Danish industrial sector pension provider Industriens Pension, which currently has roughly DKK 23bn (EUR 3.1bn) invested in global private equity, now wants to dial up on direct co-investments as a growing alternative to directly investing in funds.
The idea here is to cut costs on investing in PE firms, which Industriens Pension Head of Unlisted Investments Jan Østergaard says are high, taking the form of management fees and return sharing through carried interest – and also based on particularly good experience in reducing expenses throughout several years by using the same investment method in specialized infrastructure and real estate funds.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for AMWatch has now started
With your free trial you get:
Full access to all locked articles on AMWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from AMWatch
From utopian to center stage at PFA: "It's a challenge worth a proper fight. And trust me, it is not a walk in the park"
Is it possible to make a 180-year-old Swiss private bank significantly more sustainable in less than two years? Sasja Beslik believes so, having left J. Safra Sarasin to take the over the reins at Denmark's largest commercial pension fund, PFA. Even though only 1.5 percent of PFA's clients have opted for its climate product after more than a year on the market, it shouldn't become the mandatory savings product, he argues.