AP1 to commit $500m to PE in 2019

Of the $500m, Radberg said that approximately 30% would be invested in Europe, 60% in the US, and 10% in emerging markets. Approximately 70% would be allocated to small, medium and large buyouts, while 15% would be in venture capital and growth, and the remainder in special situations and turnaround.

In the private markets, the SEK 342bn Swedish state pension fund has historically focused resources on private equity funds due to higher returns, compared to investments in credit or debt funds.

The pension scheme invests in private equity funds globally. It recently backed Summa Equity for the first time when it invested in Summa Equity Fund II. The fund held a final close on its SEK 6.5bn hard-cap in February.

AP1 generated a 14.8% return from its private equity portfolio to December 2018. Private equity and real estate have been among the best performing asset classes over the same period.

AP1's investments in private equity funds have grown to SEK 17.8bn, representing 5.5% of the portfolio.

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