By Muskan Arora
The $77bn Sixth
Swedish National Pension Fund (AP6) has named Jan Sinclair as its new chairman of the board.
Sinclair will
be succeeding Catrina Ingelsta, who has stepped down after nine years to join
as the board member of the Second Swedish National Pension Fund.
“During the
period, the capital has grown by almost SEK 50 billion to today’s SEK 77
billion. AP6 currently collaborates with selected leading players in unlisted
investments, we have a well-composed strategic portfolio, and our
sustainability work is recognized and appreciated by the industry,” as stated
by Catrina Ingelstam, in the recent press release.
Sinclair comes with a background in banking and finance and has held multiple roles at SEB including CEO of SEB Germany and Group Treasurer.
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Since 2019, he has been Chairman of the Board of SBAB and also sits on the boards of STS Alpresor and Almi, among others.
Previously,
the government announced that the Pension Group, which includes all
parliamentary parties, has supported a proposal to merge AP6 with AP2 to expand
expertise and have increased opportunities of investing in unlisted assets by
2036.
A vote to
this proposal is planned in May.
The plan
returned 9% in 2024. For a five-year period at, the plan reported 15.5% return outperforming
the benchmark at 7%.
Within the
portfolio, the buyout portfolio returned 15.9% including the co-investments
that returned 21.1%. The secondary portfolio returned 17.5%, and the venture
portfolio is back on a positive return of 10.6%.
