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CapMan’s Management Group

Pia Kåll

Pia Kåll

CEO Management Group
Pia Kåll became CapMan’s CEO in March 2023. Pia Kåll joined CapMan Buyout in 2016 as a partner and was designated managing partner in 2017. Before joining CapMan, Kåll was on the Executive Board of Outotec, where she was responsible for Strategy, M&A, Marketing and Operational Excellence. Previously she worked eight years at McKinsey&Company where she was an Associate Principal.

Positions of trust

2022– Board Member, Elisa Oyj
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Atte Rissanen

Atte Rissanen

CFO Management Group
Atte Rissanen is CapMan’s CFO and responsible for strategy and business development. He has been with the Group since 2017. Rissanen previously held corporate finance positions at Summa Capital and EY.
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Heidi Sulin

Heidi Sulin

COO Management Group
Heidi Sulin has been COO of CapMan and member of the Management Group since November 2021. Prior to joining CapMan she worked at Hartwall Capital, where she was since 2016, most recently as COO. She has previously worked as General Counsel at CapMan.
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Mika Koskinen

Mika Koskinen

Managing Partner Management Group
Prior to CapMan, Mika Koskinen has worked at SEB, where he over the past five years served as Head of Private Wealth Management & Family Office in Finland. Before that Koskinen has held various positions at SEB, including Global Head of Research, Head of Equities Finland, and Head of Markets Finland.
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Antti Kummu

Antti Kummu

Managing Partner, Growth Growth
Antti has 20 years of experience in working with successful growth companies. Before joining CapMan in 2017, he has over 10 years of experience in Private Equity at Tesi and earlier experience in financing growth companies at Finnvera. In addition, he has worked in operative roles in growth companies as M&A director and as CFO.
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Mika Matikainen

Mika Matikainen

Managing Partner Management Group
Mika Matikainen joined CapMan in 2006, one year after the inception of CapMan Real Estate, and became the head of CapMan Real Estate and a management group member of CapMan in 2010. Matikainen has, together with his team, expanded CapMan Real Estate from a local Finnish player into a pan-Nordic asset manager with operations in Finland, Sweden, Denmark and Norway. Simultaneously the investor base of CapMan Real Estate has internationalised substantially, now including international institutional investors from Europe, North America and Asia. Prior to CapMan, he worked for UBS Investment Bank in London.
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Anna Olsson

Anna Olsson

Head of Sustainability Management Group
Anna Olsson joined CapMan in September 2021. Prior to joining at CapMan she worked at ISS ESG, a sustainability consultancy, where she worked since 2015, most recently responsible for the ESG Specialist team in the Netherlands, Nordics, UK & Ireland. Before that, she has held sustainability analyst and project management positions for sustainability consultancies and NGOs.
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Mari Simula

Mari Simula

Head of Fund Investor Relations Fund Investor Relations
Mari Simula has been part of CapMan’s Management Group and Head of Fund Investor Relations team since 2017. She has long experience from international private asset fundraising, and business development projects. In her current role, she has group-level responsibility of coordinating fundraising and fund investor relations activities. Her international team is co-operating closely with all CapMan’s investment teams and covering a global investor base. Prior to joining CapMan in 2007, she did research on the private equity industry at the Research Institute of the Finnish Economy, Etla.

 
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Antti Uusitalo

Antti Uusitalo

Partner Management Group
Antti Uusitalo has 15 years of experience in mergers and acquisitions as an investment banker. Before joining CapMan, Antti was Partner and Corporate Finance lead in Finland at EY (2015–2020), and Partner at investment bank Summa Capital (2007–2015).
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Michael Morgenroth

Michael Morgenroth

Managing Partner, Real Asset Debt & CAERUS CEO Management Group

Michael Morgenroth is the founder and CEO of German-based CAERUS Debt Investments AG, which was initially established in April 2012. Morgenroth is a chartered surveyor (MRICS), property economist (VWA), legal economist (VWA) and banker. He has more than 35 years of professional experience in the areas of investment banking, real estate and property financing.



Morgenroth joined CapMan in 2025 as Managing Partner of CapMan Real Asset Debt investment area when CapMan expanded into real asset debt by acquiring CAERUS Debt Investments.




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The main tasks of the Management Group:

(i) coordination of team strategy, fundraising, resources, sustainability as well as coordination of marketing and brand,

(ii) implementation of decisions by the Board,

(iii) supporting decision-making through providing information and active participation and,

(iiii) sharing information within the teams and implementing decisions as agreed in the Management Group.

Chief Executive Officer (CEO)

CapMan’s CEO is Pia Kåll (b. 1980, M.Sc. in Engineering).
She has held the position since 15 March 2023.

The Board elects the company’s CEO. The terms and conditions of the CEO’s service are specified in writing in the CEO’s service contract, which is approved by the Board. The CEO manages and supervises the company’s business operations according to the Finnish Companies Act and in compliance with the instructions and authorisations issued by the Board. The CEO shall see to it that the accounts of the company are in compliance with the law and that its financial affairs have been arranged in a reliable manner.

Generally, the CEO is independently responsible for the operational activities of the company and for day-to-day decisions on business activities and the implementation of these decisions. The CEO appoints the heads of business areas. The Board approves the recruitment of the CEO’s immediate subordinates. The CEO cannot be elected as Chair of the Board.