Karsten Kallevig serves as managing director, Global Strategic Capital for Prologis and serves on the company’s Executive Committee. Kallevig joined the company in October 2021 and oversees the company’s Strategic Capital business, which includes ten co-investment ventures in the U.S., Latin America, Europe and Asia. Prologis’ Strategic Capital business is an integral line of business for the company, with $88.2 billion* in assets under management.
Previously, Kallevig led the real estate program at Norges Bank Investment Management (NBIM) from its inception in 2010 and built the team and a USD $30 billion real estate portfolio in the decade that followed. NBIM manages the Government Pension Fund Global, which is the world’s largest sovereign wealth fund.
Kallevig served as NBIM’s chief investment officer for real estate and as CEO of Norges Bank Real Estate Management (NBREM). He also served as special advisor to the CEO of NBIM. Kallevig previously held leadership roles with Grove International Partners and Soros Fund Management in Tokyo and London.
Kallevig is a well-respected leader in the private investment world. He serves as a member of the MIT Sloan Finance Group Advisory Board and has been a guest lecturer at Harvard Business School. He earned a Bachelor of Science in Materials Science and Engineering from MIT.
*Data as of Sept. 30, 2023. AUM is the fair value of real estate properties and development projects in the Strategic Capital business and includes our estimate of the gross value of real estate that could be acquired using existing equity commitments from Prologis and our partners assuming target leverage levels are used. Assets Under Management: Representing 48% of Prologis’ total AUM.
