28 November, 2018

Holdings

The capital employed, which amounts to 88 percent of the fund capital, is divided into several different types of investment. Fund investments consist of primary commitments to funds as well as purchases of secondary shares and commitments to secondary funds. The portfolio is considered well diversified into several dimensions such as industries, vintage and geography. In total, funds account for 52 percent of capital employed. Direct investment accounts for 48 percent, which is largely co-investment (together with funds). Co-investments are carried out to a large extent without being burdened by fees, which means that the total management costs can be lowered.

The illustration below shows the composition of AP6’s portfolio as of 2019-12-31.

(Enlarge by clicking on image)