Danish fund-of-funds manager
ATP PEP manages €6 billion on behalf of the Danish Labour Market Supplementary Pension Scheme,
Managing partner of ATP PEP, Torben Vangstrup, said it is likely the original targeted fund size of €1.5 billion may be brought down to €1 billion. “As the group has the ambition of launching a fund every two years, €1 billion is more realistic in the current fund raising climate,” he said. “But that may change and we can either ask ATP for an increase in fund size or raise Fund V sooner.” ATP PEP I closed at €1 billion in 2001 and the subsequent two funds both had €1.5 billion to commit.
Founded in 2001, ATP PEP has an 18-strong team with offices in Copenhagen and New York. The firm invests in buyout and venture funds, secondary interests in funds, distressed funds and co-investments in Europe and North America. The team will also consider opportunities in India, Eastern Europe and Australia. Typical fund commitment sizes range from €10 million to €100 million. The typical size of a co-investment is between €5 million to €25 million.
ATP PEP’s strategy is to invest between 65 percent and 75 percent of its money in buyout funds; 5 percent to 15 percent in venture capital funds; 5 percent to 10 percent in secondary and distressed funds; and 0 to 10 percent in co-investments.
Funds in ATP PEP III’s portfolio include a broad range of U.S. and European buyout and venture funds, as well as several emerging market-focused vehicles. They include