ATP Private Equity Partners, the private equity investment adviser to the €47bn ($61bn) Danish Labour Market Supplementary Pension Fund, has held a €1bn first close on its second fund of funds.

The new fund will pursue the same investment strategy as its €1.25bn predecessor fund, which was raised in 2003 and is now 85% invested through commitments to 23 buy-out and venture funds across Europe and North America.