Philosophy
NIO targets best-in-class funds with strongly aligned teams and replicable value creation playbooks. We subscribe to long-term partnerships and our preference is to partner with managers who demonstrate resilience through their ability to perform consistently in a volatile market. Our target managers have experience across different market environments and have proved their ability to manage companies through different cycles.
Our criteria for selecting managers
Screening & sourcing
We conduct thorough market screening using our extensive network and databases. Relevant managers based on portfolio fit, market dynamics and overall quality are progressed to further due diligence.
Investment execution
We conduct thorough due diligence including track record analysis, on-site visit and reference calls and potential investments will be discussed in our professional Investment Committee. Furthermore, we conduct detailed tax and legal due diligence using external counsel, before approving the investment.
Monitoring
We continuously and meticulously monitor investments using a comprehensive risk management framework. By keeping an ongoing dialog with managers, we stay updated on portfolio developments. Finally, we distribute quarterly reports to our investors following best practice
PROCESS
Alignment
Significant GP commitment and inclusive incentive program
Investor base
High quality investor base
Cohesiveness
Cohesiveness in the investment team, clear division of roles and responsibilities and clear link between team and track
Strategy
Clear investment strategy with a replicable playbook for sourcing, managing and exiting investments
Track
Proven ability to drive value creation and historical strong performance
ESG
Manageable ESG risk and strong corporate buy-in
Legal & tax
Compliant legal and tax structure
APPROACH
Strategy
Clearly formulated, relevant and distinct strategy
ESG
Strong commitment to ESG and integration of ESG into investment processes
Track record
Consistent, tangible and comparatively strong returns
Team
Cohesive, aligned and capable team with capacity to execute on strategy
Legal & Operations
Compliant legal structure and established policies and oversight in place
Investments
Private Equity
Advent
Ara
Audax
Blackstone
Bowmark
Cinven
CVC
Genstar
Greenbriar
Kohlberg
Nordic Capital
Warburg Pincus
Real Assets
Actis
Antin
Arcus
Copenhagen Infrastructure
ECP
Goldman Sachs
I Squared Capital
NREP
Private Debt
Ares
Davidson Kempner
MGG
"Decades of data indicate that private assets have out-performed public markets and that insightful investors in private assets have been able to collect an illiquidity premium confirming there is a case for allocating resources to identify managers with the ability to generate superior returns” - Bjarne Graven Larsen, Chairman of the board
Bjarne G. Larsen
Chairman of the Board & Chairman of IC
Bjarne G. Larsen
Bjarne has broad experience from the financial sector, both as a manager and as an investor. Bjarne is the founder and CEO of Q Blue Balanced, Chairman of the board at Kirk Kapital in addition to NIO. He has served as CIO at Ontario Teachers’ Pension Plan and previously he held the same role at ATP. He has also served as Co-CEO at FIH Erhvervsbank and the CFO at Novo A/S. Bjarne has previously been a member of the Board of Directors of Topdanmark, and served as Chairman of the Investment Committee for Copenhagen Infrastructure Partners Fund II.
Teis Knuthsen
Chief Investment Officer, Financial Investments, KIRK KAPITAL A/S
Teis Knuthsen
Chief investment officer for Kirk Kapital, which manages long-term wealth for the Kirk Johansen family and associated portfolios. His focus is on asset allocation, portfolio construction, and increasingly also on ESG. Prior to joining Kirk Kapital, Teis was CIO for Saxo Bank and Nykredit Asset Management, and before moving to asset management, he worked on the sell side of financial markets as head of research and strategy for a number of banks in Denmark, Sweden and the UK. He has 30 years of experience and holds a master of science (econ.) degree from University of Copenhagen.
Henrik Lind
Founder & CEO of Lind Invest
Henrik Lind
Adm. direktør, stifter, Danske Commodities, ejer, stifter, adm. direktør, Lind Invest, ejer, stifter, Lind Capital og Lind Capital Fondsmæglerselskab
Daniel Illum Dalegaard
Managing Director
Daniel Illum Dalegaard
Daniel brings with him M&A advisory experience from SEB Corporate Finance and industrial experience from Daimler’s own retail network. Most recently Daniel has worked with investments and portfolio management at Danske Bank Wealth Management & Danica Pension’s Alternative Investments team, where he has been responsible for a portfolio of private market investments (both funds and direct investments). Daniel holds a Master in Finance and Accounting from Copenhagen Business School.
Michael Moth Greve
CEO
Michael Moth Greve
Michael brings more than 20 years of experience, including managing alternative investment strategies, to NIO. Most recently, Michael has served as Managing Director and Head of European Distribution at Affiliated Managers Group (AMG). He previously held positions as Head of Nordic at AXA Investment Managers, Product Development Specialist at Lehman Brothers Asset Management, and Client Manager at Nordea Investment Management. Michael is a CFA® charterholder, CFA Institute, and holds an M.Sc. in Finance and Accounting from Copenhagen Business School.
Ulla Agesen
Managing Director
Ulla Agesen
Ulla has 20+ years of experience from the industry, throughout her career focusing on evaluating GPs/asset managers across liquid and illiquid markets. Most recently, she was Head of Alternative Investments at Nykredit where she was responsible for building Nykredit's infrastructure FoF platform to reach EUR 1bn. Previously, she held the role as Head of Equity Research at Aon Hewitt in London and, prior to that, MD at Kirstein A/S as well as teaching assistant at Aarhus and Copenhagen Business Schools. Ulla holds a Master in Finance and Accounting from Aarhus School of Business.
Marc Dellmann
Chief Sales Officer & Head of DACH
+41 78 743 28 27
Marc Dellmann
Marc brings more than 25 years’ experience in private markets, including 10 years at UBS Asset Management, where he headed up private equity and infrastructure globally. Most recently, Marc served as Chief Sales Officer at Munich Private Equity and, prior to that, held senior leadership and investment positions at CEPRES, Allianz Risk Transfer and APAX Partners. With his investment and business development background, he has significant experience across alternative asset classes and led innovative solutions in the market such as the first Private Equity CDO. Marc holds a Master’s Degree in Business Administration from University of Zurich.