OLRIKINVESTMENT
+45 30 58 81 53
Pension fund portfolio
Jens Mølhøj Olrik – Olrik Investment
Olrik Investment ApS · Vallensbæk · Off-market advisory

For pension funds – diversified real estate exposure outside public tenders

We source off-market real estate, BESS projects and long-term infrastructure assets for Danish pension funds. Stable cash flows, long WAULT and diversification across asset classes – aligned with institutional allocation frameworks.

Institutional capital WAULT 10-25 years IRR 4.5 – 10 %
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Asset classes that match pension fund mandates

We focus on asset classes that match pension funds' requirements for stable returns, low volatility and long-term cash flow. This includes senior housing and private nursing homes(demographic-driven, 15-25 year WAULT), grocery real estate(recession-resilient, 7-15 year WAULT), stabilised logistics (+10,000 sqm) and BESS and energy infrastructure (sustainable allocation). We also work with residential portfolios via forward funding.

Institutional capital allocation

Pension fund IRR

Where do pension funds typically source 5-7% IRR?

Pension funds have low volatility tolerance and 15-25 year holds. Returns come primarily from stable cashflows + indexation.

Total IRR (15-25 years)6,5%
Net initial yield4,5%
Residential 4.25-5% · logistics 5.25-5.75%
Indexation uplift1,2%
CPI pass-through on rent
Capital appreciation0,8%
Yield compression over 15+ years

Indicative for blended pension fund portfolio 2026 — varies by mandate mix.

BESS for institutional investors

Off-market access – mandates outside competitive tenders

A significant share of our cases are off-market – never reaching the public market. This reduces competition and allows thorough due diligence. We tailor structure, fees and process to institutional requirements, including ESG documentation, SFDR classification and fiduciary reporting where relevant. We also work with sale & leaseback transactions.

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SFDR alignment

We design mandates that meet SFDR Article 8 or 9 from day one — not as retrofit.

PAI indicators, EU taxonomy alignment and fiduciary reporting are built into investor memorandum and acquisition structures. Means simpler compliance and faster committee approval for Danish pension funds.
Read the SFDR guide →

Build your portfolio

Pension fund portfolio builder

Drag the sliders to allocate between asset classes. We show blended IRR, risk score and expected 10-year value live. Use it as a starting point for your own mandate discussion.

Your portfolio
Residential (forward funding)30 %
8.5 % IRR·Risk 45/100·Indexed cashflow
Logistics (prime)20 %
6.5 % IRR·Risk 30/100·WAULT 10-15y
Senior & care homes20 %
5.5 % IRR·Risk 18/100·Demographic tailwind
Hotel (operator lease)10 %
7.0 % IRR·Risk 38/100·25y operator covenant
BESS10 %
13.0 % IRR·Risk 70/100·Market exposed · tax-free
Wind/solar (PPA)10 %
8.0 % IRR·Risk 28/100·Article 9 SFDR
Total: 100 %
Blended IRR7.75 %
Weighted risk score37/100
Capital allocated500 mio.of 500 mio. kr.
Expected 10-year value1.055 mio.2.1× på 10 år

Indicative IRR/risk levels 2026. Actual allocation depends on your mandate, regulation and liquidity profile.

Ticket and returns

Discretion, experience and trusted relationships

Typical tickets DKK 75m to 2bn. IRR requirements 4.5–10% depending on asset class and risk. Portfolio transactions and platform arrangements tailored on request.

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Frequently asked questions about real estate investment for pension funds

Related areas

Family officesMulti-generational wealth and alternatives.Private equityValue-add and opportunistic mandates.Senior housing & careDemographic-driven asset class.Green energyBESS, solar and wind for institutions.

Start a confidential conversation

Call us directly – or send a short enquiry. All dialogues are non-binding and confidential.

+45 30 58 81 53 jens.olrik@gmail.com
Nordmarksvænge 80, 2625 Vallensbæk, Denmark
Coverage: Denmark, Nordics and Europe
All enquiries are handled in confidence

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