Fidante Partners Europe has opened an office in Stockholm in response to growing demand for alternative investments from pension funds and other institutional investors in the region.
Also announced is the appointment of Christian Andersson to lead business growth in the region. He has had 17 years of experience developing investment and risk solutions for Nordic pension funds and life insurance companies, while working for Bank of America Merrill Lynch, Goldman Sachs and SEB Merchant Banking in London.
Phil Peters, managing director of Fidante Partners Europe, said that the growing demand for alternative investments in the region meant it was time to have a presence similar to that in the UK, Australia and US.
“We’re expecting that real assets will continue to be a growth area,” he said.
Fidante Partners is also expected to benefit from its focus on alternative investments that meet environmental, social and governance requirements, as ESG aspects “are highly in demand by Nordic investors,” Andersson added.
An example of the demand is the commitment by Nordic investors to the Industrial Water Infrastructure Fund managed by Resonance Asset Management, which is affiliated with Fidante Partners. Another $300m was committed to the fund by institutional investors recently, including AP3, one of the so-called buffer funds in the Swedish pensions system.
Kerstin Hessius, CEO of AP3, said the fund was “strongly aligned with our commitment to the Paris pledge and COP24.”
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