News in brief: 3 July

- The Dutch pension fund PME has invested €100m in Bouwinvest’s Dutch Senior Living Impact Fund, marking its first investment in healthcare real estate.

The investment will support the development of future-proof, high-quality senior housing in the Netherlands and reflects the inclusion of healthcare real estate in PME’s Dutch real estate strategy since late 2025. Bouwinvest’s Dutch Senior Living Impact Fund invests in sustainable residential care concepts, ranging from age-appropriate housing to residential care facilities, with the aim of increasing the supply of suitable homes for older people while supporting housing market mobility.

PME Executive Board chairman, Alae Laghrich, said: “With this investment, we are strengthening our Dutch real estate portfolio with a category that is both financially attractive and adds social value.”

- Italian pension fund Fondaereo has launched a new online enrolment process using an advanced electronic signature (FEA), effective from 1 July.

The paperless system enables members to complete the entire registration process online without printing, signing or submitting paper forms. Fondaereo said the guided process is designed to reduce administration times while providing a secure, fully traceable enrolment procedure that complies with regulatory requirements. The fund said the initiative forms part of its wider digitalisation strategy to simplify access to its services and improve the member experience.

- An unnamed German pension fund has awarded a €450m custom account mandate to LaSalle Investment Management focused on core office investments across continental Europe.

The mandate, which will be managed through LaSalle’s Institutional Investment Partners (2IP) platform in Germany, will target high-quality office assets in France, Germany, the Netherlands and Spain. LaSalle said it was selected following a competitive tender process and that the strategy will focus on well-located properties expected to benefit from resilient occupier demand, limited new supply and the long-term appeal of prime office locations.

- Danish pension fund P+ has made a low three-digit million kroner investment in Danske Bank's Dansk Vækstkapital IV, becoming one of the fund's largest investors.

The fund invests directly in small and medium-sized companies with growth potential in Denmark and the Nordic region. P+ chief investment officer, Jasper Riis, said the investment would help finance Danish businesses with growth potential while supporting efforts to keep companies in Europe rather than seeing them seek funding in the US. He added that the investment is expected to deliver attractive returns for members.

- Sweden's KPA Pension, part of the Folksam Group, has acquired additional rental housing projects in Gothenburg from K-Fastigheter and Alhem Fastigheter via the jointly owned company KAH Holding for SEK 793m.

The project comprises 255 modern rental homes with associated premises and parking facilities in Hisingen, Björlanda, with a total lettable area of around 16,300 square metres across four blocks. Completion is planned in two phases during autumn/winter 2027. The properties will be certified to Miljöbyggnad Silver and are designed with high energy performance standards. KPA Pension said the acquisition strengthens its Gothenburg housing portfolio and reflects its continued focus on high-quality properties in attractive locations.

- Finnish earnings-related pension insurer Varma has made a further $40m investment in quantum computing company IQM as part of the firm's US listing, becoming the largest institutional investor in the funding round.

Varma, which first invested in IQM in 2022, said the additional investment reflects its confidence in the company's technology, management and long-term growth prospects. Varma portfolio manager, Juho Taskinen, said IQM had become one of Europe's leading quantum technology companies and was well placed to benefit from the expected commercial growth of the sector. The investment forms part of Varma's domestic direct investment strategy, which focuses on high-quality growth companies with international expansion potential.



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