Danske Bank Asset Management has expanded its alternative investments mandate with Danish Industry to nearly DKK 1.7bn, equivalent to approximately $245m.

The increase from around DKK 800m marks a significant scaling of the discretionary portfolio managed on behalf of Denmark’s largest business organisation. The mandate spans private equity, private credit, and infrastructure strategies.

The renewed agreement follows what both parties describe as a successful partnership since the end of 2023. Importantly, the expansion comes alongside the portfolio’s first successful exit, reinforcing confidence in the platform’s performance.

The portfolio is managed by the firm’s dedicated illiquid alternatives team. Risk modelling specialists have also been involved in the mandate’s structuring process.

Casper Bruyant Bonde, CEO of Danske Private Equity A/S, said, “We are very pleased with the trust that Danish Industry is showing us with the new agreement. It is a strong signal that we create value for our clients.”

Christian Vestergaard Paulsen, Head of Portfolio Risk Advisory, added, “At the end of the day, it is a question of supporting the long-term value creation for our clients in the best possible way, and in this respect, solid risk calculations are a valuable tool for making the right investment decisions.” 

The $245m mandate underlines Danske Bank Asset Management’s strategic focus on alternative investments. In recent years, the firm has expanded its organisational capabilities in illiquid strategies and strengthened its international investment network.

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