In May, Swedish pension fund Alecta and Dutch pension provider and investment manager PGGM decided to join forces in investing in credit risk sharing transaction. The pension duo has now entered into a risk sharing transaction with US banking group J.P. Morgan on the basis of a roughly USD 2.5bn corporate loan portfolio with loans originated by its Corporate & Investment Banking unit.
In addition, the transaction is a multi-year program in which the bank risk shares both existing and new loan origination.
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