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Industriens Pension halves venture program despite record returns

After last year’s record return within private equity, which was primarily driven by venture investments, Industriens Pension has dramatically reduced its new commitments.

"Jeg tror, at alle ønsker at tage risiko af," siger director og PE-specialist i Industriens Pension, Peter Juhl Nielsen. | Photo: Juhl

Share prices have dropped globally but this has not yet rubbed off on the valuation of private equity and venture funds, which tend to react a few quarters later. Several market players have predicted that it will be felt by the funds, and therefore by investors, who are drawing back from venture funds.

After last year’s record 66% return within private equity, which was primarily driven by venture investments, Industriens Pension has now dramatically reduced its new commitments to venture funds and is preparing itself for more uncertain times in that unlisted space.

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