Alecta approves $300m commitment

The Swedish public pension has backed a North American real estate fund.

Institution: Alecta
Headquarters: Stockholm, Sweden
AUM: SKr931.80 billion
Allocation to alternatives: 9.40%

Alecta has agreed to commit $300 million to Blackstone BioMed Life Science Real Estate (open-ended), the pension’s latest press report states.

The SKr921.80 billion ($109.3 billion; €89.8 billion) Swedish public pension has a 12.20 percent allocation to real estate.

As illustrated below, the pension’s recent commitments are to funds focused on the office, residential, retail and healthcare sectors within Europe and North America.

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