APG (pension fund)

APG Groep NV
Native name	Algemene Pensioen Groep NV
Industry	Investment management
Founded	March 1, 2008; 16 years ago
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]
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]

References

^ ^a ^b "APG looks to grow outside home turf". Reuters. 10 December 2008. Retrieved 15 July 2023.
^ ^a ^b ^c ^d Denmark, Frances (11 June 2012). "Back to Basics at Dutch Pension Giant APG". Institutional Investor. Retrieved 15 July 2023.
^ ^a ^b "ABP launches APG". www.professionalpensions.com. 3 March 2008. Retrieved 15 July 2023.
^ ^a ^b ^c ^d Henderson, Julie; Kennedy, Liam (28 February 2009). "APG set to unveil its corporate strategy". IPE. Retrieved 15 July 2023.
^ Harro ten Wolde (17 April 2008). "UPDATE 1-Dutch ABP fund unit APG to merge with Cordares". Reuters.
^ ^a ^b "Carlyle expands with Dutch AlpInvest buy-out". Reuters. 26 January 2011. Retrieved 6 February 2023.
^ "About". Investor Leadership Network. Retrieved 24 February 2021.
^ "APG Said to Set Up Offices in Shanghai, Beijing China Mingtiandi". Mingtiandi. 25 November 2019. Retrieved 24 February 2021.
^ 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)
^ EastLink’s big pension fund owners mull selldown, bankers scramble Australian Financial Review 27 November 2022
^ Kelly, Megan (18 November 2019). "Capco sells Earls Court estate for £425m". Construction News. Retrieved 19 February 2021.
^ Gray, Jack. "Dutch pension provider APG acquires further 20.9% stake in Alpha Trains". European Pensions.
^ Sanjana Shivdas (23 October 2019). "Canada Pension Plan sells 39% stake in Interparking". Reuters.
^ "Swiss Life, APG & NPS to Acquire 81% Stake in Portugal's Road Operator Brisa for USD 2.6bn; P/S 4x". Analyzemarkets.com.
^ "GCP Student Living surges as it agrees £969m takeover". Share Cast. 16 July 2021. Retrieved 13 December 2021.
^ "Parliamentarians can keep the (other) day job". POLITICO. 1 November 2016.
^ Preesman, Leen. "Dutch giant APG appoints Bart Le Blanc to supervisory board". IPE.

External links

Official website

[:1-1] "APG looks to grow outside home turf". Reuters. 10 December 2008. Retrieved 15 July 2023.

[:2-2] Denmark, Frances (11 June 2012). "Back to Basics at Dutch Pension Giant APG". Institutional Investor. Retrieved 15 July 2023.

[:3-3] "ABP launches APG". www.professionalpensions.com. 3 March 2008. Retrieved 15 July 2023.

[:4-4] 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.

[:0-6] "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] "GCP Student Living surges as it agrees £969m takeover". Share Cast. 16 July 2021. Retrieved 13 December 2021.

[16] "Parliamentarians can keep the (other) day job". POLITICO. 1 November 2016.

[17] Preesman, Leen. "Dutch giant APG appoints Bart Le Blanc to supervisory board". IPE.

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