AP7 CEO prepares to gradually deploy billions to illiquid space

Sweden’s premium pension system buffer fund will soon be able to commence investments in real assets. Billions of SEK will be gradually allocated to the asset class over the next four years.

AP7 CEO Richard Gröttheim is ready to invest up to 15% of almost EUR 90bn in alternatives in the next four years. | Photo: AP7

A recent proposal from the Swedish government means that Swedish pension fund AP7 will finally get what it has wanted for years: a new mandate giving the premium pension system buffer fund the freedom to diversify into illiquid and alternative assets.

“We’ve read through the proposal and I can generally say that we’ve been asking for these changes for a long time. That’s because we believe that savers will get a much better savings product going forward. We’ll be able to diversify, something we have been trying to do within the current constraints when we have allocated to risk premia and small-caps. But this will enable us to get a real diversification in our portfolio,” AP7 CEO Richard Gröttheim tells AMWatch.

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