# NSN Pension Trust

NSN Pension Trust is a Pension Fund based in Espoo, Finland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Espoo, Finland
- **Region:** Europe
- **Address:** Karakaari 7, 02610 Espoo, Finland
- **Founded:** 1865
- **Assets under management:** 1,326 (Altss estimate)
- **Website:** www.nokia.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Private Equity
- Infrastructure
- Real Estate

## People

- Thomas Friese — Chairman of the NSN Pension Trust Board
- Amin Obeidi — Head of Pensions Germany and Senior Asset Manager

## Questions

### Who runs investment decisions at NSN Pension Trust?

Thomas Friese chairs the board. Amin Obeidi serves as Head of Pensions Germany and Senior Asset Manager.

### Does NSN Pension Trust participate in fund commitments or only direct deals?

The trust acts as a limited partner in unlisted private equity funds and infrastructure project investments.

### What asset classes does NSN Pension Trust allocate to?

Allocations include private equity at 7.78 percent, global real estate, infrastructure holdings, commodities and absolute return strategies.

### How is NSN Pension Trust related to Nokia Corporation?

Nokia Corporation acts as sponsor and parent company of the pension trust.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/nsn-pension-trust

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