Single Family OfficeInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 5 SOURCES

Berling Capital Oy

Also known as Berling Capital

Helsinki single-family office with roots in 1976; former PE general partner investing its owners' own money, since 2014 an LP in PE funds plus listed equities and derivatives.

USEFUL FOR Fund managers raising capital

Family & background

HEADQUARTERS: Helsinki, Finland
FOUNDED: 1976
AUM: €100M (2026)

Investment approach

GEOGRAPHY: North AmericaEurope
ROUTES: Funds (as LP)
STRATEGIES: Funds (as LP)Private equityPublic equitiesHedge funds

Overview

Berling Capital Oy describes itself as a single-family office whose history goes back to 1976. From 1986 to 2014 it acted as a private equity general partner investing only its own and its owner's money, completing about forty acquisitions before selling its operating companies in 2014. Since then it has invested mainly in private equity funds as an LP, with a strong US weighting and no Asia exposure, alongside listed equities, ETFs, hedge funds and derivatives. At end-2021 it held stakes in 53 PE funds.

Investment thesis

Research-led, diversified investing with private equity funds as the main asset class, complemented by listed equities and equity funds, ETFs, hedge funds and equity or bond derivatives; risk managed through diversification.

Holdings & investments (5)

Taaleri
Fintech · since 2007 · Exited
eQ Oyj (formerly Amanda Capital)
Fintech · since 2006
Kämp Collection Hotels
Real Estate & PropTech · since 2004 · Exited
Confedent International
since 1996
Uneco Juomat
Food & Agriculture · since 1994 · Exited

People

Esa Karppinen
Founder / Owner · source
Kim Karppinen
Chairman of the Board / Owner · source
Anne Karppinen
Board Member (alternate) / Owner · source
Ira Karppinen
Board Member / Owner · source
Nanna Karppinen
Board Member (alternate) / Owner · source
Ria Fazer
Board Member · source

Frequently asked questions

Berling Capital Oy is a single family office based in Helsinki, Finland, founded in 1976.

Berling Capital Oy invests in third-party funds as an LP. Its stated asset mix includes funds (as lp), private equity, public equities and hedge funds.

Key people at Berling Capital Oy include Esa Karppinen (Founder / Owner), Kim Karppinen (Chairman of the Board / Owner), Anne Karppinen (Board Member (alternate) / Owner) and Ira Karppinen (Board Member / Owner).

Berling Capital Oy's holdings and investments include eQ Oyj (formerly Amanda Capital), Taaleri, Kämp Collection Hotels, Uneco Juomat and Confedent International.