A
AP2
Pension fund · Founded 2001 · Göteborgs Stad, Sweden
The Second Swedish National Pension Fund (AP2) is one of five buffer funds within the Swedish pension system, tasked with maximizing long-term return – and at low risk to pension disbursements
Who AP2 is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- AP2 was founded in 2001 as part of a major reform of the Swedish pension system.
- The fund's origins trace back to the ATP reform of 1960, which established the first national pension fund boards in Sweden.
Source of Capital
- AP2 manages capital from the Swedish national income pension system on behalf of the country's citizens.
- It is one of several buffer funds within the Swedish pension system, tasked with ensuring the long-term stability of national pension assets.
Allocation Strategy
- The fund invests across a wide range of asset classes, including public equities, fixed income, real estate, private equity, and other alternatives.
- Geographically, the portfolio is diversified globally, with investments in both developed and emerging markets.
- AP2 employs both internal and external managers and utilizes quantitative, fundamental, and tactical strategies to manage its assets.
The funds AP2 backs.
AP2 is a limited partner in 69 funds. 13 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How AP2’s fund book is spread.
The 69 funds AP2 backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 3246%
- Europe 2232%
- Rest of world 1522%
United States 32 · United Kingdom 9 · China 5 · Sweden 3
How established those managers are
Managers grouped by how many funds they have raised. 17 emerging (three funds or fewer), 36 established — across the 53 of 69 with a fund history on record.
The companies AP2 backs directly.
AP2 holds 2 companies directly, separate from the funds it commits to as a limited partner.
How those direct holdings break down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
-
Sweden2
-
Energy2
-
Transportation1
-
Series B+2
-
Late Growth2
Other LPs.
Other pension funds in the Power Law LP ranking, closest to AP2 by combined power-law score — Europe first, then the nearest worldwide.