DENMARK - Danish pension fund ATP would like to invest in local infrastructure but a lack of ‘political focus' has led to a dearth of appropriate opportunities.
ATP currently has DKK 8.6bn ($1.6bn) or 2% of their total assets under management invested in infrastructure in countries like Australia, US, UK, and Switzerland. Many of their infrastructure investments are in public private partnerships (PPP) but the fund currently has no such investments in Danish infrastructure.
The fund's monthly newsletter discussed possible solutions to PPPs in Denmark. ATP chief of infrastructure Ulrik Dan Weuder said: "There have historically been very few PPP projects in this country."
Speaking to Global Pensions he said: "The framework conditions, volume and broad political focus have not been in place in Denmark."
Spokesman Kristjan Jørgensen said officials issued the newsletter hoping to demonstrate the fund's early interest in Danish infrastructure and that the fund are keen to invest in roads, bridges, ports, tunnels and utilities.
"If the politicians are ready and interested to make a market in this area, we will discuss that," he added.
ATP targets returns of 6% from its infrastructure projects.
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