Content is loadingDanske Private Equity A/S, a specialised fund-of-funds manager based in Copenhagen, Denmark. Danske Private Equity is a Danish limited liability company founded in 1999 and a wholly-owned subsidiary of Danske Bank A/S, registered with the Danish Business Authority under reg. no. CVR 27425607.
Danske Private Equity A/S is responsible for all portfolio
management and risk management activities related to the
Danske PEP family of funds. Subscriptions to prior Danske PEP funds have been from significant institutional
investors, mainly pension funds and life insurance companies in Northern Europe as well as corporate treasuries
in
Denmark.
Danske Private Equity operates fully independently with all investment related decisions being a matter solely of the investment committee constituted by selected team members of Danske Private Equity.
Being a wholly-owned subsidiary of Danske Bank, we leverage on relevant support and expertise as needed with certain core functions delegated to other affiliates or divisions within the Danske Bank Group as needed. Such delegations are monitored by Danske Private Equity on a regular basis. For these and all other interactions with the Danske Bank Group, selection of an affiliate as a service provider requires that affiliate to offer both wholly competitive commercial terms and synergies that may further benefit the Danske PEP family of funds.
Preventing and fighting financial crime are two essential tasks that every responsible financial institution must perform. That is why we at Danske Private Equity have both an obligation and a commitment to comply with Danish and international anti-money laundering legislation and regulations and to fight money laundering and fraud against banks and customers.
Among other things, this means that we continuously update our knowledge of our customers and their use of our products and services, carefully monitor transactions and co-operate closely with authorities in Denmark and elsewhere.
Risk Management is delegated to Danske Invest Management A/S (“DIMA”). DIMA is the management company for the Danske Invest mutual funds, comprising approximately EUR 82bn of assets distributed on more than 278 sub-funds (classes) as of end of 2019. DIMA is authorised by Finanstilsynet, the Danish Financial Supervisory Authority both as a mutual funds management company and as a manager of alternative investment funds. The breadth and depth of DIMA’s operation allows Danske Private Equity and the Danske PEP family of funds to benefit from risk management at a higher level of sophistication and dedicated resources than would have been feasible on a standalone basis.
For further information on DIMA please refer https://www.danskeinvest.dk
Compliance is delegated to Danske Wealth Management Compliance (“DWMC”). DWMC oversees compliance, anti-money laundering and prevention of terror financing for all entities of Danske Wealth Management. This secures not only effective controls, but also oversight of potential conflicts of interest.
For further information on Danske Bank compliance please refer https://danskebank.com/about-us/corporate-governance/compliance
The EU Alternative Investment Fund Managers Directive (the “AIFMD”) as implemented in Danish law regulates the activities of certain private fund managers undertaking fund management activities or marketing fund interests to investors within the European Economic Area (“EEA”). The AIFMD is implemented into Danish law mainly through Danish Consolidated Act no. 1047 of 14 October 2019 on Managers of Alternative Investment Funds, as subsequently amended. For the purposes of the AIFMD, Danske Private Equity is an Alternative Investment Fund Manager (an “AIFM”) authorised by Finanstilsynet, the Danish Financial Supervisory Authority under FT no. 23026 and each vehicle constituting the Danske PEP family of funds is currently expected to be an Alternative Investment Fund (an “AIF”) established in Denmark. As an EEA AIFM of an EEA AIF, Danske Private Equity is subject to numerous compliance obligations and requirements under legislation implementing the AIFMD in Denmark and the EEA member jurisdictions into which interests in the Danske PEP family of funds are marketed. Such obligations and requirements include, but are not limited to, the following: (i) Danske Private Equity is subject to certain reporting, disclosure, capital requirements, depositary and other compliance obligations under legislation implementing the AIFMD, which may result in the Danske PEP funds incurring additional costs and expenses; (ii) Danske PEP funds and/or Danske Private Equity may become subject to additional regulatory or compliance obligations arising under national law in certain EEA jurisdictions, which may result in Danske PEP funds incurring additional costs and expenses or otherwise affect the management and operation of the Danske PEP family of funds; (iii) Danske Private Equity will be required to make detailed information relating to the Danske PEP funds and its investments available to regulators and third parties; and (iv) legislation implementing the AIFMD may also restrict certain activities of the Danske PEP funds in relation to EEA portfolio companies (where acquired under co-investment arrangements) including, in some circumstances, the Danske PEP fund’s ability to recapitalise, refinance or potentially restructure an EEA portfolio company within the first two years of ownership.
The PRIIPs KID documents on Packaged Retail and Insurance-based Investment Products (PRIIPs) are designed to give retail investors standardized information about a PRIIP. This essential information includes the main features of the product, the risks and reward profile and costs associated to the PRIIP. Below are the relevant PRIIPs KID documents on Packaged Retail and Insurance-based Investment Products from Danske Private Equity A/S (in Danish).
Alternative Investment Funds (AIFs) as defined in Directive 2011/61/EU of the European Parliament and of the Council
This note is intended as a summary of your key rights as an investor in the AIF(s) for the purposes of the European Union Cross Border Distribution Regulation (Regulation (EU) 2019/1156). It is not intended to be and should not be considered as an exhaustive list of all rights which investors may have in respect of the AIF(s).
Capitalised terms used in this summary and not otherwise defined have the meanings given to them in the relevant offering documents. Please refer to the relevant AIF offering documents for further details in respect of the functioning of the particular AIF.
Danske Private Equity has adopted the Danske Bank Policy on Responsible Investments. The Responsible Investment Policy safeguards the principle on the integration of sustainability risks in investment analyses and investment decisions.
For further information on how Danske Private Equity considers and integrate sustainability risks please refer to the Responsible Investment Policy.
For further information on how Danske Private Equity seeks to practice active ownership, please refer to the Active Ownership Policy
For further information on how Danske Private Equity considers and integrates sustainability risk into particular funds under management, please refer to the below statements
Danske PEP 2022 (EUR)
Danske PEP 2022 (USD)
Danske PEP 2022 Co-Investment
Danske PEP 2022 (EUR) – Website Disclosure
Danske PEP 2022 (USD) – Website Disclosure
Danske PEP 2022 Co Investment – Website Disclosure
The Remuneration Policy of Danske Private Equity provides that remuneration of portfolio managers in Danske Private Equity shall be structured so as not to encourage the taking of excessive risks with respect to sustainability factors impacting the value of the investments of the Danske PEP funds.
Danske Private Equity is the alternative investment fund manager of the managed funds and as such has the responsibility for the investment management thereof. In accordance with the limited partnership agreements of the managed funds, any investment or divestment decision is made by the general partner of each managed fund based on advice provided by Danske Private Equity. While Danske Private Equity has a long-standing history of attaching great importance in advising on the selection of investments seeking to give proper regard to the avoidance of adverse impacts, such selection criteria do not constitute considering principal adverse impacts of investment decisions on sustainability factors in accordance with EU Regulation 2019/2088 (SFDR). For the consideration of such impacts Danske Private Equity is reliant on the external managers of the investments disclosing how they take such impact into account, noting that a considerable proportion of such managers and investments are located outside the European Economic Area and, accordingly, provide different standards of disclosures on sustainability factors. Danske Private Equity will on an on-going basis review disclosures by the external managers to ensure that Danske Private Equity will consider principal adverse impacts once it has sufficient inputs.
