The exact amount of pension fund commitments are not known and are not disclosed by the database but are likely much lower. See OECD 2012e forthcoming — Largest Pension Funds 2011 Survey). In 2011 Pension Funds (notably PensionDanmark, see Box 2) directly invested USD 4 billion in offshore wind energy through a combination of balance sheet financing (USD 1.6 billion) and construction convertible/term loans (USD 2.4 billion).