13 March 2024


The appointment of Lars Krogsgaard as CIO completes IFU’s new three-member executive management group with current acting CEO Søren Peter Andreasen and new CEO Lars Bo Bertram, who joins IFU on 1 June.

Lars Krogsgaard has been hired as IFU’s new Chief Investment Officer (CIO). He will take up the position on 1 April 2024 and become member of IFU’s executive management group together with Deputy CEO Søren Peter Andreasen, who is acting CEO until Lars Bo Bertram will take up the role as IFU’s new CEO on 1 June 2024.

Lars Krogsgaard was previously IFU’s CIO for a three-year period between 2019 and 2022, where he spearheaded a significant transformation of IFU’s investment strategy and investment process, guided by an aspiration to become a best-in-class impact investor. Building on these efforts, IFU has made a series of successful high-impact investments and fully committed the Danish SDG Investment Fund, the DKK 5bn partnership with Danish private institutional investors.

The new CIO is an investment professional with an excellent track record and deep insights into private equity investment, impact investing and emerging markets.

Michael Rasmussen, Chairman of IFU’s board, is pleased to present IFU’s new CIO after an extended search.

“We are pleased that Lars Krogsgaard has agreed to return to IFU, where he has already proven his remarkable qualities as an investor. His appointment completes IFU’s new three-member executive management group, which is now very well positioned to seize the new opportunities that have opened for IFU with additional funding from the state and with investment partners in a new SDG fund II,” said Michael Rasmussen.

Last year, the Danish government announced a major plan to boost IFU, empowering the Danish development finance institution to more than double its investment activities in emerging markets and developing countries by 2030. Major focus areas of the plan include investments in climate, Africa and poor & fragile countries. IFU has also launched the fundraising for a Danish SDG Investment Fund  II.

“Lars Krogsgaard has a first-class track record as an investor and a demonstrated ability to drive innovation, inspire his colleagues, and deliver results. I am convinced that he is the right person to lead IFU’s investment teams and ensure impact and value creation at a greater scale in the coming years,” said Søren Peter Andreasen.

Lars Krogsgaard looks forward to his work as IFU’s CIO.

“I am thrilled to pick up the torch again to take part in IFU’s continuing development as a leading impact investor in emerging markets, with strong backing from IFU’s owner and stakeholders, as part of a strong management team, and together with a group of dedicated investment professionals that I highly admire.”

About Lars Krogsgaard:

  • Lars Krogsgaard holds an MBA in Finance and International Business from Stern School of Business at New York University, as well as a bachelor’s degree in economics from Copenhagen Business School.
  • Former senior partner and CIO at Procuritas Capital (1989-2011), and investor and board member.
  • Married to Noreen and lives in Charlottenlund. The couple has three grown children.