Swedish church pension fund diversifies through microfinance and private equity

The Church of Sweden Pension Fund, Kyrkans pensionskassa, made two notable new investments within its alternatives portfolio last year. One of them is a microfinance fund at SEB, which supports local entrepreneurs in developing countries.  

Bishop of Härnösand Diocese, Eva Nordung Byström. | Photo: (Photo by: Kerstin Stickler / Svenska kyrkan)

Church of Sweden Pension Fund continued to diversify its investments and its alternative investments primarily in real estate, microfinance, and private equity over last year.

The two new entries were a SEB microfinance fund and Alder's private equity fund focusing on developing Nordic sustainable technology companies. Over the year, the SEK 17.94bn pension fund increased its exposure to alternatives from 5 to 7 percent of all assets, and slightly reduced its exposure to both foreign equities and fixed income.

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