Umo Capital Oy
Also known as Ulkomarkkinat Oy
Helsinki family office founded 1949 as Ulkomarkkinat Oy, run by the founders' third generation; invests the owners' capital across asset classes with a Nordic focus.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- HEADQUARTERS
- Helsinki, Finland
- FOUNDED
- 1949
Investment approach
- GEOGRAPHY
- FinlandEuropeGlobal
- ROUTES
- Direct investments
- STRATEGIES
- Private equityVenture capitalReal estateHedge fundsPublic equities
Overview
Umo Capital Oy, formerly Ulkomarkkinat Oy, was established in 1949 and has been run as a family office in Helsinki; its original business was importing machinery and equipment for meat-processing and other food industries. It is now managed by the third generation of the founders, with a team handling fiduciary, trust and estate matters and financial investments. It invests in private equity and venture capital and holds most asset classes, including real estate and hedge funds, with most weight in equities and a focus on Finland and the Nordics alongside global holdings.
Investment thesis
Long-term private investment company seeking stable returns over each year and cycle to preserve and grow the owners' capital, using dynamic allocation across asset classes with a Nordic focus and stable core holdings.
People
- Joonas HaakanaChief Investment Officer · source
- Erkki MyllärniemiManaging Director · source
- Topi PielaBusiness Partner · source
Classification
Single Family Office. Manages one family's own capital, with no outside investors. The family bears every loss. How family capital is classified →
FAQ
Umo Capital Oy is a single family office based in Helsinki, Finland, founded in 1949.
Umo Capital Oy invests directly in companies. Its stated asset mix includes private equity, venture capital, real estate, hedge funds and public equities.
Umo Capital Oy invests in Food & Agriculture, Software & SaaS, HealthTech and Climate & Energy.
Key people at Umo Capital Oy include Erkki Myllärniemi (Managing Director), Joonas Haakana (Chief Investment Officer) and Topi Piela (Business Partner).