# LD Fonde

LD Fonde is a Pension Fund based in Frederiksberg, Denmark.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Frederiksberg, Denmark
- **Region:** Europe
- **Address:** 27 Dirch Passers Allé, 2nd Floor DK-2000, Frederiksberg, Denmark
- **Founded:** 1980
- **Assets under management:** DKK 46.7 Bn
- **Website:** www.ld.dk
- **LinkedIn:** https://www.linkedin.com/company/ld-fonde

## Regulatory record

- **Reports private funds:** No

## About

LD Pensions was established in 1980 by the Danish parliament. It manages two statutory funds on behalf of Danish employees: the Cost-of-Living Allowance Fund and the Holiday Allowance Fund. The firm invests across public equities, real estate, and private equity holdings. Confirmed positions include stakes in A.P. Møller - Mærsk, Carlsberg, DSV, and FLSmidth. It maintains a Danish real estate portfolio and previously held a 49 percent interest in Dades A/S, sold in 2015. Geographic exposure centers on Denmark with additional listed holdings in Europe and emerging markets. The firm employs 15 professionals at its Frederiksberg headquarters. It participates in shareholder meetings at Danish companies and maintains co-investment relationships with AkademikerPension. In 2024 it attended the A.P. Møller - Mærsk Annual General Meeting to address human rights due diligence and remuneration topics. LD Pensions operates under a statutory mandate that restricts its activities to the two named allowance funds. This structure separates it from discretionary pension managers and ties its governance directly to Danish labor-market legislation.

## Sectors

- Real Estate
- Financial Services
- Industrials

## People

- Lars Mayland Nielsen — CEO
- Kristoffer Fabricius Birch — CIO
- Morten Skov Christiansen — Chair
- Nanna Højlund — Chair

## Questions

### Who runs investment decisions at LD Pensions?

Lars Mayland Nielsen serves as CEO and Kristoffer Fabricius Birch serves as CIO. The board is chaired by Morten Skov Christiansen, with Nanna Højlund appointed chair in 2025.

### What asset classes does LD Pensions deploy into?

The firm holds Danish real estate directly, listed Danish equities, and private equity through LD Equity 1 K/S. It also manages holiday allowance receivables.

### Does LD Pensions participate in fund commitments or only direct deals?

It maintains both direct holdings and commitments to vehicles such as the Danish SDG Investment Fund. It also uses external managers for global equities and alternatives.

### How is LD Pensions related to the Danish government?

It was created by act of parliament in 1980 and continues to operate the two named allowance funds on a statutory basis.

### What is LD Pensions known posture on co-investments alongside external GPs?

It frequently co-invests with AkademikerPension on ESG and governance engagements at Danish listed companies.

### Which sectors does LD Pensions explicitly avoid?

No explicit avoidance sectors are stated in available records.

## Related profiles

- [Luzerner Pensionskasse](https://altss.com/profile/luzerner-pensionskasse)
- [Abbott Laboratories US](https://altss.com/profile/abbott-laboratories-us)

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Last updated: 2026-07-08T20:58:19.418Z

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