Tore Sirevaag

Tore Sirevaag is Head of Private Equity at KLP Kapitalforvaltning AS, the asset-management subsidiary of Kommunal Landspensjonskasse (KLP), the mutually owned pension company that manages the retirement assets of Norway's municipal-sector employees and is the country's largest pension institution. In this role he is responsible for building and managing KLP's private-equity exposure — primarily through commitments to external buyout and growth-equity funds and through co-investments — rather than making direct angel or seed-stage bets.

He has been associated with KLP's private-equity activity for many years; KLP Kapitalforvaltning's 2016 annual report already lists him in a private-equity capacity, indicating a long tenure inside the firm's alternatives program. Before KLP, professional-profile records describe earlier experience at Citi and at Nordea, giving him a banking and asset-management background that is typical of institutional PE allocators.

On the education side, profile records indicate he studied at the Norwegian School of Economics (NHH) in Bergen (1995–1997), Norway's leading business and economics school. (Some aggregated profiles also list a CFA designation; this could not be independently confirmed from a primary source and is noted only as reported.)

As a public-facing voice for KLP's private-equity work, Sirevaag has appeared on KLP's own investing podcast, *Fondspodden*, to explain private equity to a retail-investor audience — describing it as "børsens mystiske parallellunivers" (the stock market's mysterious parallel universe).

• Invests as an institutional LP and co-investor, not an angel — committing pension capital to external private-equity funds and selectively co-investing alongside managers.
• Stage: Buyout and growth equity; long-horizon, "patient" pension capital rather than early-stage venture.
• **Strategy framing (in his own words, paraphrased from *Fondspodden*):** private equity is a way "to find profitable companies to invest in and build a portfolio outside the stock exchange" — i.e., gaining exposure to value creation in privately held companies.
• Manager selection: Consistent with KLP's firm-wide responsible-investment mandate, KLP favors PE managers with strong ESG integration and durable, sustainable value-creation track records.
• What makes them say yes: a credible, long-term track record and alignment with KLP's responsible-investor standards — KLP screens managers and underlying holdings against its exclusion and sustainability criteria.