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Year Founded: 2008

AUM: €627B | Dry Powder: N/A

Basisweg 10, 1043 AP Amsterdam, Netherlands
APG Asset Management is a money management firm based in Heerlen, Netherlands. It offers asset-liability management, strategic investment advice, risk management, portfolio construction and accountability, and reporting. It carries out executive consultancy services, asset management and pension administration globally

Key Contacts

  • Annette Mosman
    CEO & Chairman, Executive Board
  • Marcel Prins
    Chief Operating Officer & Board Member
  • Peter Branner
    Chief Investment Officer

Investment Preferences

  • Preferred Industries
  • Geographical Preference
    Asia, Canada, Europe, North America, US
  • Preferred Deal Types
  • Other Investment Preferences

Investments By Year

Source: Pitchbook

Funds Closed

Stichting Pensioenfonds ABP
Vintage: N/A

Size: N/A

Dry Powder: N/A

Details: ABP is a pension fund for employees who work in the government and education sectors

Vintage: N/A

Size: N/A

Dry Powder: N/A

Details: The fund provides pension benefits to self-employed people in the construction industry and their families.

Vintage: N/A

Size: N/A

Dry Powder: N/A

Details: The pension fund for the Dutch housing associations

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In October 2022, APG Group acquired a 49% equity stake in Quinbrook Infrastructure Partners’ $1.2 billion Gemini solar plus storage project in Nevada, US for an undisclosed amount. The portfolio consists of 690MWac solar assets, plus 1.4GWh battery energy storage facility

In May 2022, APG and OMERS Infrastructure signed an agreement to jointly acquire Groendus from NPM Capital for an undisclosed sum. Groendus develops, builds and operates energy assets as well as provides a wide portfolio of ancillary services for its customers. It has installed over 170MWp of solar capacity to date

In December 2021, APG on behalf of its pension fund clients ABP and PPF acquired a 16.8% interest in Ausgrid for $1.6 billion. Ausgrid operates the largest electricity grid on Australia’s east coast, supplying over 4 million Australians with electricity

In October 2021, APG and PGGM, the Netherlands’ largest two pension investors, invested €195m and €52m, respectively, in the first ever European green bond. The €12bn European green bond has attracted much interest from various European pension investors, as the issuance, which is part of the NextGenerationEU (NGEU) fund, was more than 11 times oversubscribed with demand of over €135bn

In September 2021, APG acquired 100% of Vasa Vind from funds managed by Asper Investment Management Ltd. Vasa Vind has developed 337MW of large-scale onshore wind projects, and currently has 60MW under construction. It is further developing a pipeline of c.1GW of greenfield projects. Vasa Vind also carries out a full-suite of operational, technical and commercial management of five operational windfarms for a total of 525MW

In August 2021 APG asset Management along with California State Teachers’ Retirement System and a wholly owned subsidiary of the Abu Dhabi Investment Authority launched Arevon Energy inc. Arevon would support a standalone clean energy platform of 4.5GW of operating, under construction, and late-stage development solar and battery storage projects, as well as a 3GW pipeline

In July 2021, a consortium led by APG acquired 50% stake in Stockholm Exergi Holding AB from the Finnish energy group Fortum. Stockholm Exergi is Sweden’s largest district heating supplier with an annual turnover of almost €700 million. APG has acquired the 20% stake on behalf of pension fund client ABP

In September 2020, APG asset Management on behalf of its client ABP invested in the €1.4 billion financing package for Swedish lithium-ion battery maker Northvolt as part of a consortium of global investors including banks and public financial institutions

In May 2020, APG Asset Management NV and investment company The Renewables Infrastructure Group Ltd. acquired the 396MW Merkur offshore wind project in Germany

Other Details

APG manages a total capital of over €627 billion in pension funds for its clients. It works for over 21,000 employers with over 4.8 million participants. APG manages over 75% of its investment portfolio in-house. APG employs 700 professionals who are operating from the Netherlands, the US and the Asia. It has a global presence, with offices in Amsterdam, Heerlen, Brussels, New York, and Hong Kong, as well as satellite sites in Beijing and Shanghai

In January 2023 APG and SSE Renewables and APG formed a consortium (50/50 JV) for participation in the upcoming 4GW IJmuiden Ver offshore wind farm zone tenders. APG, acting on behalf of Dutch pension fund ABP, and SSE Renewables aim for development of a large-scale offshore wind energy project in the Dutch North Sea

African Development Bank Group, BNP Paribas, Danica Pension, Danske Bank, ING Group, International Finance Corporation, Intesa Sanpaolo are some of the co-lenders in APG’s funds

Source: IPE Real Assets, Economic Times,