Jens Bisgaard-Frantzen has resigned as managing partner of ATP Private Equity Partners, one of Europe’s largest investors in private equity funds with more than Euro 3 billion in capital under management. A formal statement is expected later this morning.
Bisgaard-Frantzen describes the split as amicable, and says that the primary issue was a disagreement over whether or not the firm should raise capital from limited partners other than Danish pension fund ATP. He adds that he plans to form his own fund-of-funds in the near future, with details forthcoming in a few months.
ATP will not replace Bisgaard-Frantzen with a single individual, but rather with a trio of current partners: Torben Vangstrup, Susanne Forsingdal and Klaus Ruhne.