Institutional Investment Partners Denmark
Alternative investment platform for institutional investors
Institutional Investment Partners Denmark (“IIP”) is an alternative investment platform for institutional investors investing in private funds.
IIP is dedicated to making private fund investments and co-investments within private equity and venture capital funds globally, on behalf of institutional investors. IIP currently manages USD 14 billion.
IIP primarily invests on behalf of the four Danish pensions funds administered by PKA A/S consisting of 350,000 members including nurses, medical secretaries, social pedagogues, and pharmacologists. The PKA funds have approximately USD 57 billion assets under management.
IIP is licensed as a manager of alternative investment funds by the Danish Financial Supervisory Authority (FT-no. 23187) under the Danish Act on Alternative Investment Fund Managers.
|The State Registered Nurses and Medical Secretaries Pension Fund||The Healthcare Professionals Pension Fund||The Social Workers, Social Pedagogues and Office Staff Pension Fund||The Pharmaconomists Pension fund|
How we invest
We invest out of three-year funds on behalf of our institutional clients. Currently, we invest out of two active funds: IIP Private Funds V and IIP Venture II.
IIP Private Funds V is a DKK 13 billion (USD ~1.9 billion) buyout fund to be deployed through 2023-2025. The fund makes primary and secondary fund commitments, and co-investments. IIP expects to make around 20 fund commitments and targets 20-25% to be deployed to co-investments.
IIP Venture II is a DKK 2 billion (USD ~300 million) venture fund to be deployed through 2023-2025. IIP expects to make 25 commitments to venture funds.
What we look for
On the buyout side, we look for control-focused managers investing in the lower mid and mid-market with operational and strategic value creation models. We only co-invest with managers that are already in our portfolio.
On the venture side, we primarily look for US and European early-stage managers focused on investing in technology and life science. However, we are exploring Israel, growth equity and climate tech as new areas for IIP Venture II.
IIP has a large team that is dedicated to carrying out and monitoring private fund commitments.
The team consists of 33 professionals split across investments, finance and support. The investment team has complementary experience from institutional investing, private equity, corporate finance as well as consulting
Jens Hahn Denkov
Isabella Uhre Brink
Senior Investment Manager
Age Mägi Pilgaard
Frederik Ploug Søgaard
Thomas Duch Nielsen
Christian Hjort Pedersen
Mathias Hjorth Hetting
Emil Tilgaard Jensen
Pernille B. Callesen
Jakob F. Osmundsen
Emil Beckett Kolko
Gustav Axel Mølskov Hastrup
FINANCE & VALUATION
Partner & CFO
Head of Finance
Simon Friis Spangslev
Laurits Mørk Palmhøj
Peter Harboe Jørgensen
Head of Accounting
Pia Hanne Hansen
COMPLIANCE & RISK, AND LEGAL
Helle Byrgiel Lyngdal
Compliance & Risk Manager
Christian Harding Buntzen
Linda á Dunga Brøndum
IR & BUSINESS DEVELOPMENT, AND SUPPORT
Senior Associate, IR & Business Development
Executive Assistant/Office Manager
EU’s Sustainable Finance Disclosure Regulation (SFDR) is a significant set of rules related to sustainable financing with the purpose of improving the information and transparency on sustainable issues in the financial sector and preventing misrepresentation of ESG activities or initiatives (greenwashing)
IIP wants to make a difference. Not only to our investors but also to our planet and society. Therefore, we have implemented an ESG investment policy with guidelines for responsible investments.
Our precondition for responsible investments is that companies that act responsibly in the long run are expected to achieve better and more stable returns to their shareholders.
The ESG principles outlined in the ESG policy apply to IIP and we will endeavor that the principles are observed by the investments of any funds and any other type of investment vehicle managed by IIP. IIP integrates our ESG policy in the best possible way in the individual investments. If, via an investment, IIP becomes a co-owner of a company that infringes the ESG investment policy and it is decided to divest the entire investment, the general partner of the investment shall work to ensure that this is done sensibly, taking into account the other investors in the fund.
IIP’s approach to working with responsible investments is based on the UN principles for responsible investment and IIP expects the general partners of the investments to be active owners adhering to the six principles.
Article 3 of the SFDR regulation – Policies
As a FAIF we shall publish on our website information about our policies on integration of sustainability risks in our investment decision process.
The integration of sustainability risks is addressed in our ESG Policy, ESG process description and Portfolio Management Policy including our Due Diligence framework. Through the Due Diligence framework, we identify principal adverse impacts on sustainability factors such as environmental and social issues and we assess sustainability risks on financial returns.
Article 4 of the SFDR regulation – Principal adverse impact
Financial Market Participants with less than 500 employees can choose to consider principal adverse impact of its investment decisions on sustainability factors. Though not legally required, IIP has decided to consider principal adverse investment decisions on sustainability factors. Please refer to our “Principal adverse impact Statement” for a description on how we consider such principal adverse impact.
Article 5 of the SFDR regulation – Remuneration Policy
IIP has both a remuneration policy and a diversity policy. These policies aim at ensuring compliance with relevant regulations and standards. The principles on hiring, evaluating and promoting employees include an overall assessment of employee, actions and effort. Attention to ESG issues and risks are part of the overall assessment process.
IIP provides information to its investors on how sustainability risks are integrated in the investment process and decisions as well as information on the likely impacts of sustainability risks on the return on the investments cf. Art 6,1. This information is provided in the Investor Disclosure Document.
Our guidelines can be divided into two categories:
1. Broad adherence to conventions, including:
- The Universal Declaration of Human Rights
- The International Labour Organization’s (ILO) Declaration on Fundamental Principles and Rights at Work
- The Rio Declaration on Environment and Development
- The United Nations Convention against Corruption
2. Specific bans on investments in:
- Unconventional weapons
- Coal companies