“Sweden’s Largest Pension Plan’s $200 Million Anchor Commitment Rockets Co-Impact Fund Above Target” – Chief Investment Officer – April 27, 2018

On April 27, 2018 Chief Investment Officer reported that “Alecta, Sweden’s largest pension fund, has committed a $200 million anchor investment for an impact fund co-investing in emerging market loans, overshooting the fund’s target by $50 million.

Closing 25 percentage points above target at $250 million, the new fund is a collaboration of NN Investment Partners ($296 billion) and the investment arm of Dutch bank FMO ($10 billion).

The closed-end NN-FMO Emerging Markets Loan Fund invests in loans with an emphasis on environmental, social, and governance (ESG) investing in emerging markets. This includes renewable energy projects and agribusiness companies.

Magnus Billing, CEO of the $90 billion Alecta, called the anchor decision ‘a good example’ of how the occupational pension plan, which covers the retirement benefits of therapists, doctors, and lawyers, can meet its sustainability goals. In a statement, he said the NN/FMO fund creates ‘measurable impact aligned with the 2030 Agenda for Sustainable Development Goals.’”

You may read the article on the Chief Investment Officer internet site.