Higher conviction meets calculated risk: How institutions are navigating opportunity and uncertainty in 2025
Nuveen’s fifth annual global survey of 800 institutional investors, 40 of which are coming from the Nordics, examines how evolving perspectives on markets, geopolitics and energy transition are influencing asset allocation decisions, particularly in private markets.
Dive into this year’s themes and uncover insights that are shaping the future of institutional investing.
Balancing boldness with caution
- Nordic Institutions are embracing a more confident, risk-on approach, driven by changing macro conditions and shifting rate expectations.
- 58% are increasing equity exposure compared with 23% in 2024.
Private markets power the new era of portfolio construction
- Private markets continue to shape the evolution of Nordic institutional portfolios, with significant planned increases across private equity, infrastructure, real estate and credit.
- 65% are planning to increase allocations to private markets. 55% are increasing to private infrastructure.
Environmental priorities in focus
- Diverse motivations are driving climate actions, with some Nordic investors focused on net zero targets and others drawn by compelling risk return opportunities.
- 63% of institutions believe that by investing in nature they can help mitigate the threat to ecosystem collapse.
Do you want to know more?
Explore more of this year’s report on our website. To access the Nordic results please scroll down to the end of the webpage and fill out the form fill.
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Important information on risk
Investors should be aware that alternative investments including private equity and private debt are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales and concentrated investments and may involve complex tax structures and investment strategies. Alternative investments may be illiquid, there may be no liquid secondary market or ready purchasers for such securities, they may not be required to provide periodic pricing or valuation information to investors, there may be delays in distributing tax information to investors, they are not subject to the same regulatory requirements as other types of pooled investment vehicles, and they may be subject to high fees and expenses, which will reduce profits. Real estate investments are subject to various risks associated with ownership of real estate-related assets, including fluctuations in property values, higher expenses or lower income than expected, potential environmental problems and liability, and risks related to leasing of properties. Responsible investing incorporates Environmental Social Governance (ESG) factors that may affect exposure to issuers, sectors, industries, limiting the type and number of investment opportunities available, which could result in excluding investments that perform well. Investments in middle market loans are subject to certain risks such as: credit, limited liquidity, interest rate, currency, prepayment and extension, inflation, and risk of capital loss. Private equity and private debt investments, like alternative investments are not suitable for all investors given they are speculative, subject to substantial risks including the risks associated with limited liquidity, the potential use of leverage, potential short sales, concentrated investments and may involve complex tax structures and investment strategies. Nuveen, LLC provides investment solutions through its investment specialists. This information does not constitute investment research as defined under MiFID.
