Bruun & Hjejle assists PensionDanmark, Denmark’s largest labor market pension fund, in the investment in Angel Trains, one of Britain's leading train leasing companies. The transaction marks the entry by PensionDanmark into a new infrastructure asset class as part of PensionDanmark’s direct infrastructure investment programme.

Angel Trains is one of Britain's leading train leasing companies and has been an owner and lessor of rolling stock since 1994. It owns approximately 4,500 passenger train vehicles and freight locomotives, and is unique in leasing to all 19 franchised operators and open access operators in the UK. Vehicles are leased on long-term contracts and the company operates in a highly regulated sector, thereby affording the business a high level of security.

PensionDenmark invests in a consortium with the Dhabi Investment Authority, Swiss Life Asset Managers and a large Asian institutional investor. The consortium has acquired shares in Angel Trains through the infrastructure manager AMP Capital, which by the investments has obtained a majority share of Angel Trains.

The investment in Angel Trains is part of PensionDanmark’s direct infrastructure investment programme and is a supplement to the investments made in wind farms, transmission assets and biomass plants. The rationale behind the investment is to gain access to long-term stable investment returns.

Bruun & Hjejle acted as legal advisor to PensionDanmark and the transaction underlines Bruun & Hjejle’s commitment to alternative investments.