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
editAPG 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
editAPG 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
edit- 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
edit- 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
editReferences
edit- ^ 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.