APG (All Pension Group) 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 has offices in Amsterdam, Heerlen, Brussels, New York, Hong Kong and Singapore.
- APG Pensioendienstverlening (pension administration)
- APG Asset Management
Notable transactions
- In 2010, APG and CPPIB each purchased a 25% shareholding in Westfield Stratford City for £871.5m each.[7]
- In 2011, ConnectEast was acquired by Horizon Roads in 2011 with APG having a 15% shareholding[8]
- In 2019, Capco plc sold their interest in the Earls Court Exhibition Centre to APG and Delancey for £425 million.[9]
- In 2019, APG acquired a 41.1 per cent indirect interest in Alpha Trains and acquired an additional 20.9% interest in 2021.[10]
- In 2019, CPPIB sold its 39% stake in European car park manager, Interparking to APG.[11]
- In 2020, APG along with NPS and Swiss Life Asset Managers acquired 81% stake in Portugal motorway operator, Brisa.[12]
- In 2021, APG along with The Blackstone Group acquired GCP Student Living for £969 million.[13]
- In 2025, APG along with Orange Polska acquired fibre-optic wholesaler Nexera for approximately €350 million.[14]
- In 2025, APG (representing ABP), in a consortium with GIC and Norges Bank Investment Management, reached an agreement to invest €9.5 billion for a 46% stake in TenneT Germany, with APG committing €2.5 billion to support the expansion of the high-voltage electricity grid.
Affiliated people
See also
- Stichting Pensioenfonds ABP
External links
References
- APG looks to grow outside home turf Reuters, 10 December 2008, retrieved 15 July 2023^
- Frances Denmark. Back to Basics at Dutch Pension Giant APG Institutional Investor, 11 June 2012, retrieved 15 July 2023^
- ABP launches APG www.professionalpensions.com, 3 March 2008, retrieved 15 July 2023^
- Julie Henderson, Liam Kennedy. APG set to unveil its corporate strategy IPE, 28 February 2009, retrieved 15 July 2023^
- Harro ten Wolde. UPDATE 1-Dutch ABP fund unit APG to merge with Cordares Reuters, 17 April 2008^
- Carlyle expands with Dutch AlpInvest buy-out Reuters, 26 January 2011, retrieved 6 February 2023^
- Andrew Macdonald, Brenda Goh. Westfield mall heralds profit and social change Reuters, 7 September 2011, retrieved 19 February 2021^
- EastLink’s big pension fund owners mull selldown, bankers scramble Australian Financial Review 27 November 2022^
- Megan Kelly. Capco sells Earls Court estate for £425m Construction News, 18 November 2019, retrieved 19 February 2021^
- Jack Gray. Dutch pension provider APG acquires further 20.9% stake in Alpha Trains European Pensions, 14 January 2021^
- Sanjana Shivdas. Canada Pension Plan sells 39% stake in Interparking Reuters, 23 October 2019^
- 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^
- Orange Polska and APG to acquire fibre-optic wholesaler Nexera Telecoms, retrieved 2025-12-22^
- Parliamentarians can keep the (other) day job POLITICO, 1 November 2016^
- Leen Preesman. Dutch giant APG appoints Bart Le Blanc to supervisory board IPE^