GPIF has launched a joint investment program with APG

April 8, 2024

The Government Pension Investment Fund (GPIF) has launched a joint investment program with APG Asset Management (APG), on behalf of Dutch public pension fund ABP, as its majority shareholder, to invest in infrastructure in developed overseas markets.

< Comment by Masataka Miyazono, President of GPIF >
GPIF has been increasing its exposure to alternative investments (infrastructure, private equity, and real estate) in expectation of greater portfolio diversification, seeking to improve investment efficiency and further ensure the stability of pension finance.
We have recently launched a joint investment program with APG in the infrastructure sector. We are pleased to embark on a long-term partnership initiated between APG and GPIF, as representatives of public pension fund investors from respective countries. GPIF will continue to work to secure long-term investment returns for the benefit of the pension beneficiaries.

< Comment by Ronald Wuijster, CEO of APG Asset Management. >
We are delighted to partner with GPIF, as our shared commitment to long-term private investments makes this collaboration a natural fit. We believe that joining forces will help to address the growing need for coordinated actions from like-minded, long-term investors to deliver long-term value to our beneficiaries and the broader society. We look forward to collaborating with GPIF to achieve our shared goals.

< About APG >
As the largest pension provider in the Netherlands APG looks after the pensions of 4.8 million participants. APG provides executive consultancy, asset management, pension administration, pension communication and employer services. We work for pension funds and employers in the sectors of education, government, construction, cleaning, housing associations, sheltered employment organizations, medical specialists, and architects. APG manages approximately 532 billion euros (March 2023) in pension assets. With approximately 3,000 employees we work from Heerlen, Amsterdam, Brussels, New York, Hong Kong, Shanghai and Beijing.