PensionDanmark invests directly in alternative assets like infrastructure and real estate instead of through funds for better control over returns, time horizons, and exits. Direct investing requires significant internal expertise to properly assess risks and not invest in things not understood. PensionDanmark will invest 10% of its assets in energy infrastructure assets and now owns 2000MW of green power capacity. Examples of direct infrastructure investments include onshore wind farms in the US and Texas, an offshore wind farm in Denmark, a gas transmission network in the Netherlands, and biomass power plants in the UK through an 85/15 joint venture with Burmeister & Wain Scandinavian Contractor.