# Novo Nordisk Foundation

Novo Nordisk Foundation is an Endowment / Foundation based in Hellerup, Denmark.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Hellerup, Denmark
- **Region:** Europe
- **Address:** Tuborg Havnevej 19, 2900 Hellerup, Denmark
- **Founded:** 1924
- **Website:** novonordiskfonden.dk
- **LinkedIn:** https://www.linkedin.com/company/novo-nordisk-foundation/

## Regulatory record

- **Reports private funds:** No

## About

The Novo Nordisk Foundation is an independent Danish enterprise foundation and non-profit organization. It supports philanthropic purposes with funds from its ownership and investments in companies and other financial assets. It improves people's health and the sustainability of society and the planet through grant giving, partnerships, and long-term investments.

## Sectors

- Healthcare
- Life Sciences
- Biotechnology

## People

- Lars Rebien Sørensen — Chairman
- Kasim Kutay — CEO of Novo Holdings A/S

## Questions

### Who runs investment decisions at Novo Nordisk Foundation?

Kasim Kutay serves as CEO of Novo Holdings A/S, the dedicated investment arm. Lars Rebien Sørensen chairs the foundation board. Investment choices integrate direct ownership stakes with grant allocation.

### Does Novo Nordisk Foundation participate in fund commitments or only direct deals?

The foundation executes direct ownership in operating companies such as Catalent and Novo Nordisk A/S. It also holds minority positions through Novo Holdings A/S. Public equity filings show additional listed holdings.

### What investment stages does Novo Nordisk Foundation typically target?

Holdings span mature operating businesses and select startups. Positions include full ownership of Xellia Pharmaceuticals and early exposure via Biomason and 21st.BIO. The BioInnovation Institute supports life science company formation.

### What is Novo Nordisk Foundation's known posture on co-investments alongside external GPs?

The foundation has partnered with the Bill & Melinda Gates Foundation and Open Philanthropy on the Pandemic Antiviral Discovery initiative. It also collaborates with Wellcome Trust on climate and health projects. Co-funding occurs through named initiatives rather than standard fund vehicles.

### How is Novo Nordisk Foundation related to Novo Holdings A/S?

Novo Holdings A/S functions as the investment and ownership arm of the foundation. It holds the 28.1 percent stake in Novo Nordisk A/S and other companies. The foundation board oversees the overall mandate while Novo Holdings executes transactions.

## Related profiles

- [Oregon State Treasury](https://altss.com/profile/oregon-state-treasury)
- [Bradesco Asset Management](https://altss.com/profile/bradesco-asset-management)

---

Last updated: 2026-07-12T19:48:16.538Z

Canonical page: https://altss.com/profile/novo-nordisk-foundation

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