Stockholm (HedgeNordic) – Danske Bank Asset Management is launching a new open-ended alternatives fund focused on private equity and infrastructure investments expected to generate a positive climate impact. The fund, named Danske Invest Alternatives – Global Future, is part of the asset manager’s illiquid alternatives franchise that manages €2.7 billion in assets.
“Alternative investments and sustainability are important strategic focus areas for us – and we have further strengthened our competencies and expanded our product offering here in recent years,” says Thomas Otbo, CIO at Danske Bank Asset Management. “With our new Global Future strategy, our goal is to combine the best of both worlds within alternatives and sustainability.” Danske Invest Alternatives – Global Future targets professional and semi-professional investors with a minimum investment amount is €100,000 and an investment horizon of seven years.
“With our new Global Future strategy, our goal is to combine the best of both worlds within alternatives and sustainability.”
The fund’s portfolio will comprise carefully selected private equity and infrastructure funds, along with co-investments, primarily focusing on Europe and North America. The fund is committed to allocating a minimum of 50 percent of its investments to sustainable assets. “Our aim is to build a broad portfolio with diversified exposure to climate-related private equity and infrastructure investments,” says the fund’s Chief Portfolio Manager, Frederik Hoffmann von Holten. Key investment themes for the fund encompass climate and battery technology, wind and solar energy, electricity transmission, power-to-X technology, and more sustainable transport solutions.
“Our aim is to build a broad portfolio with diversified exposure to climate-related private equity and infrastructure investments.”
“In the coming years, we expect to see a wide range of attractive investment opportunities in companies and projects that can increase sustainable energy production and contribute to a reduction in CO2 emissions,” says von Holten, who has a strong M&A background within energy and climate-related private equity and infrastructure. Before joining Danske Bank Asset Management last year, he was head of corporate M&A at Ørsted and also worked for PJT Partners and Blue Water Energy in London.