Alecta invests €620 million in infrastructure funds

The investments have been made in three different funds, two of them with focus on the global market and one with European focus.

-          These are three large, scalable investments within infrastructure that gives Alecta’s clients the opportunity of good return. The size and scalability contribute to cost efficiency and diversity, says Axel Brändström, CIO Real Assets at Alecta.

-          Sustainability is integrated in the funds, both in the investment process and the management. The assets have a long-term sustainability strategy and distinct criteria for exclusion, that fits well with Alecta’s own criteria. Our high sustainability standards have made us exclude several other managers, says Frans Heijbel, Head of International Real Assets at Alecta.

Investments in infrastructure funds

Allianz European Infrastructure Fund

In the end of 2019, Alecta committed €100 million to the core-fund Allianz European Infrastructure Fund. A European closed-ended structure with focus on energy, telecom, transportation and social infrastructure. Co-investment opportunities will be offered together with the fund.

Antin Infrastructure Partners IV

In April 2020, Alecta committed €250 million to the value-add fund Antin Infrastructure Partners IV. It is a global closed-ended structure with focus on energy, telecom, transportation and social infrastructure. Co-investment opportunities will be offered together with the fund.

On the 30^th of June 2020, Alecta committed to invest USD 300 million in yet another fund with focus on infrastructure.

-          The funds we have invested in are all managed by well-reputed firms in international infrastructure with long and successful track-records.  The fact that we can close large investments with them proves that we have the capability to grow our assets within infrastructure in the pace and quality that our high set goals for sustainability, asset allocation, financial return and cost efficiency requires, says Frans Heijbel.

Alecta has approximately 900 billion SEK under management (as of end of Q1). Alecta has since 2016 successively increased its share of alternative assets within its portfolio, mainly real estate, but also infrastructure and alternative credits. Since 2016, the total share of alternative assets has increased from 7 to 12 percent, with the objective to reach 20 percent of the total assets within a 5-year period. 

For further information, contact:

Hannes Hultcrantz, PR Director, Alecta
E-mail: hannes.hultcrantz@alecta.se
Tel: +46 733 10 06 01

Frans Heijbel, Head of International Real Assets, Alecta
E-mail: frans.heijbel@alecta.se
Tel: +46 72 571 96 26