Denmark’s P+ has invested DKK 400m in a new global goals fund, which, via investments in the private sector in developing countries, is expected to help deliver on the UN's 17 global goals and ensure good returns for members' pensions.

The fund will invest in the private sector in developing countries in Africa, Asia and Latin America, with any investments required to help to support the green transition, contribute to better living conditions, as well as create good returns for investors.

The investment was made as a public-private collaboration through the Investment Fund for Developing Countries (IFU), where P+ has teamed up with three other pension companies and the Danish state to establish the 'World Goals Fund II'.

This is part of a broader Danish effort to achieve the UN's 17 global goals, with public capital being used as leverage to mobilize risk-averse private capital that is invested in developing countries.

The EU has also signed a loss guarantee in connection with public-private cooperation, which means that the EU covers any losses of just over half a billion kroner for private investors in the new World Goals Fund.

In addition to this, private investors get the first right to returns of up to 6 per cent.

Commenting on the investment, P+ CEO, Kåre Hahn Michelsen, said: "P+ was involved from the start when the first Global Goals Fund was established in 2018, and the investment has delivered a satisfactory return for our members, while at the same time we have been able to make a difference in a number of developing countries with investments in e.g. renewable energy, better healthcare and sustainable food production.

"That is why it has also been natural for us to join the new World Goal Fund.

"As a pension fund, our most important objective is to create good returns for our members. But we are also continuously looking for investments that can support sustainable development.

"With the EU guarantee and the first right to a return of up to 6 per cent, we believe that overall a good framework has been created which makes the World Goal Fund II an attractive investment for our members."

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