How Has Private Credit Affected Valuations Across Debt Markets?
Investors can access a more diversified menu of credit investments, but due diligence is key—especially in thinly traded markets.
Tag: AP3
Pensions
AP3 Returns 10.3% in 2024, Assets Rise to $51.8B
The Swedish pension confirmed its return to investing in emerging markets last year.
Corporate Moves
AP3, Wafra Introduce Private Equity Investment Platform
Covalent will initially be capitalized with $1.05 billion to focus on investments in North America and Europe.
Manager Selection
AP3 Announces New CIO as Talent Scramble Heats Up
Swedish pension funds Alecta and AP3 have made several strategic hires following Alecta’s losses in the spring’s U.S. regional bank failures.
Newsmakers
Swedish Pension Fund AP3 Names Staffan Hansén CEO
Hansén will take over the $49.5 billion fund for retiring CEO Kerstin Hessius by no later than December 1.
Risk
AP3 Returns 10.8% in First Half of 2019
Despite strong returns, $38.8 billion fund underperformed benchmark.
Another Swedish Pension Shield Had a Not-Great 2018
Two of the nation’s four retirement system reserves experienced lackluster returns last year.
Newsmakers
Sweden Gives Its Four Buffer Funds More Investing Flexibility
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.