New Economy Review

Pension Funds

2 articles

Editorial illustration for How Governments and Pension Funds Structure Venture Capital: Three Models, Two Objectives
Policy & Power

How Governments and Pension Funds Structure Venture Capital: Three Models, Two Objectives

Governments and pension funds face a choice when investing in venture capital: prioritize financial returns, policy goals, or a combination. This article explores three distinct models—fund-of-funds, direct/corporate venturing, and cornerstone investor—and how each balances these objectives based on the sponsor's strategic priorities.

Arthur Sterling·October 26, 2026
A Danish pension fund's imposing building symbolically turning away a stylized SpaceX rocket, representing exclusion due to governance and valuation concerns.
Macro Trends

Danish fund excludes SpaceX: governance, valuation concerns

Weeks before its anticipated public offering, Danish pension fund AkademikerPension added Elon Musk's SpaceX to an exclusion list, citing concerns over its corporate governance and valuation.

Arthur Sterling·May 30, 2026