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Pension funds back new Danish State investment fund aimed at entrepreneurs

The Danish state's investment fund, Væsktfonden, has been given a mandate to start yet another fund, which will target entrepreneurs, says the Department of Trade and Industry.

Photo: LISELOTTE SABROE//

The Department of Trade and Industry have agreed that Vækstfonden can start a new fund, which will pave the way for the financing of startups and growing businesses, the ministry reveals in a press release.

"The goal is to raise billions of kroner to invest in entrepreneurs and businesses with growth potential in a fund of funds construction," the announcement reads.

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