Private Equity Professionals

PKA AIP hires new investment manager

The Danish pension fund has expanded its team to 10 people.

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PKA Alternative Investment Partners has hired Brian Schwartz as its new investment manager, according to the company’s website.

The Danish pension fund expanded its team to 10 members in Copenhagen with the new addition.

Schwartz's role will be dedicated to the private funds mandate, looking into primary funds in private equity, energy and infrastructure. He will focus on Europe (excluding the UK and Scandinavia) and northeastern United States.

Schwartz spent six years as private equity portfolio manager at PenSam, another Danish pension fund, where he co-led the asset allocation process with the chief investment officer. He also was responsible for developing and enhancing PE strategy.

Prior to PenSam, Schwartz was risk manager at Dong Energy and associate at North Sea Capital.

Last month, PKA AIP closed one of its largest fund commitments in its history: a $125 million commitment to Audax Private Equity Fund V.

PKA AIP was established by PKA in April 2012 as a separate investment unit for alternatives and allocates 89 percent to PE and 11 percent to infrastructure. It has DKr 31.50 billion (€4.22 billion; $4.69 billion) under management.