APG (All Pension Group) () is a Dutch

pension A pension (; ) is a fund into which amounts are paid regularly during an individual's working career, and from which periodic payments are made to support the person's retirement from work. A pension may be either a " defined benefit plan", wh ...

investment company based in the

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

. 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 The Carlyle Group Inc. is an American multinational company with operations in private equity, alternative asset management and financial services. As of 2023, the company had $426 billion of assets under management. Carlyle specializes in ...

in 2011.

Overview

APG manages investments for various

pension funds A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world' ...

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 Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...

Heerlen Heerlen (; ) is a city and a Municipalities of the Netherlands, municipality in the southeast of the Netherlands. It is the third largest settlement proper in the province of Limburg (Netherlands), Limburg. Measured as municipality, it is the f ...

Brussels Brussels, officially the Brussels-Capital Region, (All text and all but one graphic show the English name as Brussels-Capital Region.) is a Communities, regions and language areas of Belgium#Regions, region of Belgium comprising #Municipalit ...

New York New York most commonly refers to: * New York (state), a state in the northeastern United States * New York City, the most populous city in the United States, located in the state of New York New York may also refer to: Places United Kingdom * ...

, and

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

as well as satellite sites in

Beijing Beijing, Chinese postal romanization, previously romanized as Peking, is the capital city of China. With more than 22 million residents, it is the world's List of national capitals by population, most populous national capital city as well as ...

and

Shanghai Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...

Notable transactions

* In 2010, APG and CPPIB each purchased a 25% shareholding in

Westfield Stratford City Westfield Stratford City is a shopping centre in Stratford, London, Stratford, East London, which opened on 13 September 2011. With a total retail floor area of , it is the largest urban shopping centre in the UK by land area and the List of ...

for £871.5m each. *In 2011,

ConnectEast ConnectEast is an Australian company responsible for the finance, design, construction and operation of the EastLink toll road in Melbourne. Previously listed in the Australian Securities Exchange (ASX) as the ConnectEast Group, it won a $2.5 ...

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 Earls Court Exhibition Centre was a major international exhibition and events venue in London, England. At its peak it is said to have generated a £2 billion turnover for the economy. It replaced exhibition and entertainment grounds, original ...

to APG and Delancey for £425 million. *In 2019, APG acquired a 41.1 per cent indirect interest in

Alpha Trains Alpha Trains is a rolling stock leasing company operating in the European Union and European Free Trade Association (EFTA) regions of mainland Europe. It was created as ''Angel Trains International'' as a spin-off from the British rolling stock ...

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 Brisa or Briza may refer to: People *Brisa Carraro, Argentine artistic gymnast * Brisa Roché, American singer-songwriter *Brisa Hennessy, Costa Rican olympic athlete Companies and brands * Brisa - Auto-estradas de Portugal S.A., a Portuguese c ...

. * In 2021, APG along with

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who h ...

acquired GCP Student Living for £969 million.

Affiliated people

Guy Verhofstadt Guy Maurice Marie Louise Verhofstadt (; ; born 11 April 1953) is a Belgian politician who served as the prime minister of Belgium from 1999 to 2008. He was a member of the European Parliament (MEP) from Belgium from 2009 until 2024. He was a me ...

Prime Minister of Belgium The prime minister of Belgium (; ; ) or the premier of Belgium is the head of the federal government of Belgium, and the most powerful person in Belgian politics. The first head of government in Belgian history was Henri van der Noot in 179 ...

(1999 to 2008) * Bart le Blanc - Chairman of the Investment Committee of the United Nations

References

External links