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Nordic-based Private Equity Fund of Funds Managers

by Patrick Adefuye

  • 10 May 2012
  • PE

Preqin’s Investor Intelligence currently profiles 13 private equity fund of funds managers that are based in the Nordic region. Of these, there are five based in Norway, three in Denmark, two in Finland, two in Iceland and one in Sweden. The largest three, by amount currently invest in private equity, are Denmark-based ATP Private Equity Partners (ATP PEP), Denmark-based Danske Private Equity and Finland-based eQ Asset Management.

ATP PEP is the private equity arm of ATP Pension (the Danish Labour Market Supplementary Pension Scheme) and the manager of the pension's private equity investments. ATP PEP invests in buyout funds, venture funds, distressed related funds and co-investments in Europe and North America. It also considers emerging markets such as Asia, Eastern Europe, Australia and South America for private equity opportunities.

Danske Private Equity is a specialist private equity fund of funds manager. It does not have a preference in terms of industry but allocates the vast majority of its capital to buyout funds targeting Europe and North America. Its latest vehicle, Danske-Private Equity V, focuses on buyout fund investments, allocating capital equally between North America and Europe.

 eQ Asset Management makes commitments to private equity funds through funds of funds vehicles, on behalf of its clients (primarily institutions and a few high-net-worth individuals), and from its own balance sheet. eQ Asset Management has traditionally allocated around 65% of its portfolio to mid-market buyouts, 20% to large buyouts and 15% to venture capital. It will also consider expansion and turnaround funds for investment. eQ Asset Management commits to funds targeting both Western and Eastern Europe, Scandinavia, Russia, and countries in the Commonwealth of Independent States (CIS)

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