Dutch pensions asset manager APG has teamed up with Swiss pension funds Publica, City of Zurich, Kanton Aargau and Credit Suisse to jointly invest €1bn initially in infrastructure assets.
APG, the asset management arm of Dutch civil service scheme ABP, and the Swiss pension funds have formed the infrastructure equity co-investment venture which aims to identify and pursue investment opportunities that are aligned with “their collective commitment to sustainability and long-term value creation”.
The specific contributions of each investor and the geographic focus of the co-investment platform were not publicly disclosed.
Ronald Wuijster, CEO of APG Asset Management, said: “Through this partnership, the pension funds reaffirm their dedication to securing long-term, sustainable returns for their pension fund members. Collaboration with the Swiss pension funds is a natural fit due to our shared dedication to long-term private investments and active ownership.
“By uniting our efforts, we can better address the growing demand for coordinated initiatives among like-minded, long-term investors. This partnership aims to deliver sustained value to ABP by advancing its responsible investing ambitions, driving impactful investments that generate financial returns while contributing to societal and environmental objectives through long-term infrastructure projects.”
A spokesperson for the Swiss pension funds said: “This collaboration sets a benchmark for cross-border pension fund partnerships, emphasising stability, transparency, and a long-term vision in managing and growing our members’ assets.”
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