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APG Groep NV
Native name
Algemene Pensioen Groep NV
Industry Investment management
FoundedMarch 1, 2008; 16 years ago (2008-03-01)
Headquarters
Heerlen
,
Netherlands
Key people
Annette Mosman (CEO)
AUM€517 billion (September 2023)
Owner Stichting Pensioenfonds ABP
Website apg.nl

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.

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]

Affiliated people

See also

References

  1. ^ a b "APG looks to grow outside home turf". Reuters. 10 December 2008. Retrieved 15 July 2023.
  2. ^ a b c d Denmark, Frances (11 June 2012). "Back to Basics at Dutch Pension Giant APG". Institutional Investor. Retrieved 15 July 2023.
  3. ^ a b "ABP launches APG". www.professionalpensions.com. 3 March 2008. Retrieved 15 July 2023.
  4. ^ a b c d Henderson, Julie; Kennedy, Liam (28 February 2009). "APG set to unveil its corporate strategy". IPE. Retrieved 15 July 2023.
  5. ^ Harro ten Wolde (17 April 2008). "UPDATE 1-Dutch ABP fund unit APG to merge with Cordares". Reuters.
  6. ^ a b "Carlyle expands with Dutch AlpInvest buy-out". Reuters. 26 January 2011. Retrieved 6 February 2023.
  7. ^ "About". Investor Leadership Network. Retrieved 24 February 2021.
  8. ^ "APG Said to Set Up Offices in Shanghai, Beijing China Mingtiandi". Mingtiandi. 25 November 2019. Retrieved 24 February 2021.
  9. ^ Goh, Andrew Macdonald, Brenda (7 September 2011). "Westfield mall heralds profit and social change". Reuters. Retrieved 19 February 2021.{{ cite news}}: CS1 maint: multiple names: authors list ( link)
  10. ^ EastLink’s big pension fund owners mull selldown, bankers scramble Australian Financial Review 27 November 2022
  11. ^ Kelly, Megan (18 November 2019). "Capco sells Earls Court estate for £425m". Construction News. Retrieved 19 February 2021.
  12. ^ Gray, Jack. "Dutch pension provider APG acquires further 20.9% stake in Alpha Trains". European Pensions.
  13. ^ Sanjana Shivdas (23 October 2019). "Canada Pension Plan sells 39% stake in Interparking". Reuters.
  14. ^ "Swiss Life, APG & NPS to Acquire 81% Stake in Portugal's Road Operator Brisa for USD 2.6bn; P/S 4x". Analyzemarkets.com.
  15. ^ "Parliamentarians can keep the (other) day job". POLITICO. 1 November 2016.
  16. ^ Preesman, Leen. "Dutch giant APG appoints Bart Le Blanc to supervisory board". IPE.

External links

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