Jens Bisgaard-Frantzen has resigned as managing partner of
Bisgaard-Frantzen, describing the split as amicable, blamed 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 told Buyouts. “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 carried interest agreements. The firm has opted not to replace the managing partner position. It will instead be run by a trio of partners, Susanne Forsingdal, Klaus Rühne and Torben Vangstrup.—D.P.