AMWatch

ATP CIO warns of "pyramid potential" in private equity investments

The CIO of ATP, Denmark’s state supplementary pension fund, has spotted worrying tendencies on the private equity market. Europe’s largest asset manager raised same concern recently.

ATP's chief investment officer Mikkel Svenstrup. | Photo: PR.

Last year, over 80% of the companies ATP had invested in through private equity funds were sold to buyout funds, or another fund with the same owners. This is not a trend CIO Mikke Svenstrup is particularly happy about, the Financial Times reports.

In total, ATP ahs committed capital to 147 buyout funds, according to the media citing data from PitchBook.

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