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Alecta joins Dutch pension fund and investment manager in co-investment agreement

Swedish pension company Alecta and Dutch pension provider PGGM have joined forces in an agreement about investing in credit risk sharing transactions. The transactions help banks transfer part of the credit risk to third parties such as institutional investors.

Swedish pension giant Alecta and Dutch institutional pension and investment manager PGGM have signed a co-investment agreement to invest in credit risk sharing transactions, according to a joint press release.

In credit risk sharing transactions, banks transfer part of the credit risk of a portfolio of loans to investors while maintaining a share of the risk. With these kinds of transactions, investors get exposure to unique credit risks that is not otherwise available. The benefit for the banks is freed-up capital that can be re-used again, for example for new loans to clients, Alecta and PGGM explain.

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