Allocator CareersUpdated Jul 21, 2026
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Pension

Keva

public multi-employer pension fund1 — Helsinki.

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Overview

Keva is Finland's largest pension provider, a statutory public-law body that administers the earnings-related pensions of local government, state, church, and wellbeing services county employees, covering about 1.3 million public-sector employees and pensioners.

Keva's pension assets support retirement benefit obligations for plan participants.1

Investment program

Estimated AUM
$80B as of Dec 31, 20252
Capital pool
public multi-employer pension fund1
Investment model
Keva states that its portfolio is managed through both direct investments and specialized partners. Its investment page also separately reports external asset-management costs.2
Investment approach
The aim of Keva’s investment operations is to maximise the pension fund’s long-term return.2
Spending support
Not listed yet
Spending policy
Not listed yet
Asset allocation
Public evidence references these asset classes or allocation areas: private equity, venture capital, hedge funds, real estate, public markets, fixed income.2
Performance
Not listed yet
Governance
The responsible performance of its task requires Keva to have an excellent understanding of the risks and opportunities relating to factors such as the environment, social responsibility and good corporate governance.2
Investment team
Keva chief investment officer, Maaria Kettunen, added that geopolitical tensions were strongly evident last year.3
Unfunded commitments
Not listed yet
Source freshness
Last verified Jul 21, 2026 · Needs review

Sources

Last verified Jul 21, 2026 from public career and organization materials.

Fact notes

  1. Website (keva.fi)Pool purpose, Capital pool · checked Jul 25, 2026
  2. Website (keva.fi)Estimated AUM, Investment model, Investment approach, Asset allocation, Governance, Investment office page · checked Jul 25, 2026
  3. Website (europeanpensions.net)Investment team · checked Jul 25, 2026

Profile and job sources