
Sixth Swedish National Pension Fund / Sjätte AP-fonden
The Sixth Swedish National Pension Fund (AP6) was a fund-of-funds focused on private equity investments within the Swedish pension system, particularly in venture capital. Its operations ceased at the end of 2025.
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Overview
The Sixth Swedish National Pension Fund (Sjätte AP-fonden or AP6) was established to manage investments within the Swedish pension system. After 30 years of activity, its operations ceased at the end of 2025 following a decision by the Swedish Parliament. AP6 was involved in venture capital investments, generating returns for the pension system. The reform aimed to streamline the management of the pension system's buffer capital and integrate AP6 into the buffer fund system, enhancing the efficiency and sustainability of capital management for Swedish pensioners. Following its closure, its assets and obligations were transferred to the Second Swedish National Pension Fund (AP2).
Focus
AP6 focused on venture capital investments. Following its closure, its assets and obligations were transferred to the Second Swedish National Pension Fund (AP2). Some assets were integrated into AP2's existing venture capital portfolio, while others were managed separately in a transition portfolio with a long-term focus on value creation and liquidity.
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