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PensionDanmark earmarks $777 million for infrastructure, maritime funds

PensionDanmark, Copenhagen, committed a total $777 million to infrastructure and maritime funds, the Danish pension fund said on its website.

The €29.8 billion ($32 billion) fund made a 4 billion Danish kroner ($577 million) commitment to Copenhagen Infrastructure III, managed by Copenhagen Infrastructure Partners, it said in a news release.

“Our commitment in connection with the previous investments is a reflection of Copenhagen Infrastructure Partners' undeniable competence in the field. We are looking forward to the sizable investments in the energy market that the fund will undertake,” CEO Torben Moger Pedersen said in the news release.

Copenhagen Infrastructure III focuses on energy infrastructure, including onshore and offshore wind farms, solar energy, biomass-fired power plants and transmission grid systems.

PensionDanmark has a 10% allocation to infrastructure.

The pension fund also committed $200 million to Maritime Investment Fund I, managed by Navigare Capital Partners. The fund will buy, lease and sell ships. Its aim is to build a diversified portfolio of maritime assets, including dry bulk, container, offshore, product, crude oil and chemical tankers.

“PensionDanmark has for a while had a close dialogue with a number of players in the shipping business regarding collaboration in the maritime field. This has resulted in the establishment of Maritime Investment Fund to which PensionDanmark has committed $200 million,” Mr. Pedersen said in a separate news release.