Summary of HPE Scale Up Event September 27, 2017

Summary of HPE Scale Up Event

With a record attendance of 175 participants at our Second Scale Up Event in Amsterdam, Constantijn van Oranje and HPE Growth Capital have put Scale Ups on the agenda in Holland.

Not all Start Ups make it big, but the ones that do greatly impact society by means of innovative technology, services and increased employment. Over the last 10 years the Netherlands has produced an impressive line-up of Scale Ups, like Booking.com, Tom-Tom, Adyen, Sunweb, SuitSupply, and Tiqets to name a few, increasing value from 50 Million to 50 Billion.

The next generation of Scale Ups will need Capital, Talent and Ambition to expand and internationalize. As such, the key objective of the event was to stir collaboration between Dutch and international Pension Funds, Family offices, Growth Investors, Economic Affairs and Scale Ups. The gathering discussed in depth how the investment and business community can ensure the future success of Scale Ups. Several prominent Dutch and International speakers shared their stories and showed that Scale Ups are indeed an attractive asset class worth investing in. With speakers like Corien Wortmann, Chairman of ABP (the largest pension fund in Holland), Christine Panier (Head of Lower Mid-Market at EIF) and Frank Roeters van Lennep (CIO of PGGM), there was over a Trillion Euros of AUM in the room.

Convincing data points were presented on the impact of Scale Ups. First, the research of Professor Justin Jansen from the Rotterdam School of Management has shown that there are currently 2,600 Scale Ups in Holland. Next, research of John Renkema from APG has shown that returns generated by Scale Ups as an asset class are nearing the historical returns of Buy Outs at more than 11%. Third, research of Eva de Mol from HPE Growth Capital has shown that outperformance of Scale Up returns is dependent on team composition and diversity.

Furthermore, a strong panel of Scale Up founders (Janneke Niessen – Improve Digital, Luuc Elzinga – Tiqets, Corinne Vigreux – TomTom, Joris Beckers – Picnic) shared their expertise and experience on the road to Scale Up success.

A tentative conclusion from this second Scale Up event in Holland is that this new asset class is sizeable (2600 companies), generates interesting returns (11+ percent) and can double from a mere 6 percent asset allocation, de-emphasizing the large Buy-Out allocation.

HPE Growth Capital would like to thank Constantijn van Oranje and the Startup Delta for incorporating this event into CapitalFest and the Amsterdam Capital Week.

 

For further information, please contact HPE Growth Capital in Amsterdam, Dusseldorf or San Francisco via info@hpegrowthcapital.com

Hans van Ierland, Harry Dolman, Eva de Mol