Compliance

AIFM license

We are a registered alternative investment fund manager (AIFM). We are supervised by the Finnish Financial Supervisory Authority.

FVCA membership

Lifeline Ventures is a member of the Finnish Venture Capital Association (FVCA) and follows the association’s rules and guidelines.

Reporting and valuation guidelines

We follow Invest Europe’s Investor Reporting Guidelines in our investor reporting. The valuation of the portfolio is done in accordance 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)

Funds’ investors

Pension companies: 25%
Funds of funds: 22%
Family offices: 22%
Public sector: 16%
Other asset managers: 4%
General Partners: 4%
Insurance companies: 3%
Private individuals: 3%
Foundations: 1%

Finland: 94%
Rest of Europe: 5%
Outside of Europe: 1%

Contact for media

Timo Ahopelto, timo@lifelineventures.com

Approach to responsible investment, ESG and sustainability

See our policy 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 will publish major findings about harmful effects on sustainability factors in its annual report (vuosikertomus) if those arise.