APG (pension fund)
Dutch pension investment company From Wikipedia, the free encyclopedia
APG (All Pension Group) (Dutch: Algemene Pensioen Groep) is a Dutch pension investment company based in the Netherlands. It is a direct subsidiary of Stichting Pensioenfonds ABP, the largest pension fund in the Netherlands.
| |
Native name | Algemene Pensioen Groep NV |
|---|---|
| Industry | Investment management |
| Founded | March 1, 2008 |
| Headquarters | , |
Key people | Annette Mosman (CEO) |
| AUM | €517 billion (September 2023) |
| Owner | Stichting Pensioenfonds ABP |
| Website | apg |
History
APG was established on 1 March 2008 as an independent administration organization of Stichting Pensioenfonds ABP (ABP).[1][2][3][4] In the same year, it merged with Cordares, which carried out pension administration for bpfBOUW (The Foundation for the Construction Industry Pension Fund).[2][4][5] APG is known as the asset manager of ABP.[2][3][4][6]
AlpInvest Partners was owned by APG and PGGM until it was sold to The Carlyle Group in 2011.[6]
Overview
APG manages investments for various pension funds in the Netherlands.[1][2][4]
It has three subsidiaries which are:
- APG Rechtenbeheer (management advice, pension administration and pension communication)
- APG Asset Management
- APG Diensten (in-house service provider)
APG has offices in Amsterdam, Heerlen, Brussels, New York, and Hong Kong[7] as well as satellite sites in Beijing and Shanghai.[8]
Notable transactions
- In 2010, APG and CPPIB each purchased a 25% shareholding in Westfield Stratford City for £871.5m each.[9]
- In 2011, ConnectEast was acquired by Horizon Roads in 2011 with APG having a 15% shareholding[10]
- In 2019, Capco plc sold their interest in the Earls Court Exhibition Centre to APG and Delancey for £425 million.[11]
- In 2019, APG acquired a 41.1 per cent indirect interest in Alpha Trains and acquired an additional 20.9% interest in 2021.[12]
- In 2019, CPPIB sold its 39% stake in European car park manager, Interparking to APG.[13]
- In 2020, APG along with NPS and Swiss Life Asset Managers acquired 81% stake in Portugal motorway operator, Brisa.[14]
- In 2021, APG along with The Blackstone Group acquired GCP Student Living for £969 million.[15]
Affiliated people
- Guy Verhofstadt - Prime Minister of Belgium (1999 to 2008)[16]
- Bart le Blanc - Chairman of the Investment Committee of the United Nations[17]
See also
References
External links
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