Danica Pension, one of Denmark’s biggest pension funds, is to target Dkr 10 billion (€1.1 billion) of direct minority private equity deals over the next two years, said chief financial officer Jacob Aarup-Andersen as he gave details of the fund’s first significant buyout deal.

Danica, a wholly-owned subsidiary of Danske Bank Group, said in a statement this morning that it has bought a minority stake in logistics company Unifeeder for Dkr 400 million from buyout firm Nordic Capital, which remains a shareholder in the business.