Compliance
AIFM license
We conduct our operations through two management companies (AIFM’s): Lifeline Ventures Fund Management Oy, a registered Alternative Investment Fund Manager, and LLV Fund Management Oy, an authorized Alternative Investment Fund Manager. Both of these entities are supervised by the Finnish Financial Supervisory Authority.
FVCA and FSC memberships
Lifeline Ventures is a member of the Finnish Venture Capital Association (FVCA) and follows the association’s rules and guidelines. We are also a member of the Finnish Startup Community (FSC).
Reporting and valuation guidelines
We follow Invest Europe’s Investor Reporting Guidelines in our investor reporting. The valuation of the portfolio is based on our Valuation Policy which is aligned with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.
Our funds
Lifeline Ventures Fund I Ky (€28.8m)
Lifeline Ventures Fund II Ky (€17.1m)
Lifeline Ventures Fund III Ky (€57.0m)
Lifeline Ventures Fund IV Ky (€130.0m)
Lifeline Ventures Fund V Ky (€154.5m)
Lifeline Ventures Fund V Feeder Ky (€13.0m)
Funds’ investors
Pension funds: 30%
Family offices: 29%
Fund of funds: 14%
Other asset managers: 11%
Endowments and foundations: 8%
Insurance companies: 3%
Corporate investors: 2%
General Partners: 2%
Private individuals: 1%
Finland: 91%
Rest of Europe: 8%
Outside of Europe: 1%
Contact for media
Timo Ahopelto, [email protected]
Approach to responsible investment, ESG and sustainability
WHISTLEBLOWING CHANNEL
Regarding any violations to Lifeline Ventures’ Code of Conduct, suspicions on bribery, corruption, money laundering, discrimination or harassment when working with us or within our portfolio company please contact any one of our team members or use our anonymous and confidential form:
PRIVACY STATEMENT
Please find the Privacy Statement here
SFDR
The partnerships are constantly carefully managed and ESG risks taken into consideration in making investment decisions.
When it comes to SFDR, for the time being Lifeline Ventures (LLV Fund Management Oy & Lifeline Ventures Fund Management Oy) do not consider adverse impacts of investment decisions on sustainability factors as meant in Article 4(1) of the EU Regulation 2019/2088 on sustainability-related disclosures in the financial services sector (“SFDR”) due to the following reasons:
- The more detailed requirements relating to the consideration of adverse impacts of investments decisions on sustainability factors are still rather unclear due to the related regulatory incompleteness.
- Considering that the portfolios of the managed funds consist of a number of minority investments in unlisted early-stage companies, it is not certain whether all data can be reliably obtained with respect to each portfolio company.
- Lifeline Ventures’s approach is to tackle the ESG & sustainability topic in each portfolio company as per their specific situation. We search and gain this knowledge by holding board positions in the companies we invest in, and by making an annual ESG evaluation of each of them.
- As active owners, we understand what each company’s ESG possibilities and risks are. We believe we can also help the companies the most by focusing on those topics and thus getting the most significant impact on sustainability and responsibility.
Once there are more detailed regulations regarding measuring, considering, and reporting adverse impacts on sustainability factors, Lifeline Ventures intends to reconsider its approach.
Lifeline Ventures does not systematically consider sustainability risks in its remuneration policy. The variety and diversity of the portfolio companies that each investment professional manages makes it challenging to set common portfolio wide sustainability targets. However, individual targets set to investment professionals may contain elements regarding sustainability based on detected risks or possibilities in portfolio companies or improving Lifeline Ventures’ ESG governance.
Lifeline Ventures Fund V Ky is an Article 8 Fund. Products in this category promote environmental and / or social characteristics. Further details on the Fund’s sustainability information can be accessed in the Fund’s Sustainability related disclosure document. A summary in Finnish is available here.
Lifeline Ventures will publish major findings about harmful effects on sustainability factors in its annual report (vuosikertomus) if those arise.