ATP records loss despite strong PE returns

The DKK 785bn fund’s performance took a hit from investments in the global equity markets weighing down performance, and the rising interest rate environment in the US.

Despite the overall loss, the private equity strategy continued to provide strong returns for ATP, delivering a DKK 3bn return, alongside real estate (DKK 2.7bn) and infrastructure (DKK 2.1bn).

ATP's DKK 30bn exposure to private equity is primarily through in-house fund-of-funds manager ATP Private Equity Partners, which makes LP commitments to buyout vehicles, co-investment and direct investments.

ATP recently committed €800m to ATP Private Equity Partners VI, the 2018 vintage program that has recently invested in Accel-KKR Growth III and Astorg VII.

The pension scheme also cooperated with other institutional investors to launch the DKK 4.85bn Danish SDG Investment fund, in a bid to meet the 17 UN Sustainable Development Goals. 

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