Nordic financial group Storebrand Asset Management has entered into an agreement to acquire an additional 50 percent of the shares in Danish infrastructure fund manager AIP Management, to reach a direct ownership of 60 percent.
Founded by PKA and headquartered in Copenhagen, AIP specializes in energy and infrastructure investments that facilitate the energy transition in Europe and North America, with NOK 90 billion ($8.4 billion) of total commitments from investors. Storebrand acquired 10 percent of AIP in 2020 and committed capital to the AIP platform, becoming the first international partner and investor to the Danish infrastructure fund manager.
Following the transaction, AIP will continue to be led by its current partners, retaining its independence and operating under the AIP brand, as part of the Storebrand multi-boutique offering. The owners, which continues to include the Danish pension funds PKA and PenSam as well as the partners in AIP, will build upon the p
