AP7 in negotiations for fourth account manager

After partnering with Adams Street Partners and HarbourVest Partners in January 2018, AP7 reappointed Hamilton Lane in February to run a SEK 2.5bn private equity fund-of-funds allocation.

Hamilton Lane scored well in the procurement process and was one out of four possible mandates, with three appointed so far, a spokesperson for AP7 told Unquote.

The procurement for a final account manager is ongoing and the announcement is now depending on the lawyers in the process, the spokesperson added.

HarbourVest will manage SEK 4.2bn while Adams Street Partners will oversee a SEK 2.3bn private equity fund-of-funds allocation.

The pension fund had said it was set to deploy SEK 10bn (€1bn) to the asset class by the end of 2018, according to Unquote Data.

Headquartered in Stockholm, AP7 manages the premium-determined pension assets for nearly 25% of the Swedish population. It was set up in 2000 in connection with the introduction of Sweden's new pension system.

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