Jens Bisgaard-Frantzen has resigned as managing partner of ATP Private Equity Partners, one of Europe’s largest investors in private equity funds with about $4.3 billion in capital under management and 45 general partner relationships. Bisgaard-Frantzen describes the split as amicable, with the primary issue being a disagreement over whether or not the firm should raise capital from limited partners other than Danish pension fund ATP.
“I joined ATP in 2001 to help form the private equity business, and am grateful for the opportunity,” Bisgaard-Frantzen tells PE Week. “We ended up having a disagreement over direction, and I plan to start a new alternatives business.”
Bisgaard-Frantzen and ATP remain in negotiations over compensation, including existing carried interest agreements. The firm has opted not to replace the managing partner position, and instead will be run by partners Torben Vangstrup, Susanne Forsingdal and Klaus Rühne. —Dan Primack