Updates: Kinnevik (SELL), Vostok New Ventures (ADD), Vostok Emerging Finance (BUY)
Kinnevik
Kinenvik was an investement I first looked at in December 2017 and then decided to invest in late 2018 however only up to a 1,5% allocation.
As mentioned in the comments by a reader. since then a few things happened. From the market side, first their Zalando stock cratered and then recovered. What worries me more is the flurry of personal changes including Christina Stenbeck, the heir of the major founding family completely leaving the board. Personally; i also didn’t find their main new investment, online Grocer MatHem, very convincing. Overall, I am slightly underwhelmed from the strategic perspective. I don’t know enough about the Nordic Telecom market and if I really like Zalando, I could buy them outright. The non-listed part at Kinnevik is just to small to make a difference and the changes in the Board are hard to understand.