Private equity boosts returns for PensionDanmark

However, the entire portfolio delivered mixed returns over the same period, including a 2.6% return for younger members, a positive 0.2% return for older members, and a positive 0.7% return for retired members – PensionDanmark has different allocation mixes depending on the age of contributors. Financial market volatility was one of the factors that hampered returns for 2018, the pension fund said.

Private equity was the third best performing asset class for 2018, after infrastructure (12.5%), and real estate (10.1%). It was the second best performing asset class in H1 2018, returning 4.2%.

The DKK 235.8bn pension fund has invested 5.6% of its portfolio for members under the age of 46 in private equity, against 2.1% for members over the age of 67.

The Copenhagen-based pension fund joined forces with other investors in 2018 in a bid to launch the Danish SDG Investment fund, which meets the 17 UN Sustainable Development Goals. The fund held a final close on DKK 4.85bn in January 2019.

Other recent fund commitments include Saga VII, Waterland Private Equity Fund VII, and Platinum Equity Capital Partners IV.

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