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Norway’s Storebrand grows stake in AIP to 60%

RICHARD HEAP

June 27, 2024

Norwegian financial services group Storebrand is growing its stake in Danish infrastructure fund manager AIP Management to 60%.

Storebrand bought a 10% stake in AIP Management in 2020 and is now buying a further 50%. Danish pension fund manager set up AIP in 2012 to manage energy transition investments in Europe and North America, and it now has €8bn of assets under management.

AIP will continue to be led by its current partners and operate under the AIP brand as part of Storebrand Asset Management. Storebrand currently operates a €1bn Storebrand Infrastructure Fund and is setting up a successor fund.

Jan Erik Saugestad, chief executive of Storebrand Asset Management, said: “AIP will expand our investment offering in infrastructure and will strengthen Storebrand Asset Management’s position as an investment partner and a leader in sustainable investments. Our clients show great interest in long-term investments with stable returns and positive impact like infrastructure.”

Kasper Hansen, managing partner at AIP, said: “With Storebrand as a majority owner, we have a great partner that can help unlock our potential and accelerate the drive towards a net zero economy by enabling even more investors to invest in the energy transition.”

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