News in brief: 1 May

- Italy’s National Pension Fund for Employees of Cooperative Credit Banks, Rural and Artisan Banks (BCC-CRA) has awarded Payden & Rygel a €190m government bond mandate, following a public tender.

Payden Global SIM S.p.A CEO, Antonella Manganelli, commented: “We are honoured to have been selected by the National Pension Fund BCC-CRA and to contribute to the management of the portfolio through an investment solution specifically designed for the Fund and its members”.

- The Pension Fund of Credit Suisse Group (Switzerland) has published its results for March 2026.

Its investment performance was -02.14 per cent, bringing its overall performance for the year to the end of March to -0.43 per cent. Its investment performance was 1.23 per cent in February 2026 and 0.52 per cent in January 2026.

- France’s Fonds de Réserve pour les Retraites (FRR) has announced a €30m commitment to the JEITO II fund, managed by Jeito Capital, following its participation in the JEITO I fund.

Jeito II targets companies addressing significant unmet medical needs and serious diseases, with the aim of delivering tangible benefits to patients and society as a whole. By supporting Jeito II, FRR said it fully contributes to strengthening the French and European biopharmaceutical ecosystem, a “driver of innovation and health sovereignty for the benefit of all”.

- Sweden’s Skandia is investing SEK 300m in a new bond to finance large-scale nature restoration projects in South Africa.

The projects involve planting spekboom, a native plant with a high capacity to sequester carbon dioxide and enhance biodiversity. The investment forms part of a total issue of SEK 1.2bn issued by the World Bank. The bond is structured as an outcome bond, whereby part of the return is linked to the project’s actual results; in this case ecosystem restoration and the generation of carbon credits. This structure means that investors can contribute to measurable climate and biodiversity benefits, whilst their capital is protected at the end of the term.

- ICECAPITAL Real Estate Club I Ky has agreed with Finland's Seafarers' Pension Fund (MEK) to acquire almost its entire commercial property portfolio and on MEK's investment into the ICECAPITAL Real Estate Club I fund.

The transaction comprises six properties in total covering 27,000 leasable square meters in Helsinki, Espoo and Turku. In connection with the transaction, the fund completed its first closing, and MEK will continue as the fund's largest investor. The fund's strategy is to invest selectively in high-quality commercial properties located in central urban areas with value creation potential.

MEK CIO, Sauli Hämäläinen, said: "The cooperation with ICECAPITAL supports the determined and sustainable long-term development of our commercial property portfolio. Through this arrangement, MEK is executing its strategy-driven transition towards indirect real estate investing while also realising capital for other investments aligned with its new strategy.”



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