# Telenor Pension Fund

Telenor Pension Fund is a Pension Fund based in Fornebu, Norway.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Fornebu, Norway
- **Region:** Europe
- **Address:** Snarøyveien 30, 1360 Fornebu, Norway
- **Founded:** 1855
- **Assets under management:** Undisclosed
- **Website:** telenorpensjon.no

## Regulatory record

- **Reports private funds:** No

## About

Telenor Pension Fund was established in 1855 to deliver retirement, disability and child benefits to eligible Telenor staff. The sponsoring employer remains Telenor ASA. A supplementary vehicle, Telenor Pension Fund II, was added in 1997. The fund allocates to private equity through commitments to Alliance Nordic III, Norvestor VII LP and Argentum 2019 IS. Real estate exposure includes direct holdings in Entra ASA and Olav Thon Eiendomsselskap ASA plus a sold portfolio of 85 Norwegian development properties. Infrastructure exposure runs through North Haven Infrastructure Partners A LP and Partners Group Direct Real Estate 2014 LP. Geographic focus centers on Norway and the broader Nordics. Board representation includes NITO and EL og IT Forbundet. Service providers comprise Ernst & Young AS as auditor and Storebrand Pensjonstjenester AS for actuarial and administrative functions. The fund participated in the EIOPA 2025 IORP Stress Test completed in December 2024. The structure is a captive pension vehicle whose investment program is shaped by the regulatory requirements of a Norwegian corporate scheme and its union-nominated directors.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## Questions

### Who sponsors Telenor Pension Fund?

Telenor ASA is the sponsoring employer whose eligible employees receive benefits from the scheme.

### What asset classes appear in the fund's portfolio?

Holdings include private equity commitments, listed Norwegian real estate equities and infrastructure funds.

### Does the fund maintain board representation from employee groups?

NITO and EL og IT Forbundet hold seats on the board of directors.

### What ESG framework does the fund apply?

The fund adheres to UN Global Compact principles with updated guidelines issued in 2024.

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

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