Skandia Mutual Life Insurance Company

Investors believe uncertainty caused by US President Donald Trump's tariff policies could postpone a thaw in exit markets, compounding existing fundraising challenges.

Embracing the role of an LP means not trying to time markets or cycles, Stefan Fallgren, head of PE and infrastructure at the Swedish private pension manager, said at PEI Group's NEXUS event.

The Wallenberg Foundations-related investment office is led by ex-Skandia PE exec Daniel Winther and aims to quadruple its net assets within five years.

Stefan Fallgren has taken on responsibilities for the €49bn Swedish insurer's private equity and infrastructure portfolio.

A stipulation that capital distributed to LPs via NAV facilities can be recalled is creating headaches for some investors.

LPs consider a vast number of metrics, including transparency, exposure and co-investment opportunities, before determining whether a fundraise was successful.

Swedish insurer Skandia Asset Management doesn't just go with the flow. Its head of private equity and infrastructure, Daniel Winther, discusses his bearish outlook on of continuation funds, sponsors listing and ESG targets.

Topics included shifting ESG priorities in the wake of Russia’s invasion of Ukraine and the importance of ensuring education keeps pace with retail participation in private equity.