K
LP profile
KLP
Corporate · Founded 1949 · Oslo, Norway
101
VC firms backed
$100B
AUM
~$1.0B
Allocated to VC (est. 1%)
01 · Background
Who KLP is.
- Historical Background
- KLP, or Kommunal Landspensjonskasse, was established in 1949 as a mutual insurance company. It was founded to manage the pensions for employees of municipal and county authorities in Norway.
- Source of Capital
- KLP's capital is sourced from its customers, as it is a mutual company. Its client base consists of Norwegian municipalities, county authorities, health trusts, and various public-sector enterprises that have chosen KLP to manage their occupational pension schemes.
- Allocation Strategy
- KLP's portfolio includes a significant allocation to real estate, managed through its subsidiary, KLP Eiendom, which is one of Norway's largest real estate companies. The fund is known for its strategy rooted in responsible and ethical investments, with self-imposed guidelines that influence its capital allocation. KLP practices active ownership and engages with companies on environmental, social, and governance (ESG) issues, participating in investor coalitions such as Climate Action 100+ and Nature Action 100.
02 · Fund commitments
The funds KLP backs.
KLP is a limited partner in 101 funds. 8 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
Accel
#4 Power Law
Founders Fund
#10 Power Law
Index Ventures
#11 Power Law
Kleiner Perkins
#18 Power Law
Insight Partners
#23 Power Law
Battery Ventures
#54 Power Law
Creandum
#70 Power Law
Northzone
#224 Power Law
21 Invest
Aberdeen Asset Management
ABG Alternative Investments
Abingworth
Abler Nordic
Abris Capital Partners
Adelis Equity Partners
Advent International
Affirma Capital
Alliance VC
Altor Equity Partners
Cofounders Capital
Genstar Capital
J.P. Morgan Asset Management
Platinum Equity
Prologis
SK Capital Partners
03 · Allocation
How KLP’s fund book is spread.
The 101 funds KLP backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- Europe 8685%
- North America 1414%
- Rest of world 11%
Norway 25 · United Kingdom 19 · United States 14 · Sweden 10
How established those managers are
Managers grouped by how many funds they have raised — across the 76 of 101 with a fund history on record.
Emerging funds · 24
Established funds · 52
10
1
7
2
7
3
10
4
21
5-6
7
7-9
8
10-14
6
15+
Funds raised by the manager
05 · Direct investments
The companies KLP backs directly.
KLP holds 4 companies directly, separate from the funds it commits to as a limited partner.
06 · Other LPs
Other LPs.
Other corporate and insurance LPs in the Power Law LP ranking, closest to KLP by combined power-law score — Europe first, then the nearest worldwide.
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Invesco
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ODDO BHF
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Vontobel
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