Alecta, Stockholm, committed $100 million to NN-FMO Emerging Markets Loan fund, the Swedish occupational pension provider said in a news release Friday.
The fund run by NN Investment Partners and Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden invests in corporate loans in emerging markets, focusing on sustainable development projects.
"ESG integration together with a focus on cost efficient asset management create conditions for strong value creation over time. Therefore, we have been increasingly active in identifying sustainable investment opportunities that match our investment strategy," Magnus Billing, CEO of Alecta, said in the release.
Alecta has 800 billion Swedish kronor ($99 billion) in assets.
