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OPF buys into Norway tech fund to get closer to growth firms

Norway’s Oslo Pensjonsforsikring (OPF) is putting up to NOK 200 million into a new fund investing in the country’s emerging technology companies. CIO Kjetil Houg says the public sector pension fund is not only buying into the new fund for a good return, but also to gain knowledge about this market segment.

Oslo Børs | Photo: PR

Oslo Pensionsforsikring (OPF), Norway’s largest municipal pension fund, says it is investing up to NOK 200 million (EUR 21.3 million) in the first fund launched by a new team of Norwegian asset managers and business people, which is to invest in the country’s technology companies.

The fund — Idekapital Fund 1 — is managed by its founder Anders Brandt; former investment director of Storebrand Asset Management Rune Holen; Kristian Øvsthus, a former partner in consultancy firm Arkwright and Espen Agdestein, who manages the chess player Magnus Carlsen.

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