Finnish state pension fund VER is planning to increase its exposure to real estate and private equity funds to as much as 10%, the fund's managing director Timo Loyttyniemi told IPE real estate. The EUR 10.3 bn fund increased its alternative exposure from 1.3% to 4.1% last year, and ploughed some EUR 165 mln in eight real estate funds.
Finnish state pension fund VER is planning to increase its exposure to real estate and private equity funds to as much as 10%, the fund's managing director Timo Loyttyniemi told IPE real estate. The EUR 10.3 bn fund increased its alternative exposure from 1.3% to 4.1% last year, and ploughed some EUR 165 mln in eight real estate funds.
Loyttynieme said these kind of investments will continue to grow in 2007 and beyond to reach the targeted 10%. In 2006, the providers include Celeres, Doughty Hanson, Franklin Templeton, Grosvenor, ING, NV-Kiinteirstorahasto and Standard Life.
