PKA to start raising third party capital for PE

Institutional Investment Partners Denmark (IIP Denmark), previously known as PKA AIP, has received approval from the Danish Financial Supervisory Authority to act as manager of alternative funds, effective from October 2019.

Unquote understands that IIP Denmark is set up to manage separate accounts, and the launch of new funds depends on the organisation's ability to attract new investors.

"IIP Denmark focuses on Danish institutional investors," says Nishandan Ganesalingam, partner at IIP Denmark. "Our ambition is to have three new investors by the end of 2022."

IIP Denmark focus on investments in private equity and infrastructure funds, as well as co-investments with equity funds.

Managing partner Anette Eberhard is responsible for leading the DKK 65bn IIP Denmark, which has a 20-strong team based in Copenhagen.

PKA, with DKK 300bn in assets under management, has reorganised its alternative unit in 2018, splitting its direct infrastructure and private funds arm into two businesses, naming them AIP Management and PKA AIP, respectively.

The split of the two businesses came in a bid to attract more investors, which would allow committing larger volumes to investments and achieve cost savings.

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