Danish pension fund P+ has awarded a €200m European private equity co-investment mandate to Schroders Capital.
The appointment signals a growing demand among Nordic institutional investors for access to Europe’s private equity landscape.
The dedicated mandate is designed to provide P+ with exposure to high-conviction lower- and mid-market co-investment opportunities across Europe, supporting its ambition to deliver cost-effective and attractive long-term returns for its members while increasing investment in European companies.
The portfolio will focus on European companies with strong growth potential, diversified across five key sectors: healthcare, technology, business services, consumer and industrials.
According to Schroders Capital, private assets continue to play an increasingly important role in institutional portfolios as investors seek opportunities to enhance diversification and capture long-term sources of return. It added that private equity remains a particular focus for Nordic investors, supported by strong interest in active investment strategies and specialist managers with established sourcing and execution capabilities.
Jasper Riis, chief investment officer at P+, said: “Given the new global environment we are facing, there is a strategic need for investments that can strengthen European competitiveness and resilience. The fund’s focus on Europe fits very well with P+’s long-term investment strategy and our ambition to increase our investment in European companies.”
Benjamin Alt, head of global private equity portfolios at Schroders Capital, added: “Our focus on the European lower and mid-market has been a defining feature of our strategy. This segment continues to offer a deep opportunity set across companies where transformational growth can be driven. It also tends to show greater resilience during periods of uncertainty, as many of the underlying businesses are more domestically focused and service-orientated.”
