AP7 , Stockholm, is investing $40 million in LGT Capital Partners'...

AP7, Stockholm, is investing $40 million in LGT Capital Partners' unlisted private equity fund of funds, said Richard Grottheim, executive vice president. The $4.2 billion pension fund has invested in alternatives since July 2002; its allocation is 4% of total assets to private equity and 4% of assets to hedge funds, Mr. Grottheim said. The fund has also invested $20 million in LGT's Crown European Buyout fund; its other private equity mangers are HarbourVest, Hamilton Lane and Pantheon.