Hermitage is a Finnish family office focusing on equity investing globally.

Private Equity and Venture Capital

Our primary focus in private equity is in buyout funds. In venture capital we prefer first-time or emerging managers that add value through differentiated deal sourcing and hard work. Our investment criteria include but are not limited to:

• Deal sourcing credibility
• Team structure and incentivization
• Viability of the strategy
• Track record

We have been active investors in the VC ecosystem, often serving on multiple advisory boards of VC funds.

Listed Equities

On top of large index-like mandates and fund-investments, we also look for sources of differentiated alpha from managers in niche areas, such as country specific small capitalization stocks. Our investment criteria include but are not limited to:

• A unique or otherwise differentiated opportunity
• Excellent fund management and track record

For us, it is important for fund managers to have imagination and not settle for bulk solutions or closet indexing.

Direct Investments

Most Hermitage investments are made directly into our associate companies. We have a history and track record of successful investing in financial services companies, but are open to other areas. Our investment criteria include but are not limited to:

• Good growth opportunity
• Excellent management
• Solid business concept

We are active investors willing to add value to our associate companies through strategic planning and boardwork, if needed.

Notable direct investments include Taaleri, Blic, and Futurice