# Kjölur stéttarfélag

Kjölur stéttarfélag is a Pension Fund based in Akureyri, Iceland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Akureyri, Iceland
- **Region:** Europe
- **Address:** Skipagata 14, 602 Akureyri, Iceland
- **Founded:** 2007
- **Assets under management:** 412 (Altss estimate)
- **Website:** www.kjolur.is

## Regulatory record

- **Reports private funds:** No

## About

Kjolur Pension Fund was established in 2007 to serve members of Kjölur, the Icelandic civil servants' union. It operated until the June 2012 merger into Almenni lífeyrissjóðurinn. The fund deployed capital across member mortgage loans valued at 14.3 billion ISK, a minority stake in Eik fasteignafélag hf. valued at 38 million ISK, and allocations to infrastructure funds. Public equity positions included stakes in Icelandair Group, Marel, Eimskipafélag Íslands, Vátryggingafélag Íslands, Festi, and Kvika banki. Limited partner interests were held in KKR Americas Fund XII, Carlyle Partners VII, Portfolio Advisors Private Equity Fund X, and Oberon USA Credit Investment Fund. The fund maintained membership in Landssamtök lífeyrissjóða. It attended the Almenni Pension Fund Annual General Meeting in March 2024. External service providers included Deloitte ehf. as auditor. Kjolur operated through its successor Almenni after the 2012 merger, with investment decisions integrated into the larger pension platform.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Gunnar Baldvinsson — Managing Director

## Questions

### What happened to Kjolur Pension Fund after 2012?

Kjolur merged into Almenni lífeyrissjóðurinn in June 2012, with its assets and obligations transferred to the successor entity.

### Which asset classes did Kjolur hold?

Holdings included member mortgage loans, equity in Eik fasteignafélag hf., infrastructure funds, and listed Icelandic equities such as Icelandair and Marel.

### Who managed Kjolur's successor operations?

Gunnar Baldvinsson serves as Managing Director of Almenni Pension Fund, the entity that absorbed Kjolur.

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- [New Haven (Conn.) Police & Fire Retirement System](https://altss.com/profile/new-haven-conn-police-fire-retirement-system)
- [Hanson Asset Management](https://altss.com/profile/hanson-asset-management)

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Last updated: 2026-07-08T21:10:38.459Z

Canonical page: https://altss.com/profile/kjolur-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology