Sampension CIO Flags Regulatory Barrier to Venture; Julius Baer Expands Private Markets Offering

Sampension Flags Regulatory Barrier to Venture

Julius Baer Expands Private Markets Offering

Sampension CIO Henrik Olejasz Larsen used a recent podcast interview to outline the €47B Danish pension's structural constraints in venture capital, flagging Danish regulatory requirements, not investment appetite, as the primary barrier. He pointed to AI, material science, and quantum technology as areas of active interest, and disclosed that Sampension has reduced leveraged real estate exposure since 2022 in favor of unleveraged development projects and increased Danish real estate allocation.

Among other allocators, Pennsylvania SERS approved a commitment of up to $150M to TJC's Resolute Fund VII, a new private equity commitment targeting $8.5B focused on middle- and upper-middle market businesses, and also approved a $2B transition of an existing active international small-cap equity mandate to a passive Russell 3000 strategy. Elsewhere, Italy's Enpam approved €250M in additional domestic investments, with the largest slice directed to Fondo Nazionale Strategico Indiretto, a CDP-backed fund-of-funds anchoring private capital into Italian listed SMEs, plus commitments across venture capital funds and real estate; and France's FRR committed an initial €100M to a new climate transition equity index developed jointly with BNP Paribas.

On the GP fundraising side, Dimension raised $800M for its third fund to back companies applying AI to biotech, drug discovery, and other scientific research; and Golding Capital Partners held a first close of Golding Buyout VI at €283M, targeting European and North American small- and mid-cap managers focused on founder- and family-owned business transformation across B2B services, healthcare, specialty manufacturing, and vertical software.

In private markets product developments, Julius Baer outlined how its 2026–2028 strategic cycle is reshaping the business, pairing selective relationship manager recruitment with an expanded private markets offering. Separately, a recent Dakota podcast highlighted how Partners Group has scaled its royalties strategy to $2B in AUM since launching as a fifth asset class in early 2024, with the firm targeting close to $30B over the next five to ten years through an evergreen structure distributed in partnership with Lincoln Financial.