FOLKSAM AND ABERDEEN STANDARD INVESTMENTS LAUNCH NEW €300M FUND

The Folksam Group, one of the largest insurance companies in Sweden, and Aberdeen Standard Investments today announced the launch and first close of AIPP Folksam Europe II, a real estate fund of funds open only for investors from the Folksam Group.

The intention is to invest €300m in European real estate over the next three to four years with an initial commitment of €100m. Investments will mainly be in non-listed funds but may include joint ventures and co-investments.

Folksam is a longstanding client of Aberdeen Standard Investments’ Real Estate Multi-Manager business. The launch of AIPP Folksam Europe II represents an extension of the long term relationship between the two parties.

Lars Graneld, Senior Investment Specialist, Real Estate commented: “We will continue to source attractive opportunities with a low risk profile. Once fully invested, the portfolio will be well diversified across European markets, sectors, managers and strategies.”

Michael Kjeller, CIO for the Folksam Group commented: “We have been very pleased working with Aberdeen Standard Investments for more than a decade and we expect their prudent and well proven investment process to continue to deliver stable returns.” 

For more information please contact:

Lars Graneld, Senior Investment Specialist – Real Estate

Tel: +46 (0)8 412 7309, email: lars.graneld@aberdeenstandard.com

Karin Hjertén, Marketing Manager – Nordics

Tel: +46 (0)8 412 8078, email: karin.hjerten@aberdeenstandard.com

Notes to editors

  • We are high-conviction; fundamental research led investors who believe teamwork and collaboration are the key to delivering investment performance. We are resolute in our commitment to active asset management.
  • Aberdeen Standard Investments is the asset management business of Standard Life Aberdeen plc, one of the world’s largest investment companies. With over 1,000 investment professionals we manage €648.5 billion of assets worldwide. We have clients in 80 countries supported by 50 relationship offices. This ensures we are close to our clients and the markets in which they invest (at 31/12/17). 
  • Standard Life Aberdeen plc is headquartered in Scotland. It has around 1.2 million shareholders and is listed on the London Stock Exchange. The Standard Life Aberdeen group was formed by the merger of Standard Life plc and Aberdeen Asset Management PLC on 14 August 2017.

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