Pension fund KPN is aiming to make an investment of between 5% and 7% of its €10bn assets in infrastructure, corporate and real estate debt by 2026, with half of that total going to impact investments – if the fund can identify suitable managers – according to a report by IPE.com.
The Dutch telecoms firm’s pension fund has set itself a goal for 5% of its entire portfolio to be to impact investments by 2026, with half coming in the form of green bonds. KPN has reportedly identified private debt as a candidate for th remaining 50%.
The fund has already carried out a strategic asset allocation study which has shown that private loans could improve the risk-return ratio of the entire investment portfolio by “about 0.15% … with limited additional risk,” according to board member Caspar Vlaar.
