Danish family office Lars Larsen Group has acquired a 25% ownership stake in IIP Denmark, an independent private equity manager established by PKA, one of Denmark’s largest labour market pension funds.

As part of the strategic partnership, Lars Larsen Group has also committed to invest a minimum of DKK 7.5bn ($1.06bn) into IIP’s funds through to 2032, reinforcing its long-term belief in the future of private equity investments. The transaction, announced on 25 April 2025, remains subject to regulatory approvals.

PKA will retain its position as the majority owner of IIP Denmark, which currently manages close to DKK 100bn in assets for PKA’s members. The collaboration is intended to accelerate IIP’s growth trajectory, providing enhanced access to capital and resources to pursue new private equity opportunities across Europe.

“We are pleased to enter into this new long-term partnership with PKA and IIP,” said Daniel Albæk, Executive Vice President and CIO of Lars Larsen Group. “We are impressed by what has already been accomplished and look forward to contributing to IIP’s future potential together with its skilled employees and PKA.”

Michael Nellemann Pedersen, Chief Investment Officer at PKA, added: “We have always believed in IIP’s potential. By expanding the group of owners with a financially strong and like-minded partner, we are setting the stage for even greater success.”

This marks the second major investment by the Brunsborg family’s Lars Larsen Group into the asset management sector, following its 41% stake acquisition in Formuepleje in 2021.

The move reflects a growing trend of family offices stepping up as anchor investors in private equity platforms, seeking both stable returns and strategic influence over asset growth and governance.

Source: FBNW