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Varma increases allocation to private equity

The Finnish insurance firm has boosted its exposure to the asset class.

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Institution: Varma Mutual Pension Insurance Company
Headquarters: Helsinki, Finland
AUM: €46.54bn
Allocation to alternatives: 19.10%
Bitesize: €10-50m

Varma Mutual Pension Insurance Company increased its exposure to private equity by 0.80 percentage points to 9.80 percent between Q1 and Q2 2019, according to the insurer’s most recent quarterly report.

The firm’s private equity allocation in Q2 2018 stood at 7.40 percent, meaning that Varma’s annual increase in exposure to the asset class has been 2.40 percentage points.

As illustrated below, Varma tends to vary its private equity commitments between funds with buyout, mezzanine / debt and co-investment strategies.

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