News in short January 20 – January 24 2020

<strong>PKA commits to another microloan fund

TheDanish pension company PKA has seeded a new microloan fund from Maj Invest with an initial DKK 200 million (EUR 26.8 million) investment. The fund invests in local banks that provide loans to people in Latin America, Africa and Asia starting small businesses or farms as well as working capital to expand their businesses. PKA said it will increase its initial allocation to DKK 330 million (EUR 44.2 million) as additional investors join the fund. This is the third microloan fund from Maj Invest that PKA has in its portfolio, which together amounts to total investments of DKK 780 million