Danish commercial pension fund PFA Pension has invested in the Dansk Vækstkapital, IPE reports. The retirement system allocated €69.7 million to the new state-backed venture capital fund.

The pension fund, which manages €31.50 billion in pension assets, is a commercial pension provider and also customer-owned. Dansk Vækstkapital was set up to offer funding for SMEs.

Click here for the story from IPE.