News provider Global Pensions said Denmark-based pension fund ATP's second venture capital fund would target local and Nordic-region information technology and telecommunications companies.
Denmark-based pension fund ATP has set up its second DKr1bn ($m) venture capital (VC) fund.
Pension funds have traditional been indirect investors in venture capital by committing money to independent VCs to manage but a number of large fund managers, such as foundations Wellcome Trust and Novo have taken on direct investing using a corporate venturing approach.
ATP said its second VC fund would target local and Nordic-region information technology and telecommunications companies, according to news provider Global Pensions.
ATP’s…
