On Wednesday May 17, HPE, in collaboration with the Association for Corporate Growth (ACG) Holland and Prins Constantijn van Oranje-Nassau, hosted its first Scale Up event with over 120 attendees. 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 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 centered 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.