- Denmark’s Industriens Pension has entered into an agreement with Nordea Asset Management on investments in Nordic growth companies through a new credit fund that will provide several billion Danish kroner in capital.
Nordea Nordic Senior Loans Fund will provide loans primarily to Nordic companies owned by private equity funds. Nordea Asset Management will set up the new credit fund under a partnership with Nordea Bank. All loans to companies that the loan fund invests in are on the bank’s balance sheet.
- DIF Capital Partners has announced that DIF Infrastructure IV (DIF IV) has signed an agreement to sell a UK onshore wind farm project to the Transport for London Pension Fund.
The Wadlow wind farm project, located close to Cambridge, has an installed capacity of 26MW and comprises 13 Vestas V90 2MW turbines. The wind farm has been operational since September 2012 and was acquired by DIF IV in 2016. DIF Capital Partners partner and head of exists, Andrew Freeman, said: “We are very pleased with the successful exit of this project. Our proactive approach to divestments helps to deliver attractive risk-adjusted returns for our investors, with this sale further demonstrating the strong track record of our investment strategies.”
- Dutch pension fund, ABP, has published its draft transition plan to the new pension system.
The fund has revealed that it will transition to the new pension rules on 1 January 2027. The draft transition plan also includes agreements on what ABP will look like from January 2027 and how ABP is transitioning to the updated pension plan, as agreed by the social partners.
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