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: firstname.lastname@example.org
Karin Hjertén, Marketing Manager – Nordics
Tel: +46 (0)8 412 8078, email: email@example.com
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