The Scale Up Series #1 – The value of scale ups as an asset class
Wednesday May 17th HPE hosted its first Scale Up event with over 120 attendees in collaboration with Prins Constantijn van Oranje-Nassau in Amsterdam. The key objective of the session was to demonstrate the attractiveness of Scale Ups in Holland as an asset class.
Evidence based facts were presented by three experts from research, private equity and pension funds community. First Prof. Justin Jansen from the Rotterdam School of Management demonstrated the existence of 3000 serious Scale Ups in the Netherlands. Second, John Renkema, senior portfolio manager private equity at APG elaborated on his data that shows that growth equity provides significant returns. And thirdly, Dr. Eva de Mol of HPE Growth presented her research from Berkeley Haas Business School California to show that team composition is a crucial factor in explaining variance in venture performance outcomes.
The presentations provoked lively discussion and confirmed that there are a number of challenges that need to be addressed. These are centred not only around access to growth capital, but also ambitions of the management team, building truly scalable business models and retaining talent. This is an area close to our hearts at HPE Growth Capital and we are committed to collaborating with all involved parties to support scale ups in the Netherlands and make data-driven decisions.