KPA Pension, part of the Folksam Group, is investing just over SEK 1.5bn in P Capital Partners' fifth credit fund, PCP V.
The PCP V fund offers financing to companies in northern Europe that are in need of capital to, for example, expand their operations further.
Commenting, KPA Pension CEO, Camilla Larsson, said: “All the investments we make within KPA Pension aim to provide municipal and regional employees with a good and sustainable pension. PCP's previous credit funds have generated good results and we have high hopes that this investment will also do so.”
Folksam Group has invested in all four predecessors to the fund PCP V. In 2021, the group also invested approximately SEK 3bn in PCP Transition Partner Fund, a fund whose purpose is to finance and support the transition to sustainable operations for medium-sized European companies.
“Folksam Group has on several occasions invested in P Capital's credit funds with good results. The goal of our new investment in PCP V is to give our customers a good return on their pension money, that we also contribute to companies being able to grow and take the next step is of course also positive,” Folksam Group investment manager, Marcus Blomberg, said.
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