Sweden’s KPA Pension increases investment in property and alternatives

Swedish pension company, KPA Pension, has increased its holdings in properties and alternative investments.

It acquired an area of property on Kungsholmen in Stockholm from Invesco for SEK 2.3bn.

Folksam Group property director, Lars Johnsson, said that the company was pleased to acquire the property and that the acquisition was “in line with the strategy to increase the proportion of properties within the Folksam Group and in KPA Pensions’ asset portfolio”.

KPA Pension also invested SEK 1.8bn in the PCP Transition Fund.

The fund looks to finance companies that have either converted, or are about to convert, to sustainable business models and those that enable such conversion for other companies.

“Credits are one of the areas we prioritise in alternative investments and PCP Transition fits well into that sub-strategy,” commented Folksam Group head of alternative investments, Birgitta Stenmark.

“We have long invested in funds from PCP and feel confident that we are now making another profitable investment for our customers."

KPA Pension CEO, Camilla Larsson, concluded: “Additional acquisitions to increase the property share and the share of alternative investments in our asset portfolio are part of our long-term strategy to be the occupational pension company that gives municipal and regional employees a good and sustainable return.”

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