PE drives returns for ATP
Arbejdsmarkedets TillУІgspension (ATP), the DKK 300bn Danish pension fund, has generated a DKK 4.1bn investment return from its entire portfolio for the first half of the year, according to its 2018 H1 interim report published today.
Private equity was the best performing asset class over that period, returning DKK 1.8bn, including DKK 1.1bn returns from ATP Private Equity Partners.
The Hillerod-based pension fund has made several commitments to ATP Private Equity Partners funds since 2005, including investments in private equity funds and companies abroad. The PE portfolio also includes investments in venture and direct equity.
ATP had allocated 10% of its portfolio to private equity as of June this year. The pension scheme's private equity holdings are valued at more than DKK 30bn, including DKK 7.5bn for direct investments and DKK 23bn for fund investments.
ATP recently committed to ATP Private Equity Partners VI. Other commitments include a $75m ticket for Via Venture Partners Fond III and Seed Capital Denmark III.
The pension scheme has 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.
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