ATP hires three

The Danish fund of funds cites strong deal flow as the reason for additions to its venture, buyout and legal teams.

ATP Private Equity Partners, the Copenhagen-based fund of funds, has announced the hire of two new investment professionals, bringing the size of its investment team to 15. In addition, the group has appointed a legal counsel.
Kaspar Knudsen joins ATP from Danisco Venture, the corporate venture arm of food ingredient producer Danisco, where he worked for three years. Soeren Broendum Andersun has spent four years at pan-Nordic buyout house Procuritas Partners. Knudsen and Andersun will join ATP's due diligence team, focusing on venture capital and buyout funds, respectively.
In addition, Matthew Baker will join the firm's legal team. For the last five years, Baker has worked in the financing department at the London office of international law firm Slaughter and May.
ATP PEP is a fund of funds sponsored by the Danish Labour Market Supplementary Pension Scheme ATP and the Special Pension Savings Scheme SP. Founded in 2001, it seeks to commit an average of €500 million on a yearly basis, and currently manages more than €1.3 billion invested in more than 40 US and European private equity partnerships.
The fund normally deploys its capital through private equity funds, but occasionally also invests directly. Last week it announced the acquisition of a 12 percent stake as a co-investor in Danish rescue and safety company Falck. ATP invested alongside Nordic Capital, the Stockholm-based buyout group in whose funds ATP is a limited partner.
So far this year ATP has made €300 million of commitments spread across eight funds in the US and Europe. Its current fund, ATP PEP I, is now 74 percent invested.