The first fund, Dansk Vækstkapital I, was established in 2011 by Vækstfonden, later Denmark’s Export and Investment Fund (EIFO), with the overarching mission of supporting Danish growth in the wake of the financial crisis through capital injection into the Danish venture, small and mid-cap market.

The success of the first fund led to its successors in the form of the subsequent funds Dansk Vækstkapital II (2016) and Dansk Vækstkapital III (2021).

On 1 January 2025, Danske Private Equity, a part of Danske Bank Group, took over the management of the Dansk Vækstkapital I-III funds as well as potential future Dansk Vækstkapital funds from EIFO after an extensive tendering process.

Some highlights for the Dansk Vækstkapital I-III funds:

• In total, a broad group of investors has committed approximately DKK 9.4 billion to the funds.
• Investors in these funds include, among others, the Danish government (through EIFO), Danish pension funds, commercial and charitable foundations, family offices, and other private investors.
• In aggregate, Dansk Vækstkapital I-III have invested in 55 different Danish, Nordic, and European buyout and venture funds, as well as a limited number of co-investments.
• To date, these buyout and venture funds have invested in more than 800 companies across various industries, geographies, and stages.
• The investments have had a Nordic focus and a strong Danish angle, with 55% of the invested capital directed towards Danish companies. In total, 75% of the capital has been directed towards Nordic companies.

Source: Danske Private Equity, data as of Q4 2024.