APG ( nl, Algemene Pensioen Groep) is a Dutch

pension A pension (, from Latin ''pensiō'', "payment") is a fund into which a sum of money is added during an employee's employment years and from which payments are drawn to support the person's retirement from work in the form of periodic payments ...

investment company based in the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

. It is a direct subsidiary of

Stichting Pensioenfonds ABP Stichting Pensioenfonds ABP ("National Civil Pension Fund"), frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands. For the quarter ended 31 December 2014, ABP had 2.8 million participants an ...

, the largest pension fund in the Netherlands.

History

APG was established on 1 March 2008 as an independent administration organization of

. In the same year, it merged with Cordares, which carried out pension administration for bpfBOUW (The Foundation for the Construction Industry Pension Fund).

Overview

APG manages investments for various

pension funds A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and priva ...

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 ( , , , lit. ''The Dam on the River Amstel'') is the Capital of the Netherlands, capital and Municipalities of the Netherlands, most populous city of the Netherlands, with The Hague being the seat of government. It has a population ...

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

Brussels Brussels (french: Bruxelles or ; nl, Brussel ), officially the Brussels-Capital Region (All text and all but one graphic show the English name as Brussels-Capital Region.) (french: link=no, Région de Bruxelles-Capitale; nl, link=no, Bruss ...

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

, and

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

as well as satellite sites in

Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...

and

Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flow ...

Notable transactions

* In 2010, APG and

CPPIB The Canada Pension Plan Investment Board (CPPIB; french: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (french: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 ''Can ...

each purchased a 25% shareholding in

Westfield Stratford City Westfield Stratford City is a shopping centre in 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 4th-largest shopping cen ...

for £871.5m each. *In 2011,

ConnectEast ConnectEast is an Australian limited corporation responsible for the finance, design, construction and operation of Melbourne's EastLink tollway project. Previously listed in the Australian Stock Exchange as The ConnectEast Group (stock symbol ...

was sold to Horizon Roads (a consortium of 8 investors including APG) for $2.2 billion. *In 2019, Capco plc sold their interest in

Earls Court Earl's Court is a district of Kensington in the Royal Borough of Kensington and Chelsea in West London, bordering the rail tracks of the West London line and District line that separate it from the ancient borough of Fulham to the west, the ...

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 NPS may refer to: Organizations * National Park Service, U.S. * National Pension System, India * National Pension Service, Korea * National Phobics Society, UK charity * National Piers Society, UK charity * National Poetry Slam, competition * N ...

and Swiss Life Asset Managers acquired 81% stake in Portugal motorway operator, Brisa.

Affiliated people

Guy Verhofstadt Guy Maurice Marie Louise Verhofstadt (; ; born 11 April 1953) is a Belgian politician who was the leader of the Alliance of Liberals and Democrats for Europe from 2009 to 2019, and has been a member of the European Parliament (MEP) from Belgium ...

Prime Minister of Belgium german: Premierminister von Belgien , insignia = State Coat of Arms of Belgium.svg , insigniasize = 100px , insigniacaption = Coat of arms , insigniaalt = , flag = Government ...

(1999 to 2008) *

Bart le Blanc Lambertus Johannes Carolus Maria "Bart" Le Blanc (born 4 November 1946, 's-Hertogenbosch) is a Dutch economist, with a career spanning the sectors of public finance, banking and asset management. He is one of the founding partners of Andreas Capi ...

- Chairman of the Investment Committee of the United Nations

References

External links