Danish pension fund PenSam has signed an agreement to invest $500 million in the sector via QIC over the next three years.
Queensland-headquartered private markets investor QIC should have its eye out for mid-market European buyouts in the coming years as it adds a new client to its books.
Danish pension fund PenSam has signed an agreement to invest $500 million in the sector via QIC over the next three years, as the start of what both sides hope will be a long-term relationship. The mandate covers both co-investments and fund commitments. “As a long-term investor in the lower mid-market, QIC has seen a shifting landscape where traditional peer investors have migrated out of this part of the market for various reasons,” Jepsen said. “In this context, both QIC and PenSam see a compelling opportunity in the current market, and view this as an opportune moment to launch what is expected to be a long-term strategic partnership.”
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