Strategy

Fund mandate

Allokiera is a fund of funds dedicated exclusively to venture capital. We invest in institutional-grade VC firms operating in the Nordic and Baltic region. We do not invest directly in portfolio companies.

Our mandate is to build a diversified portfolio of venture capital fund commitments that provide exposure to high-quality managers across stages, vintages, and strategies. We target both established franchises and emerging managers with differentiated capabilities.

Investment focus

We allocate capital to venture capital funds with the following characteristics:

• Primary geographic focus on the Nordic and Baltic region
• Investment stages from seed to growth equity
• Differentiated sourcing or value creation capabilities
• Demonstrated track record or unique market positioning
• Institutional governance and reporting standards
• Alignment between GP economics and LP outcomes

We consider both generalist and sector-focused strategies where managers demonstrate domain expertise and consistent execution.

Manager criteria

Our evaluation process focuses on identifying managers with sustainable competitive advantages. We assess:

• Investment track record across market cycles
• Sourcing capabilities and network positioning
• Portfolio construction discipline
• Value add capabilities beyond capital
• Team stability and organizational culture
• Fund economics and capacity constraints

We prioritize managers who demonstrate intellectual honesty, risk awareness, and a long-term orientation to partnership.

Vintage diversification

Venture capital returns are highly dependent on vintage year dynamics. We commit capital systematically across multiple vintages to reduce timing risk and smooth portfolio-level returns.

Our pacing model balances new manager commitments with follow-on allocations to existing relationships. This approach maintains consistent exposure while preserving optionality to adjust to market conditions.

Risk management

We manage risk through portfolio construction rather than individual fund selection alone. Key principles include:

• Concentration limits on single manager exposure
• Stage and strategy diversification to reduce correlation
• Vintage pacing to mitigate market timing risk
• Ongoing monitoring of fund performance and manager developments
• Disciplined position sizing based on conviction and capacity

We maintain a framework for evaluating manager-level risk separate from market-level risk, recognizing that both influence ultimate outcomes.