Specific directive to invest in Private equity
Specialized in unlisted investments with nearly 30 years of experience
AP6 invests together with selected fund managers within each segment and builds long-term relationships.
Since its inception in 1996 and until April 30, 2025, AP6 has contributed SEK 70.7 billion to the Swedish public pension capital.
AP6’s fund capital has grown from SEK 10.4 billion to SEK 81.1 billion as of April 30, 2025.
The annual return on April 30, 2025 is:
16.5% for the last five years
12.7% for the last ten years
AP6 has generated a positive net result every year for the last 13 years.
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Over SEK 4 billion for pension savers when AP6 sells its stake in Asker Healthcare Group
Learn more: Over SEK 4 billion for pension savers when AP6 sells its stake in Asker Healthcare GroupAP6 has divested its stake in Asker Healthcare Group, a leading supplier of medical products and solutions in Europe. The profit for the investment amounts to just over SEK 4 billion. AP6 invested in Asker Healthcare Group in 2019 together with the Ikea sphere investment company Nalka. AP6 has carried…
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AP6 nominated for award regarding its human rights approach
Learn more: AP6 nominated for award regarding its human rights approachInstitutional Investor presents the Institutional Investor Recognition Awards this week. AP6 has been nominated in the Diversity Champion category for its human rights approach. AP6 added human rights as key focus area for sustainability in 2021 with the ambition to complement the pre-investment due diligence and continuous monitoring of human…
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AP6’s fund capital amounts to SEK 81.1 billion as of April 30, 2025.
Learn more: AP6’s fund capital amounts to SEK 81.1 billion as of April 30, 2025.Since its inception in 1996 and until April 30, 2025, AP6 has contributed SEK 70.7 billion to the Swedish public pension capital. AP6’s fund capital has grown from SEK 10.4 billion to SEK 81.1 billion as of April 30, 2025.The annual return on April 30, 2025 is:16.5% for the last…
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Annual Report 2024
Learn more: Annual Report 2024The Sixth Swedish National Pension Fund’s annual report for 2024 is available. The annual report is available in two versions under Reports / Documents.
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The Riksdag voted in favor of fewer AP funds
Learn more: The Riksdag voted in favor of fewer AP fundsThe Riksdag approved the government’s proposal for changes to the management of the buffer capital in the public pension funds (AP funds). The proposal aims to improve the conditions for more appropriate and cost-effective management and involves, among other things, a reduced number of AP funds. According to the proposal,…
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New Chairman appointed to the Sixth Swedish National Pension Fund
Learn more: New Chairman appointed to the Sixth Swedish National Pension FundThe government has appointed Jan Sinclair as the new Chairman of the Board for the Sixth Swedish National Pension Fund. Catrina Ingelstam, outgoing Chairman of the Board for the Sixth Swedish National Pension Fund, has been appointed by the government as a board member of the Second Swedish National Pension…
9.0 %
Return 2024
15.5 %
5-year average return
12.6 %
10-year average return
Reports and documents.
ABOUT US
AP6 is part of the pension system of the Swedish state
AP6’s assignment is to manage funds entrusted to it in the private equity market (unlisted assets) according to the law that governs the Fund’s operations, the Sixth Swedish National Pension Fund Act (2000:193). Since its inception in 1996 AP6 has contributed SEK 66.7 billion to the pension assets of the Swedish public. AP6’s fund assets has grown from SEK 10.4 billion to SEK 77.1 billion at the end of 2024.
AP6 has generated a positive net profit every year for the past 13 years.
How AP6 invests
Collective expertise based on common goals
Investment
Unique specialist expertise built up over more than two decades of investing in unlisted assets.
A broad network of contacts and long-term relationships with partners.
AP6’s own models and methods for evaluating potential investments.
Sustainability
Sustainability is integrated in all investment activities.
Carefully developed frameworks and tools are used for evaluation prior to an investment and during the ownership phase.
Resources are allocated on an ongoing basis depending on issues and needs identified.
Financial
As a closed-end fund, AP6 has developed detailed models to forecast and manage liquidity.
Experts from the Financial unit participate in the investment process to ensure transaction quality etc.
Legal
The Legal unit works with the investment team during the evaluation phase.
Prioritised topics can be identified early on in the process in preparation for contract negotiations.
Long-term investment strategy
Long investment horizon with integrated sustainability
01.
Investment process
Fund investment decisions are preceded by an extensive process that can take several years. In co-investments, business is generated based in part on a partner perspective and in part on a company perspective.
02.
Ownership phase
The ownership phase is an opportunity to build knowledge and understanding, and to have an impact by monitoring and follow-up activities. AP6’s ESG assessment model Influence is exercised through cooperation, requirements and feedback.
03.
Divestment
As funds and co-investors realise holdings, disbursements to investors take place. The strategy is to stay with fund partners and co-investors during the divestment process.
Sustainability
For AP6, responsible investments and sustainability are prerequisites for delivering a long-term high return. Sustainable development is fundamental to the well-being of future generations and for generating an economic return to future pensioners. Since 2013, sustainability has been an integral part of AP6’s investing activities, e.g. as a component of the review and follow-up on investments. As an investor in various types of businesses, sectors and geographic locations, it is necessary to have a broad approach to sustainability, based on international agreements on human rights, labour rights, the environment and anti-corruption. AP6’s responsible investment targets are based
on the organisation’s role as an indirect investor in
private equity and applies to the entire portfolio.
1. DUE DILIGENCE
– Evaluation of sustainability: Enviroinement, labor rights, human rights, anti- corruption.
– Scope depends on the type of investment, geographic location, etc.
– Internal or external resources.
2. INVESTMENT DECISION
Sustainability is always part of the supporting documenation used for decisions by the Allocation Committee and Board of Directors
3. INVESTMENT AGREEMENT
– Standardized writing regarding sustainability in fund agreements.
– Integration of exclusion criteria in the fund agreement (funds).
– Inclusion in the acquisition documentation, as needed (co-investments)
4. OWNERSHIP
– Annual assesment and review.
– Requirements on governing documents & processes to improve and develop them,
- On the agendas of the Board and fund advisory bodies.
- Meetings with companies.
5. EXIT
– Sustainability is becoming increasingly important when settling in private equity. The main owner (eg the fund company) is responsible for and carries out divestments of companies.
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Distribution of the year-end report typically occurs at the end of February or beginning of March.
Contact us
Find answers about investments, sustainability and other questions
To get in touch with various departments, seek answers to specific questions, information regarding Public access to information and secrecy, etc.