ATP establishes new fund and opens for external investors
With a capital commitment of €800m, ATP has established its seventh fund ATP PEP VII in the subsidiary Private Equity Partners (ATP PEP).
”ATP PEP has year after year provided a world-class return to our members and at the same time the team has been able to implement our increased requirements for ESG-integration in the investment processes and ensured that ATP’s tax policy has been implemented. Therefore, I am very pleased that we have entered into an agreement on another fund”, says Mikkel Svenstrup, CIO at ATP.
At the same time, ATP gives the team in ATP PEP the possibility to seek interest among other likeminded institutional investorstoparticipate in a parallel fund to ATP PEP VII.
”This in order to ensure a longer lasting business model where ATP achieves further savings and can still maintain a strong and competent investment team”, says Mikkel Svenstrup. In parallel ATP will work on obtaining the necessary regulatory approvals.
”We are pleased with the launch of the seventh fund and are proud of the continued support from ATP and the opportunity to offer our service for the benefit of more investors,” says Torben Vangstrup, Managing Partner at ATP PEP.
The investment strategy for ATP PEP VII will largely be identical to the previous funds, with a special focus on private equity funds in Europe and North America and co-investments with these funds. ATP PEP VII will start investing with immediate effect.
ATP Private Equity Partners
Since the establishment of ATP PEP in 2002, ATP has given total commitments of more than €10bn for investments in private equity and is thus one of Europe’s largest institutional investors in private equity funds. ATP PEP has delivered an average of 12.5% in annual returns and has several times since 2013 been named by Preqin as the most consistently top-performing fund of funds in the world - most recently in the third quarter of 2020. ATP PEP is an independent subsidiary and has 11 employees, of which 5 are investment partners with a total of more than 80 years of experience in private equity investing.
For further information, please contact Head of Press Stephan Ghisler-Solvang, tel. +45 6122 9392, email: stg@atp.dk
Documents
About ATP
The ATP Group is Denmark's largest pension company and processing business. We solve tasks for almost all Danish citizens and companies. With pension assets of DKK 934 billion, ATP is one of Europe’s largest pension companies. Pensions & Investments are responsible for ATP's pension product, ATP Livslang Pension (Lifelong Pension). ATP Livslang Pension is a collective scheme with more than 5 million members. The aim is to provide good and stable pensions by ensuring a lifelong real value guarantee. This is done by investing in e.g., bonds, equities, real estate and infrastructure. ATP Livslang Pension ensures that almost all citizens in Denmark receive a supplement to the state pension when they retire – and for the rest of their lives.
Subscribe to releases from ATP
Subscribe to all the latest releases from ATP by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ATP
Garantifond udbetaler 800 millioner til konkursramte21.2.2024 11:53:25 CET | Pressemeddelelse
Lægger man udbetalingerne af løntilgodehavender sammen, har Lønmodtagernes Garantifond (LG) i 2023 sikret udbetalingen af i alt 812 mio. kr. til knap 12.500 konkursramte lønmodtagere.
Fremgang for ATP i 2023 – og flere penge til pensionisterne8.2.2024 08:00:00 CET | Pressemeddelelse
Trods en udfordrende start på 2023 sluttede ATP året i plus med et samlet afkast på knap 6 mia. kr. i investeringsporteføljen. Takket være en stærk bonusevne over hele året kunne ATP igen forhøje den livslange pension – denne gang for de godt 1 million pensionister i ATP’s medlemskreds.
ATP indgår tech-strategisk partnerskab til trecifret millionbeløb4.1.2024 09:30:00 CET | Pressemeddelelse
Som vigtigt skridt i fremtidssikringen af velfærdssamfundet og udbetalingerne af velfærdsydelser i ATP har pensions- og administrationskoncernen indgået en seksårig licens- og driftsaftale med softwarekoncernen SAP.
ATP udnævner ny Chief Risk Officer og medlem af koncernledelsen18.12.2023 10:05:43 CET | Pressemeddelelse
Jacob Lester, der kommer fra en stilling som vicedirektør i Pensions & Investments i ATP, er ny CRO, medlem af Koncernledelsen og ansvarlig for ATP’s risikostyringsfunktion fra 1. januar 2024.
1,1 millioner pensionister får højere pension fra nytår29.11.2023 09:00:00 CET | Pressemeddelelse
1,1 millioner pensionister i Danmark får fra årsskiftet mere i pension fra ATP. ”ATP er så økonomisk robust, at vi igen kan give pensionerne et økonomisk løft og dermed gøre dagligdagen hos kernen af vores medlemmer lidt lettere,” siger ATP’s adm. direktør Martin Præstegaard.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom