PRESS RELEASE
8 December 2014, at 1:30 p.m.
THE CENTRAL CHURCH FUND OF FINLAND OUTSOURCES THE ADMINISTRATION AND REPORTING OF ALL EXISTING PRIVATE EQUITY AND REAL ESTATE FUND INVESTMENTS TO eQ
The Central Church Fund of Finland (CCF) and eQ Asset Management Ltd (eQ) have signed an agreement by which CCF outsources the administration and reporting of all existing private equity and real estate fund investments to eQ. This agreement is an extension to the agreement signed by the parties last year where CCF outsourced all new private equity investments to eQ.
’’The Central Church Fund is one of the largest institutional investors in Finland and we are very pleased to have been appointed as their partner in the administration and reporting of their private equity and real estate fund investments. These investments, especially private equity, offer a higher expected relative return when compared with other asset classes. Their administration and reporting is, however, resource intensive requiring specialized systems, specific operational knowledge and resources. The private equity administration team of eQ has a long experience in managing and administrating large scale investment programs’’, concludes Staffan Jåfs, Head of Private Equity at eQ Asset Management.
”Relative to their portfolio weights and when compared with other asset classes, the administration and reporting of private equity and real estate fund investments require a lot of resources. By outsourcing this part of our investment administration to eQ, we believe we can increase the quality of private equity and real estate fund reporting and analysis and direct resources more efficiently to our core activities’’, says Ira van der Pals, The Chief Investment Officer of The Central Church Fund of Finland.
Further information:
Staffan Jåfs, Head of Private Equity, eQ Asset Management Ltd,
tel. +358 9 6817 8736 / e-mail: staffan.jafs@eq.fi
Ira van der Pals, Chief Investment Officer, The Central Church Fund of Finland,
tel. +258 9 1802 478/ e-mail: Ira.Vanderpals@evl.fi
eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 7.4 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
More information about the Group is available on our website at www.eQ.fi.