Private equity pulls in best returns at Finnish local government pension fund

Assets under management at Finland's Keva have reached a new milestone of EUR 63.3bn, up from EUR 53.2bn at the end of the second quarter of 2020.

CEO of Keva Timo Kietäväinen.

Finnish local government pensions giant Keva pulled in a return of 9.3 percent for its investments over the first half of 2021, the company reports. Assets under management at the fund reached EUR 63.3bn, up from EUR 53.2bn at the end of the second quarter of 2020.

Private equity investments, which make up some 13 percent of the portfolio, pulled in the best returns, 20.3 percent, whilst listed equities and equity funds, which make up 40.6 percent of the portfolio, yielded 15.2 percent.

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