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AP Fonden 1 boosts allocation to private equity

The Swedish public pension has announced an increase in its exposure to private equity.

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Institution: AP Fonden 1
Headquarters: Stockholm, Sweden
AUM: Skr324.00bn
Allocation to alternatives: 23.5%
Bitesize: $10-50m

AP Fonden 1 has increased its exposure to private equity from 4.60 percent to 5.50 percent, according to a recent update on the pension’s website.

From 01 January 2019, the maximum proportion of the investment portfolio that can be allocated to illiquid assets in unlisted investments increased from 5 percent to 40 percent. This change applies to all AP Funds.

As illustrated in the charts below, AP Fonden has raised its exposure to private equity over the last ten years.

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