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Terra Nova Capital

Terra Nova Capital is the investment advisor to the Evli Emerging Frontier Fund. The boutique investors distinguish themselves by meeting every single company before investing, analyzing alpha-accretive ESG factors in their company assessment, and engaging with companies through active ownership to unlock value.

In order to get deeper immersion in the markets in which they invest, the investment duo spent 12 months living in 12 different emerging markets with their families, a project which was featured in a Bloomberg News article and a Bloomberg Odd Lots podcast. They have received a great deal of positive feedback on their entertaining and widely-read trip reports which they publish on their website.


Terra Nova Capital is part of the Evli Group, Finland's largest independent asset manager with $20 billion AUM. Evli offers individuals, companies and institutions a full 

range of investment products and services, as well as corporate and advisory services, and was ranked as “the Best Institutional Asset Manager” in Finland in 2023 by the Kantar Prospera survey. Evli is listed on the Nasdaq Helsinki stock exchange, and has been a signatory to the United Nations Principles for Responsible Investment (UN PRI) since 2010.


Evli Emerging Frontier Fund

Evli Emerging Frontier is a $200m index-agnostic, absolute return oriented, bottom-up fund that invests in misunderstood and undervalued high-quality growth companies listed on stock exchanges in developing countries across Asia, the Middle East, Latin America, Africa, and Eastern Europe.

Launched in late 2013, the fund has been recognized as the #1 best performer out of all 1,500 emerging market funds listed on Bloomberg for the 10-year period 2014-2023 returning nearly 3x, and the #3 best performer for the 5-year period 2019-2023 with an average return of 14.2% compared to the MSCI Frontier Emerging Markets index which returned 1.9%. It delivered this performance with below average volatility, and it has received accolades from Morningstar, Citywire, and Lipper which gave it the "Best Global Emerging Markets Equity Fund in Europe" award in 2023.

The fund's clients include pension funds and insurance companies in Finland and Sweden, as well as family offices in other parts of Europe and the Middle East.

Learn more about the Evli Emerging Frontier Fund​ here.

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