VER to invest up to 10% in real estate funds

Finnish state pension fund VER is planning to increase its exposure to real estate and private equity funds to as much as 10%, the fund's managing director Timo Loyttyniemi told IPE real estate. The EUR 10.3 bn fund increased its alternative exposure from 1.3% to 4.1% last year, and ploughed some EUR 165 mln in eight real estate funds.

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