Danica targets junior debt of unlisted companies as part of alternatives focus
Jesper Langmack, Danica Pension's investment director for risk assets, believes junior debt — which falls lower in the bankruptcy pecking order than senior debt — can provide the Danske Bank pensions subsidiary with returns that are attractive, despite the extra risk.
As part of Danica Pension’s investment strategy to add more alternative investments to its overall asset mix, the Danske Bank pensions subsidiary has turned its sights on riskier forms of corporate debt — in particular the junior debt of unlisted companies and preference shares.
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