Swedish buffer fund and Kuwaiti-owned alternatives firm launch private equity platform

Pension fund AP3 and global alternative investor Wafra Inc. have founded the PE platform Covalent with an initial capital of USD 1.05bn and a focus on North America and Europe.
AP3 strives to be a world class investor, the fund's head of private equity, Henrik Nordlander, says. | Photo: AP3 / PR
AP3 strives to be a world class investor, the fund's head of private equity, Henrik Nordlander, says. | Photo: AP3 / PR

Two major institutional investors are looking to transform “the prevailing approaches to private equity co-investment” as they embark on a new venture – investment platform Covalent.

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