Back in 2002, in the wake of the collapse of the dot-com bubble when leveraged buy-outs reached an unparalleled size, Danish labor-market pension fund Industriens Pension decided to dip its toe in the venture capital pool. That dip became a swim, and today Industriens Pension is directly invested into 60 venture capital funds around the globe.
Being a new kid on the block, Industriens Pension decided to start by opting for a fund-of-funds set up.
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