Technology](https://millionrounds.com/company/solid-information-technology)** Series B · US **$14M** With 1 other An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **23 named** AJ **Atte Johannes Rissanen** Director of Cmrf Advisors Oy i Form ADV BS **Berenice Sophie Kunnari** Director of Cm III Feeder GP i Form ADV CN **CapMan Nordic Real Estate Manager S.A.** CapMan Nordic Real Estate Manager S.A. is the management company i Filing they signed CP **CapMan Plc** CapMan Plc is also the owner of the management company of the Fund. i Filing they signed CJ **Carl Johan Kristian Palsson** Director of Capman Ab i Form ADV CB **Chafai Baihat** Director of Capman Residential Manager S.a. i Form ADV ED **Edward Donat Williams** Director of Cmrf Advisors Oy i Form ADV HM **Heidi Maria Sulin** Director of Capman Capital Management Ltd i Form ADV JA **James Arthur Dolton** Director of Capman (Guernsey) Buyout Viii GP Ltd i Form ADV JS **Juha Salokoski** Director of the General Partner of CMRF Feeder i Filing they signed JP **Jussi Pellervo Paronen** Director of Capman Capital Management Oy i Form ADV MT **Michael Trump** Director of Capman (Guernsey) Ltd i Form ADV MB **Michele Basilico** Director of the General Partner of CMRF Feeder i Filing they signed MM **Mika Markus Matikainen** CEO of Capman Real Estate Oy i Form ADV NV **Nicolai von den Benken** Dir of Mgt Co of CAPMAN RESIDENTIAL FUND FCP-RAIF (CMRF Master). Dir of GP of CMRF FEEDER SCA SICAV-RAIF (CMRF Feeder) i Filing they signed OL **Olli Liitola** Liitola is a director of CapMan Nordic Real Estate Manager S.A. i Filing they signed PE **Pasi Erlin** Director i Filing they signed PD **Paul-Arnaud de Stexhe** Director of the Management Company of CMRF Master i Filing they signed SB **Serge Bijnens** Bijnens is a director of CapMan Nordic Real Estate Manager S.A. i Filing they signed SP **Svetlana Panfilova** Panfilova is a director of CapMan Nordic Real Estate Manager S.A. i Filing they signed TM **Tiina Maria Halmesmäki** Director of Capman Capital Management Ltd i Form ADV TB **Torsten Bjerregaard** Director of Cmrf Advisors Oy i Form ADV VA **Ville Akseli Poukka** Director of Capman Infra Management Oy i Form ADV We also hold **72** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$2.2B** gross assets of its funds, 3 advisers combined Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** CMRF Advisors OY - **SEC number:** CRD 162127 ## What they claim to have backed From their own portfolio page (on their website) **0** of 1 we have independently watched raise Whistleblower Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **4 in all** **[Ascade](https://millionrounds.com/company/ascade)** Bought by CSG International **$19M** Jul 2012 **[On2 Technologies](https://millionrounds.com/company/on2-technologies)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$130M** Feb 2010 **[Solid Information Technology](https://millionrounds.com/company/solid-information-technology)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Dec 2007 **[42Networks](https://millionrounds.com/company/42networks)** Bought by PacketFront **Undisclosed** Dec 2006 An exit counts when it came after the firm's first round in the company. From historical deal records. ## Companies it bought Acquisitions by the firm itself **Metso Drives** **Undisclosed** Mar 2005 New fund on file **$460M** raised in Jun 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Seed Series A Series B Median round joined **$5.2M** the round, not its cheque Alone, median **$4.8M** Led 0 of 10 rounds **0%** - **Sole investor:** 4 rounds - **Last cheque:** Oct 2011 - **Exits:** 4 from the portfolio Rounds by stage said on their site - Venture *6* - Series B said *2* - Series C *1* - Seed said *-* - Series A said *-* Cheques by year Led Joined 2004 2011 Often in the room with - [Apax Partners](https://millionrounds.com/fund/apax-partners) 2 **Pitching CapMan?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as CapMan. A count of rooms they were both in, not a relationship either has claimed. [**Apax Partners** Private equity **2** rounds together](https://millionrounds.com/fund/apax-partners) ## Quick answers about CapMan ### What does CapMan invest in? CapMan invests most often at Venture and Series B (89% of the rounds on record), in sectors such as Real_estate, Infrastructure and Natural_capital. ### How active is CapMan? 10 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2011. ### How big are CapMan's cheques? The median round it joins is $5.2M. ### Does CapMan lead rounds? Rarely, if at all: none of its 10 investments on record names it as the lead. ### Where does CapMan invest? Most of the companies it backs are in Sweden (40%), the United States (30%) and Russia (10%). ### Is CapMan investing now? No investments in the last 12 months; the latest was in Oct 2011. ### Who does CapMan invest alongside? Most often Apax Partners (2 rounds together). ### What kind of investor is CapMan? CapMan is a private equity firm based in Helsinki, Finland. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=capman) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=capman)