Case Study

ATP Private Equity Partners (A): January 2002

24 pages
July 2003
Reference: IMD-3-1130

ATP PEP (A) focuses on the history of the ATP complementary pension fund system in Denmark, its genesis and current stage of development. As a relatively young pension fund system, it is still facing relatively large contributions relative to the amounts it has to pay out to its pensioners. But the projections, both in terms of demographics and portfolio returns, indicate that the situation is rapidly going to change, and ATP better get ready for these large outlays in the future. The case describes the strategic review process entered into by ATP in January 2002, which led to the decision to significantly increase the portfolio allocations towards private equity and alternative investments vehicles, a radical move for a European pension fund manager which will transform ATP-PEP into the largest single private equity investor in Europe for the period 2002-2005 as it shifts its portfolio towards its target allocations.

Keywords
Pension Fund Management, Risk Exposure, Hedging, Private Equity, Venture Capital
Settings
ATP Private Equity Partners, Finance and Insurance, Financial Services
2002
Type
Field Research
Copyright
© 2002
Available Languages
English
Related material
Teaching note
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