Novo Holdings A/S

Novo Holdings A/S
Company typePrivate limited company
IndustryLife Sciences
Asset management
Founded1999
Headquarters
Hellerup
,
Denmark
Key people
Kasim Kutay(CEO)
Lars Rebien Sørensen(Chairman)
ServicesInvestments in Life Science
Total assetsDKK 1,114 billion (2023)
Approx. $163 billion (2023)
SubsidiariesNovo Nordisk A/S
Novozymes A/S
Websitewww.novoholdings.dk

Novo Holdings A/S (formerly Novo A/S)[1] is the Novo Nordisk Foundation's wholly owned holding company for Novo Nordisk A/S and Novozymes A/S. Novo Holdings A/S was established in 1999 and manages the Novo Nordisk Foundation's assets, which in 2023 was worth almost DKK 1,114 billion[2][3][4] Danish Kroner (approximately US$163 billion). The company generated a total income and investment return of DKK 31 billion in 2023.[5]

It is the largest charitable foundation in the world making Novo Holdings A/S a world-leading life sciences investor.[6] Novo Holdings A/S is headquartered in Copenhagen, Denmark, with offices in San Francisco, Boston and Singapore.

Eivind Kolding succeeded Henrik Gürtler as CEO on 1 May 2014.[7] Eivind Kolding left Novo Holdings A/S in March 2016 and Kasim Kutay took over as CEO for the organisation.[8]

  1. ^ "Novo A/S renamed Novo Holdings A/S". Archived from the original on 2017-10-18. Retrieved 2017-06-23.
  2. ^ Holdings, Novo. "Novo Holdings reports Total Income and Investment Returns of DKK 31 billion (€4.2 billion) for 2023. Total Assets grow by 38% to DKK 1,114 billion (€149 billion)". www.prnewswire.com. Retrieved 2024-03-12.
  3. ^ "Novo Holdings reports Total Income and Investment Returns of DKK 31 billion (€4.2 billion) for 2023. Total Assets grow by 38% to DKK 1,114 billion (€149 billion)". Novo Holdings. Retrieved 2024-03-12.
  4. ^ Novo Holdings 2023 Performance Report: https://assets.novoholdings.dk/f/228216/x/d054b2acb5/novo-holdings-performance-report-2023.pdf
  5. ^ Novo Holdings annual report 2023: https://assets.novoholdings.dk/novo-holdings-2023-performance-report.pdf
  6. ^ "Mads Krogsgaard Thomsen & Kasim Kutay". The OECD Forum Network. Retrieved 2022-10-27.
  7. ^ "Eivind Kolding bliver direktør for Novo A/S". Berlingske.dk (in Danish). 23 January 2014. Retrieved 2014-07-17.
  8. ^ "Novos pengetank får ny topchef". 21 June 2016. Archived from the original on 7 November 2016. Retrieved 6 November 2016.