Norway’s KLP takes first investment step into forestry (IPE)

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Norway’s Kommunal Landspensjonskasse (KLP) has invested in forestry for the first time, putting SEK250m (€23.9m) into a Swedish specialist fund.

The NOK652bn (€68.6bn) pension provider, which manages the bulk of occupational pensions for the country’s municipalities, announced the investment in Swedish forestry fund Silvestica Green Forest, which is to buy up several woodland assets in Sweden, Finland and the Baltic region.

- Promotion -

Harald Koch-Hagen, KLP’s director of strategic asset allocation, said: “This is our first investment in forestry assets.

“Investments in forestry are very long-term and well-suited to KLP’s need for investments with stable, long-term and good returns,” he said.

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