Danish Pension Fund PKA Launches $3.5 Billion Private Equity Fund
PKA Private Funds IV is part of the pension’s strategy to invest in unlisted growth companies.
PKA Private Funds IV is part of the pension’s strategy to invest in unlisted growth companies.
Asset value of sector is more than twice the country’s GDP.
$133 billion program poaches top investor from P+.
Record returns equated to a market rate return of 10.5% for pension plan.
US retirement systems ranked 16th out of 37 countries.
The move is part of MP Pension’s 2020 ESG plans, which favor the Paris Agreement.
Fund keeps Shell and BP for now, but it will still watch the companies it did not divest from to see if—and how—their ESG efforts are improving.
AP Pension believes new employees will invest 25% of their pension in sustainable line.
Danish pension plan’s Acting CEO Bo Foged finally gets the big promotion, but also loses his CIO, Kasper Ahrndt Lorenzen.