P&E Capital is the investment office for the Piilmann family. Our primary goal is to preserve and grow our capital base over the long term. We engage in a broad range of investment activities across various asset classes and geographies.
Investment Approach
Direct Investments
Our investment strategy is driven from our entrepreneurial heritage. We primarily focus on direct investments and seek to actively engage with and grow our portfolio companies. Our permanent capital base allows us to take a long-term view on developing our investments.
Energy & Industrials
Our capital originates from the energy and industrial sectors. Today, we continue to actively invest in the space, predominantly through our portfolio company VKG, a leading industrial conglomerate in Estonia.
Real Estate
We invest in high-quality commercial properties in Estonia. We seek differentiated quality and scale in our portfolio and a healthy mix of cash flow generation and long-term development potential.
Land
Our land portfolio is predominantly concentrated in Central Estonia. We are engaged in a range of activities from nature tourism to sustainable harvesting to actively manage our asset base.
Principal Investments
We selectively seek direct investments in the broader growth and private equity space with a view to support strong management teams with growth capital.
Passive Investments
Our passive investment strategy is designed to manage the overall risk and liquidity profile of our portfolio. We invest in a broad range of asset classes and geographies via top-tier global asset managers and broad-based ETFs.
Portfolio
Janvara 13
Liivalaia 53
Karamelli 6
Roosikrantsi 2
Philanthropy
P&E Foundation was launched in 2022 with a broad mandate to support investments into sustainable living initiatives across Estonia. We look for projects with a broad social impact in healthcare and education, ideally with a regional component. We typically support strong project initiators with capital and project consultation, involving experts and contacts from our network if necessary.
Portfolio
