Norway appoints private equity man for £15bn property push

  Norway’s sovereign wealth fund has appointed Karsten Kallevig to head up its property acquisition strategy.   The Norwegian Government Pension Fund Global is set to allocate up to 5% of its £300bn of assets into property over the next five-10 years.   This process will be led by Kallevig, who joins from a position of head of the Japanese office of private equity firm Grove International.   He has also worked in Grove’s European office, and is a veteran of Goldman Sachs’s Whitehall property fund management business.   Paul Golding, a former director of Merrill Lynch, had laid the groundwork for Norway’s property investment strategy in Europe as preliminary head of real estate.   michael.phillips@estatesgazette.com