NSN Pension Trust

NSN Pension Trust

NSN Pension Trust operates as the defined benefit pension scheme tied to Nokia Corporation. Thomas Friese serves as board chairman and Amin Obeidi leads pensions operations in Germany. The scheme covers employees in multiple countries and follows Nokia Group ESG policies. The trust allocates to private equity, infrastructure, real estate, commodities and absolute-return strategies. It commits to unlisted private equity funds and infrastructure projects as a limited partner. Geographic exposure spans Europe, North America and Asia. Ticket sizes range from $10 million to $50 million with an investment horizon of 10 to 20 years. The trust maintains relationships with service providers including Deloitte as auditor and Citibank as depositary. It participated in the CAIA Germany panel in January 2024 on private market investing and ELTIFs. Amin Obeidi holds a chapter executive role with the CAIA Association German Chapter. Governance centers on the sponsor relationship with Nokia Corporation, which established the trust to manage retirement liabilities separately from corporate operations.