Storebrand Asset Management announces Q4 2022 business update

Business highlights

Strong local market performance
Sweden was a standout region with significant capital inflows to Storebrand Fonder, driven by our strategic partnerships with distributors, and strong institutional client relationships. In Norway, Storebrand led the Norwegian fund market in terms of net inflows in the quarter, with positive external net flow of NOK 4 billion from several large mandates. Towards the close of the year, we also won several large mandates in Finland and Denmark.

All-time high capital raised for primary strategies
In the fourth quarter, the Storebrand Infrastructure Fund closed, bringing total commitments from investors to EUR 1 billion. During the period, the fund signed its seventh investment, an equity investment solar energy project in the USA.

In private equity, Cubera raised EUR 500 million in its primary strategies. The highest amount of capital ever, and there is unprecedented demand for our secondary strategy.

While the real estate sector has experienced a challenging fundraising environment, we have strengthened our business and increased our number of clients and sustainability certifications of our properties.

Progress in sustainable products and aligning finance with nature
Aiming to make sustainable investment more accessible beyond the Nordics, we launched a tax-efficient emerging markets climate fund for the UK market on the AMX platform during the quarter. The new fund is anchored by an investment from a major pension fund that is part of the UK Local Government Pension Scheme (LGPS).

At Storebrand, we have newly reaffirmed and enhanced our commitments on nature, adopting a new Nature Policy, to guide our investment decisions, towards reducing our negative impact on nature and increasing our positive contribution. At the COP15, we participated at the COP15 biodiversity negotiations as part of the delegation of the Finance for Biodiversity foundation and were a founding member of the Nature Action 100, a new alliance of investors collectively targeting and engaging companies on nature.

Storebrand was recently honoured to receive the highest possible ranking for climate change transparency in a highly respected global analysis conducted by the CDP, a benchmark standard for environmental reporting. As an "A" ranked company for climate change, Storebrand is judged to be among the most transparent in the world with respect to disclosure and performance on climate change, deforestation and water security.

Storebrand has also surpassed last year's ratings on the renowned Dow Jones Sustainability™ World Index as one of the world's leading listed companies in terms of work on sustainability. Storebrand is included, ranked 5th overall in the insurance category worldwide, climbing six points from last year's ranking.

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