AMANDA CAPITAL PLC STOCK EXCHANGE RELEASE
Amanda Capital Plc has updated its investment strategy so that the company can
in the future also invest in listed private equity companies and funds. The new
investment strategy is as follows:
Amanda Capital Plc may make investments in private equity funds on the primary
market, carry out secondary transactions and make direct investments in unlisted
companies and listed private equity companies and funds.
The objective is to build a diversified portfolio by investing in different
private equity funds in different geographical areas taking into account the
following restrictions:
(i) Amanda's primary geographical focus is Europe, which means that more than
half of the investment commitments have to be invested in Europe.
(ii) Amanda may invest at most 25 % of the investment commitments in so called
emerging markets.
(iii) Amanda may invest at most 25 % of the investment commitments in venture
capital funds.
(iv) The share of an individual buy-out fund may not exceed 15 % of the
investment commitments.
(v) The share of an individual venture capital fund may not exceed 10 % of
Amanda's portfolio of investment commitments.
(vi) An investment made in one company may not exceed 5 % of Amanda's Equity.
(vii) Amanda may take short-term credit to make investments for an amount
corresponding at most to 20 % of the Equity. The purpose of the credit is to
guarantee Amanda's liquidity towards the target funds in all situations.
(viii)The share of Amanda's investment commitments may be at maximum 20 % of the
total commitments of any target fund.
Direct investments made in unlisted companies may not exceed in aggregate 20 %
of the Equity.
Investments in listed private equity companies and funds shall be made
diversified and mainly through mutual funds. The value of the listed investments
may not exceed 25 % of Amanda's equity.
The objective of Amanda is to make investments with the so-called over
commitment strategy. The goal is that 100 per cent of the balance sheet is
invested in private equity.
AMANDA CAPITAL PLC
Board of Directors
Additional Information: CEO Petteri Änkilä, tel. +358 9 6829 6011
Distribution: OMX Nordic Exchange in Helsinki, www.amandacapital.fi
The Amanda Group is a private equity management company. Its parent company is
the first publicly listed private equity fund of funds in Scandinavia. Amanda
has investments in 24 private equity funds and in four funds of funds under
Amanda's own management.
Amanda Group is one of Finland's largest management companies of private equity
fund investments. It manages several private equity fund portfolios under
consultancy agreements and six private equity funds of funds with several
domestic and international institutions as investors. Amanda Group currently has
EUR 2.3 billion of assets under management (original investment commitments)
with which it has made investments in more than 100 private equity funds in
Europe, the US, Asia, and Russia.