Our judges believe AP6 deserves the top award for long-term investment strategy for its discipline, clarity of purpose, and sustained performance across more than a decade of strategic evolution. The judges selected AP6 as the winner for a clear and mature long-term investment strategy, built on private equity fund investments and co-investments. The fund demonstrates a disciplined and dedicated approach, partnering with high-quality managers and employing an innovative co-investment model that enhances control and alignment of interests. AP6’s strategy is characterised by careful selection, rigorous monitoring, and consistent application of its well-defined investment philosophy. Its track record of positive returns every year since 2012, combined with strong historical performance and double-digit compound annual growth over five and 10-year periods, reflects the robustness and resilience of its approach. The fund exemplifies prudent risk management, strategic foresight, and a focused commitment to long-term value creation. In the judges’ view, a commitment to continuous improvement, sustainability integration, and advanced analytical methods distinguish it from its peers.