Norway's massive state pension fund has appointed Karsten Kallevig to lead its multi-billion investment drive in the real estate sector. Kallevig will take up his position as head of the real estate team on 1 September.
Norway's massive state pension fund has appointed Karsten Kallevig to lead its multi-billion investment drive in the real estate sector. Kallevig will take up his position as head of the real estate team on 1 September.
The Norwegian Government Pension Fund Global said Kallevig has extensive experience in international real estate investment. He has headed Grove International Partners’ Japanese office since 2006 and worked for the company’s London office before that. Kallevig has a bachelor degree from Massachusetts Institute of Technology (MIT).
The pension fund received a mandate on 1 March to invest in real estate. The fund shall consist of 60% equities, 35-40% fixed-income securities and as much as 5% real estate.
