Investments
At Holtshøjen Holding A/S, we manage the family’s wealth with a long-term perspective and a disciplined approach to risk diversification and value creation. Our investments are structured across multiple asset classes to ensure resilience, stability, and attractive risk-adjusted returns over time.
We operate as professional investors in close collaboration with experienced external partners and managers. Through a combination of listed securities, private equity, infrastructure and alternative funds, as well as direct investments in real estate, forestry, and land, we build a balanced portfolio comprising both liquid and illiquid assets.
Active ownership, thorough due diligence, and responsible investment principles are consistent elements across all our investments. We prioritize transparency, governance, and sustainability, and continuously seek opportunities where long-term value creation goes hand in hand with the family’s values.
Below are the five asset classes that together form the foundation of Holtshøjen Holding A/S’s investment strategy.
Asset Class I – Listed Securities
At Holtshøjen Holding A/S, we manage capital with a professional, structured, and risk-aware approach. Investments in listed securities are carried out in collaboration with selected, specialized external managers operating within clearly defined mandates and a stringent investment process.
The investment universe includes equities, corporate bonds, as well as government and mortgage bonds. The portfolio is built on a long-term strategic asset allocation framework, complemented by tactical adjustments based on market conditions, valuations, and risk premia.
A consistent global approach is applied to portfolio construction, with a focus on broad geographic, sector, and issuer diversification. The objective is to achieve attractive risk-adjusted returns through disciplined execution, ongoing risk management, and close monitoring of manager performance in accordance with Holtshøjen Holding A/S’s overall investment framework.
Asset Class II – Private Equity Funds
Holtshøjen Holding A/S invests in private equity funds through commitments to experienced managers with a focus on active ownership and long-term value creation
Private equity offers opportunities for operational improvements, strategic growth, and a return premium that compensates for illiquidity.
The longer time horizon aligns with our family’s investment perspective and enables structured value enhancement.
We prioritize managers with a proven track record, strong governance, and a focus on attractive co-investment opportunities.
Risk is diversified through sector and geographic selection, as well as rigorous due diligence.
Asset Class III – Infrastructure Funds and Alternative Funds
Holtshøjen Holding A/S invests in funds to gain access to specialized sourcing, structuring, and risk management.
We prioritize transparency, liquidity profile, and long-term sustainability when selecting partnerships.
Infrastructure and alternative funds complement the portfolio with stable, low-correlated income streams.
Infrastructure funds often provide contract- or regulation-based cash flows and serve as a hedge against inflation.
Alternative funds (credit and special situations, etc.) can generate absolute returns and reduce overall volatility.
Asset Class IV – Residential Rental Properties
We invest directly in residential rental properties in and around major university cities, combining internal insights with external advisors and developers to identify apartment buildings or townhouses in attractive and future-proof locations.
Active ownership, ongoing optimisation, and sustainable operations are central elements of our real estate strategy.
Direct real estate investments enable Holtshøjen Holding A/S to create active value through the operation and development of individual properties.
Asset Class V – Forestry, Land, and Direct Investments
We continuously explore opportunities for direct investments in forestry and development land as a complement to our existing portfolio. The focus is on long-term value creation and sustainable development, where these investments can contribute stable returns over time.
When it comes to development land, we have a particular interest in projects for residential rental housing in major university cities. Here, we carefully assess location, development potential, and demand to ensure that investments can support future-proof residential projects with attractive long-term returns.
The investments are selected selectively, with due respect for risk profile and time horizon, aligned with Holtshøjen Holding A/S’s long-term strategy.
Investment Ethics
At Holtshøjen Holding A/S, responsibility is a natural part of our business foundation. We aim to conduct our investments in accordance with the ethical values that shape society, and we comply with both national legislation and the international conventions to which Denmark is a signatory.
We see ESG (Environmental, Social & Governance) as more than an obligation – it is a strategic key to creating long-term value. By integrating responsibility into our investment decisions, we not only strengthen our portfolio but also contribute to more sustainable development.
As active investors, we work purposefully to select projects and partners that share our values. It is our conviction that responsible investing is the path to both stable returns and positive societal impact.
