PE second best asset class for PensionDanmark in H1

The entire portfolio returned DKK 1.1bn for the same period, with regular premiums amounting to DKK 6bn.

Private equity was second only to real estate (4.4%), with infrastructure (2.7%) rounding off the top three best performing asset classes.

The pension scheme has allocated 5.6% of its portfolio to private equity for members under the age of 41, and around 2.1% for members at the age of 65 (with the plan aiming for higher exposure to risky assets until members reach the age of 41).

PensionDanmark has committed to Apollo Overseas Partners IX and Waterland Private Equity Fund VII so far in 2018. It also joined forces with other institutional investors to launch the Danish SDG Investment fund earlier this year, in a bid to meet the 17 UN Sustainable Development Goals.

The pension scheme has outsourced its investments in the lower-mid-markets in Europe and the US to external fund-of-funds managers, where the funds amount to €500m in size. Its average private equity commitment size is €75m.

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