PKA Alternative Investment Partners

About The Fund

PKA Alternative Investment Partners, also known as Institutional Investment Partners Denmark (IIP), is an alternative investment platform predominantly servicing institutional investors. It is an arm of Pensionskassernes Administration (PKA), dedicated to making private fund investments and co-investments in private equity and venture capital funds on a global scale. With the management of approximately USD 14 billion, the firm primarily operates on behalf of four Danish pension funds managed by PKA A/S, that collectively have assets under management of around USD 57 billion and includes memberships from nurses, medical secretaries, social pedagogues, and pharmacologists. IIP is focusing on investments in BioTech among other sectors. They deploy capital out of three-year funds: IIP Private Funds V and IIP Venture II. IIP Private Funds V allocates DKK 13 billion to buyout funds for 2023-2025, with an investment strategy that includes fund of fund investments, primary and secondary fund commitments, and a significant emphasis on co-investments. Portfolio managers seek lower mid and mid-market control-focused managers with operational and strategic value creation models, and only co-invest with managers within their portfolio. Contrastingly, IIP Venture II commits DKK 2 billion for venture capital investments targeting US and European early-stage managers specializing in tech and life science sectors, while also exploring growth equity and climate tech for diversification. Additionally, IIP is licensed by the Danish Financial Supervisory Authority and adheres to global ESG principles. Their responsible investment policy is designed to ensure better and more stable returns by promoting responsible corporate behavior. Their team, consisting of 39 professionals, carries out their investment strategy and monitors private fund commitments, covering various roles from investment to finance, risk, legal, and business development. IIP's processes adhere to UN principles for responsible investment and the firm has stated policies addressing integration of sustainability risks, principal adverse impacts, remuneration, and diversity, following various international declarations and conventions.