KLP approves $100m commitment

The Norwegian insurer's private pension fund has backed CIP's New Markets Fund I.

Institution: KLP Insurance Pension Fund
Headquarters: Oslo, Norway
AUM: Nkr699.02bn
Allocation to alternatives: 13.66%
Bitesize: $50-100m

KLP Insurance Pension Fund has agreed to commit $100 million (Nkr870 million) to Copenhagen Infrastructure New Markets Fund I, according to a press release on the firm’s website.

KLP has invested alongside three Danish public pensions: PensionDanmark, ATP and Laegernes Pension. The total value of the joint commitment is $700 million (Nkr6.09 billion; Dkr4.65 billion).

As illustrated in the charts below, KLP is a repeat investor to funds managed by CIP having previously committed to funds CIP II and III.

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