Alecta Pensionsforsakring, Stockholm, committed more than €600 million ($673 million) to three infrastructure funds so far this year, it said in a news release.
The €90 billion occupational pension fund provider in April committed €250 million to value-add fund Antin Infrastructure Partners IV, which is managed by Antin Infrastructure Partners. The closed-end fund focuses on energy, telecommunications, transportation and social infrastructure globally.
Alecta, which invests 12% of its assets in private markets, also committed $300 million to open-end Brookfield Super-Core Infrastructure Partners Fund, managed by Brookfield Infrastructure Partners, on June 30, an Alecta spokesman said.
At the end of 2019, Alecta also committed €100 million to core closed-end fund Allianz European Infrastructure Fund, managed by Allianz Global Investors. The fund focuses on energy, telecommunications, transportation and social infrastructure in Europe.
"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," Frans Heijbel, head of international real assets at Alecta, said in the release.
