# Pensionskassen for Jordbrugsakademikere og Dyrlaeger (PJD)

Pensionskassen for Jordbrugsakademikere og Dyrlaeger (PJD) is a Pension Fund based in Hellerup, Denmark.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Hellerup, Denmark
- **Region:** Europe
- **Address:** Hellerup, Denmark
- **Founded:** 1983
- **Assets under management:** Undisclosed
- **Website:** pjd.dk

## Regulatory record

- **Reports private funds:** No

## About

Pensionskassen for Jordbrugsakademikere og Dyrlaeger (PJD) serves a narrow, highly educated Danish constituency — graduates in agricultural science, veterinary medicine, and related disciplines. The fund operates as a multi-employer defined-contribution scheme, pooling contributions from members employed across Denmark's farming, food-processing, and animal-health sectors. Its governance rests with a board chaired by Johannes Elbæk, with vice chairman Kasper Klintø and board member Søren Kaare-Andersen providing oversight. PJD's investment strategy tilts meaningfully toward tangible assets. The fund holds direct Danish real estate, including residential property in Holbæk, the Danas Have nursing home in Slagelse, and an office asset in Aalborg. It also owns a forestry portfolio, a rare direct natural-capital exposure for a Danish labor-market pension fund. Private equity commitments route through buyout strategies, executed with co-investors within the Sampension ecosystem, including Sampension Global Real Estate K/S and US-focused real estate limited partnerships. Administratively, PJD is part of the Sampension community, sharing an administrative platform with co-owners Pensionskassen Arkitekter & Designere (PAD) and ISP Pension. This structure allows the three small specialized funds to achieve operational scale while preserving separate governance and investment-committee autonomy. PJD also maintains a philanthropic arm, the PJD Understøttelsesfond, which provides member support separate from the pension balance sheet. The fund participates in the industry association Forsikring & Pension. PJD's differentiator lies in its membership concentration: a fund whose contributors understand land, biology, and physical production systems naturally expresses its investment conviction through direct real-asset ownership. It does not merely allocate to real estate — it owns Danish nursing homes, commercial offices, and forest tracts outright, a portfolio behavior that mirrors its members' professional understanding of illiquid, productive land.

## Sectors

- Real Estate
- Private Equity
- Forestry

## People

- Johannes Elbæk — Chairman of the Board
- Kasper Klintø — Vice Chairman of the Board
- Søren Kaare-Andersen — Board Member

## Questions

### Who governs PJD and how are investment decisions made?

A board chaired by Johannes Elbæk, with vice chairman Kasper Klintø and member Søren Kaare-Andersen, oversees the fund. The board sets investment policy and monitors execution, which is administered within the Sampension community. Day-to-day asset management and administrative functions are handled via Sampension Administrationsselskab A/S, co-owned by PJD, Pensionskassen Arkitekter & Designere, and ISP Pension.

### Which asset classes does PJD invest in directly versus through funds?

PJD holds directly owned Danish real estate — a nursing home in Slagelse, residential property in Holbæk, and an office in Aalborg — plus a forestry portfolio. For scaled exposure, it uses pooled vehicles such as Sampension Global Real Estate K/S and Sampension US Real Estate limited partnerships. Private equity allocation is executed through buyout strategies.

### What is PJD's relationship with Sampension?

PJD is an independent pension fund within the Sampension administrative community. It co-owns Sampension Administrationsselskab A/S alongside two other specialized funds, Pensionskassen Arkitekter & Designere and ISP Pension. This gives PJD access to centralized administration, investment operations, and manager selection while retaining its own board, membership, and asset-allocation authority.

### Which sectors does PJD explicitly avoid?

Public disclosures on exclusion policies are not detailed in available records. As a Danish labor-market pension fund operating under Forsikring & Pension's industry framework, PJD is subject to Denmark's ESG and responsible-investment norms, but a specific exclusion list is not publicly documented.

## Related profiles

- [Pensionskasse ZAF](https://altss.com/profile/pensionskasse-zaf)
- [Pensionskassen for Sundhedsfaglige](https://altss.com/profile/pensionskassen-for-sundhedsfaglige)

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

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