# AP Pension

AP Pension is a Pension Fund based in Copenhagen, Denmark.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Copenhagen, Denmark
- **Region:** Europe
- **Address:** Sundkrogsgade 29, Copenhagen, Denmark
- **Founded:** 1919
- **Assets under management:** 26.5B (Altss estimate)
- **Website:** appension.dk
- **LinkedIn:** https://dk.linkedin.com/company/ap-pension

## Regulatory record

- **Reports private funds:** No

## About

AP Pension is an independent customer-owned Danish pension company founded on September 8, 1919. It originated from the cooperative movement under the principle that profits benefit customers only. The company creates value and financial surplus for clients through independent investment choices that include sustainable options.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Renewable Energy

## People

- Bo Normann Rasmussen — CEO
- Pernille Jessen — CIO

## Questions

### Who runs investment decisions at AP Pension?

Bo Normann Rasmussen serves as CEO and Pernille Jessen as CIO. They oversee allocations across private equity, real estate and infrastructure.

### Does AP Pension participate in fund commitments or only direct deals?

The firm executes both fund commitments and direct investments. Confirmed direct holdings include Nykredit, ETNA and multiple Copenhagen office properties.

### What asset classes does AP Pension target?

Allocations include private equity at roughly 1 percent, direct real estate through AP Ejendomme and renewable energy infrastructure. Sustainable forestry accounts for 10 percent of alternatives.

### Where does the underlying structure of AP Pension originate?

The firm traces to the 1919 cooperative movement. It remains customer-owned with all financial surplus directed to policyholders.

### Which co-investors has AP Pension partnered with recently?

Partners include PensionDanmark in the Nykredit consortium and AkademikerPension in the ETNA defence fund.

### How does AP Pension approach sustainability mandates?

The firm is a UN PRI signatory and IIGCC member. It targets net-zero emissions by 2050 through Paris Aligned Asset Owners and co-finances biodiversity projects via the Planetary Responsibility Foundation.

### What recent property transactions has AP Pension completed?

In 2025 the firm sold a 50 percent stake in Svanemølleholm to KanAm Grund and divested three care homes to Northern Horizon.

## Related profiles

- [West Midlands Pension Fund](https://altss.com/profile/west-midlands-pension-fund)
- [Gothaer Asset Management](https://altss.com/profile/gothaer-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ap-pension

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology