PKA, Hellerup, Denmark, committed $100 million to Symphony Technology Group V, said a spokesman for the 250 billion kroner ($41 billion) pension fund.
PKA's total allocation to private equity is 20 billion kroner and will increase in the future, the spokesman added. "PKA wants to invest in small- and medium-sized businesses and private equity give good returns compared to the risk PKA is taking," he said.
Symphony Technology Group V is buyout fund that targets U.S.-based companies in the technology sector. It could not be learned whether PKA has committed to previous Symphony funds.