Swedish National Pension Funds AP1, AP3 and AP4 form a joint company, Polhem Infra, for investments in unlisted Swedish companies focusing on infrastructure. AP1, AP3 and AP4 have formed Polhem Infra to lay the best possible foundation for making long-term investments in infrastructure, professionally and cost-effectively, to meet society’s long-term needs for investment. The focus is on cooperation and sustainability.

Infrastructure is defined by Polhem Infra as businesses that manage or provide social services and assets such as renewable power production, energy storage, energy distribution and digital infrastructure.

Polhem Infra will focus on large investments in the private and public sectors. Investments will primarily be made alongside other long-term industrial or financial partners.

Polhem Infra is backed by public Swedish pension capital through AP1, AP3 and AP4. The role of the funds in the pension system is to generate good returns at a well-balanced risk, in order to bolster the pension system for current and future pensioners. Polhem Infra complies with AP Funds legislation as regards to investments rules.

The funds have long experience of investing in and building profitable unlisted companies, Vasakronan, Hemsö, Ellevio, Rikshem, CityHold and Willhem being examples. Infrastructure complements the investment categories of equities, bonds and traditional real estate through long-term, stable, inflation-linked cash flows.