Nordea hires new partner

The private equity division of Nordea Investment Management has appointed Kim Pedersen as a partner at the firm’s fund of funds business.

Nordea Private Equity, the private equity firm which in June closed a E208m fund of funds, has named former Washington State Investment Board (WSIB) investment officer Kim Pedersen as a new partner.

Whilst at WSIB, the $53bn public pension fund with total investments and commitments to private equity of $13bn, Pedersen was responsible for managing in excess of $1.3bn of existing partnership investments. Previously, he worked with seed and early-stage technology venture funds at various American private equity advisors.

Nordea’s current fund, the Nordea Thematic Fund of Funds I, is investing both in European and US buyout and venture capital funds. Pedersen will focus on sourcing direct and co-investment opportunities across both of the fund’s target regions and sectors.

Prior to his arrival at the firm’s Copenhagen offices, Pedersen has spent time with Hamilton Lane, Nordea’s private equity advisor in the US.

At the fund’s final closing in June, Nordea Thematic I had made commitments to twelve funds, eight of which are US-based with the remainder being European. Nordea spokesman Bjarne Christiansen said the fund has made no further commitments since then, but that further commitments were in the pipeline.