A New Breed of FoFs is Taking Shape

Stockholm (HedgeNordic) – A new breed of fund of funds is taking shape in the Nordics. Nordic Investment Opportunities A/S, a Danish closed-end fund with €330 million under management, aims to provide professional investors access to private market funds within private equity, private debt, real estate and infrastructure.

“The fund of funds has committed to their first fund, CVC Strategic Opportunities II managed by CVC Capital Partners,” Bjarne Graven Larsen (pictured), former CIO at both Ontario Teachers’ Pension Plan and ATP, tells HedgeNordic. Managed by one of Europe’s leading private equity firms, the buyout fund invests in high-quality businesses with longer growth horizons.

“We believe this fund is particularly interesting in the current market situation and it provides a solid foundation for a well-diversified portfolio, differentiating from several other funds with a different strategy,” Larsen tells Børsen. Larsen, who is Chairman of the Investment Committee at Nordic Investment Opportunities A/S, is responsible for managing the fund of funds alongside Chief Investment Officer Ashvind K. Guness.

Launched at the beginning of the summer, Nordic Investment Opportunities A/S aims to “bring the skills required for high-quality fund selection, due diligence, investment processes and ongoing management of private funds.” Targeting professional investors such as family offices, foundations and institutions, the fund of funds will open new doors for investors looking to invest in alternative funds. The team of Nordic Investment Opportunities A/S will always co-invest in the underlying funds on equal terms with external investors.