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Dansk Vækstkapital II
Birgit Nørgaard chairs Dansk Vækstkapital II, a Danish mid-market buyout fund managed by Danske Private Equity and backed by ATP.
Dansk Vækstkapital II
Dansk Vækstkapital II operates as a dedicated buyout fund managed by Danske Private Equity, the private equity arm of Danske Bank. The fund is the successor to the original Dansk Vækstkapital, continuing a strategy of backing mid-market Danish and Nordic companies through control-oriented acquisitions. Birgit Nørgaard, a prominent Danish executive with a background across engineering and corporate leadership, chairs the board, bringing deep operational oversight to the vehicle. Dansk Vækstkapital II pursues buyout transactions across the Nordic region, focusing on established mid-market companies. The fund utilizes a co-investment model, with a notable limited partner being ATP, Denmark's largest pension fund. The strategy is not limited to a single industry, instead targeting businesses where professionalized governance and operational improvements can drive value. The board includes industrial leaders like Niels Smedegaard and Thomas Plenborg, signaling a focus on hands-on value creation post-acquisition rather than passive financial engineering. The fund is governed by a board that includes experienced operators and financiers. Julie Wiese serves as a board member and also acts as a representative in portfolio companies, as seen with the pharmacy chain Apoteka. The firm adheres to the codes of Invest Europe and is a member of Active Owners Denmark. Dansk Private Equity, the manager, is a signatory to the UN Principles for Responsible Investment, integrating ESG considerations into its investment process. Unlike typical blind-pool buyout funds, Dansk Vækstkapital II is distinguished by the direct involvement of its board members in key portfolio companies, blurring the line between financial sponsor and operating partner. Julie Wiese's dual role as fund board member and portfolio-company representative illustrates this integrated approach to governance, which provides a structural alignment between the investment vehicle and the operational teams running its portfolio assets.
General information
Firm type
Operating Fund
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Denmark
City
Hellerup
Corporate office
Hellerup, Denmark
Principals
Birgit Nørgaard
Chairman of the Board of Directors
Sector focus
Frequently asked questions
What is the relationship between Dansk Vækstkapital II and Danske Bank?
Dansk Vækstkapital II is managed by Danske Private Equity, a subsidiary of Danske Bank. While Danske Private Equity operates with its own investment committee and governance, it represents the alternative investment platform of the Danish banking group. This structure allows the fund to benefit from the bank's origination network across the Nordic region.
Who runs investment decisions at Dansk Vækstkapital II?
The fund is governed by a board of directors chaired by Birgit Nørgaard. The board includes experienced Danish industrialists and financiers such as Niels Smedegaard and Thomas Plenborg, who collectively oversee the investment strategy. Day-to-day management is handled by the Danske Private Equity team.
What investment strategy does Dansk Vækstkapital II pursue?
The fund focuses on control-oriented buyout investments in established mid-market companies in Denmark and the broader Nordic region. It is sector-agnostic, targeting businesses where operational expertise and board-level governance can drive transformation and growth over a multi-year hold period.
Does Dansk Vækstkapital II co-invest with external partners?
Yes, the fund operates with a co-investment model. ATP, the Danish statutory pension fund and one of Europe's largest institutional investors, is a confirmed limited partner in the Dansk Vækstkapital fund family, bringing co-investment capacity to larger transactions.
How does Dansk Vækstkapital II approach responsible investing?
The fund's manager, Danske Private Equity, is a signatory to the UN Principles for Responsible Investment and follows ESG integration guidelines. Additionally, the fund adheres to the professional standards and reporting codes established by Invest Europe, the European private equity trade body.
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