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Impact Investing

IPE special report May 2018


DIP invests in unlisted companies

The Danish engineers pension scheme DIP has just paid the first drawdown of its commitment to invest in Scandinavian unlisted companies through a limited partnership managed by Swedish-based Procuritas. DIP's investment director Steen Villemoes says the total commitment is for Skr45m ($5.8m) in the vehicle, which was just established this year.

It is focusing on small to medium-sized unlisted Scandinavian companies. The time period is for 10-12 years." The scheme has had Danish unlisted investments for some time, he points out.

The pension scheme, which has assets of Dkr1.6bn ($244m), of which 35% is in equities, has also invested in US private equity portfolios run by First Analysis Corporation in Chicago. "We have decided to invest in their third fund with a $10m commitment.""

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