AP1, Stockholm, reported its assets grew 12.3% to 284 billion Swedish kronor ($33.9 billion) in the year ended Dec. 31, bolstered by a total return of 14.6%.
The pension fund's average annual return over the past 10 years was 6.9%, against a target of 5.5%, said a statement on its website.
AP1 also said it is preparing to invest in infrastructure. “Our investments in private equity funds have proven successful, and the organization is now getting set for investments in different types of infrastructure,” CEO Johan Magnusson said in the statement.
A spokesman said the pension fund does not disclose plans or time frames for investments.
