Danish family office invests in private equity manager

Today, Danish family office Lars Larsen Group announced that it is acquiring 25 percent of IIP Denmark, an independent manager of private equity investments. It will also invest a minimum of DKK 7.5 billion in IIP’s funds through to 2032. IIP Denmark was established by PKA, one of Denmark’s largest labour market pension funds, in 2012 and the pension fund will continue as the primary owner in IIP.

Lars Larsen Group is owned by the Brunsborg family, descendants of Lars Larsen, who founded JYSK in 1979. This is not its first investment into the asset management industry as the family office acquired 41 per cent of Formuepleje back in 2021. ”We are pleased to enter into this new long-term partnership with PKA and IIP. We deeply respect PKA and IIP and are certain that our shared values will provide a strong foundation for the continued development of IIP. We are impressed by what has already been accomplished and look forward to contributing to realising the potential together with