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APG Groep NV

Native name	Algemene Pensioen Groep NV
Industry	Investment management
Founded	March 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). In the same year, it merged with Cordares, which carried out pension administration for bpfBOUW (The Foundation for the Construction Industry Pension Fund). APG is known as the asset manager of ABP.

AlpInvest Partners was owned by APG and PGGM until it was sold to The Carlyle Group in 2011.

Overview

APG manages investments for various pension funds in the Netherlands.

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 as well as satellite sites in Beijing and Shanghai.

Notable transactions

• In 2010, APG and CPPIB each purchased a 25% shareholding in Westfield Stratford City for £871.5m each.
• In 2011, ConnectEast was acquired by Horizon Roads in 2011 with APG having a 15% shareholding
• In 2019, Capco plc sold their interest in the Earls Court Exhibition Centre to APG and Delancey for £425 million.
• In 2019, APG acquired a 41.1 per cent indirect interest in Alpha Trains and acquired an additional 20.9% interest in 2021.
• In 2019, CPPIB sold its 39% stake in European car park manager, Interparking to APG.
• In 2020, APG along with NPS and Swiss Life Asset Managers acquired 81% stake in Portugal motorway operator, Brisa.
• In 2021, APG along with The Blackstone Group acquired GCP Student Living for £969 million.

Affiliated people

• Guy Verhofstadt - Prime Minister of Belgium (1999 to 2008)
• Bart le Blanc - Chairman of the Investment Committee of the United Nations

See also

• Stichting Pensioenfonds ABP

References

1. ^ "APG looks to grow outside home turf". Reuters. 10 December 2008. Retrieved 15 July 2023.
2. ^ Denmark, Frances (11 June 2012). "Back to Basics at Dutch Pension Giant APG". Institutional Investor. Retrieved 15 July 2023.
3. ^ "ABP launches APG". www.professionalpensions.com. 3 March 2008. Retrieved 15 July 2023.
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.
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.

External links

• Official website

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