Skandia

About Skandia

Skandia is the oldest Swedish insurer and one of the Nordics' most established institutional limited partners with approximately SEK 860 billion of total group assets under management as of December 2024 (~€75 billion, Skandia Liv ~SEK 621 billion), headquartered in Stockholm. The firm was founded in 1855 and has been a customer-owned mutual life insurance and pension group since 2014, with bank and asset-management arms, investing the retirement savings of its mutual customer base.

Investment thesis

Skandia deploys capital as a long-horizon institutional LP through a large fund-commitment and co-investment portfolio (approximately €49 billion combined private equity and infrastructure exposure across many GP relationships), with an all-weather multi-asset portfolio carrying a large alternatives sleeve. Sector deployment is diversified across buyout and PE funds, infrastructure, real estate, private credit, listed equities and fixed income. Geographic deployment is Sweden and Nordics home base with a global fund and co-investment programme. The platform is a Swedish private-equity pioneer and one of the Nordics' most established institutional allocators.

Recent activity

As an institutional LP rather than a direct deal sponsor, Skandia does not report firm-level direct exits. Recent acquisitions include ongoing fund commitments across private equity and infrastructure (2024-2025) rather than direct corporate acquisitions. The platform continues active LP deployment across the global GP relationship base. Detailed buyer names and multiple data available on Pro at €49/month.