Swiss institutional investors commit to Danish pension funds’ asset management firm

Written by Adam Cadle

16/12/2020

A consortium of Swiss institutional investors has committed to a fund offered by AIP Infrastructure, which is partly owned by Danish pension funds PKA and PenSam.

The Swiss investors have made a “significant commitment” to the AIP Infrastructure II fund, which is focused on energy transition assets in Europe and North America.

The commitment was made with the help of InPact Partners, an alternative investment adviser based in Switzerland, who has brought together the Swiss institutional investors including Retraites Populaires, Vaudoise, and CPEG, with additional investors set to join during the first half of 2021.

These investors share the same long-term risk/return objectives for the energy transition asset class as well as a strong focus on environmental, social and governance (ESG).

Retraites Populaires head of the investments division, Jean-Christophe Can Tilborgh, said: “Our public institution as well as our partners wish to continue to invest in attractive and sustainable infrastructure assets, while optimising management costs. In addition, our investments in the AIP fund are an extension of our responsible investment policy and the recently implemented climate strategy.”

In November this year, AIP announced that Storebrand was to become the first international partner to join the AIP platform, as a co-owner and co-investor. With the commitments from PKA, PenSam, Storebrand, and the Swiss institutional consortium, AIP Infrastructure II has now reached its target commitment and is set to reach the €4bn hard cap for the fund.

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