The Netherlands’ largest pension fund has backed Faropoint’s latest US industrial real estate strategy.
APG Asset Management, acting on behalf of pension fund ABP, has provided the largest single commitment to Faropoint’s Value Fund IV to date.
The commitment marks the first time APG has invested with Faropoint. The exact amount was not disclosed.
As previously reported, Teacher Retirement System of Texas anchored Faropoint’s US industrial real estate strategy with a $225m (€191m) commitment.
Launched in June 2025, Fund IV, which seeks to raise $1bn, targets the acquisition and enhancement of urban last-mile logistics properties, aiming to create institutional-grade portfolios throughout the US.
To date, Fund IV has acquired or placed under contract 30 properties totalling 1.72m sqft across nine markets, representing approximately $284m in total investment value, the manager said.
Raz Rahamim, global head of capital development, said: “Over the past decade, we have worked hard to build a competitive edge in urban logistics by combining our field teams’ expertise, proprietary technology, and focus on long-term, consistent results.
“We are excited and honoured to partner with APG as we continue to remain focused on executing thoughtfully and delivering for our investors.”
Steven Hason, managing director and head of Americas real assets at APG, said: “This investment aligns with our focus on delivering long‑term value for our clients through exposure to resilient real assets. Faropoint Industrial Value Fund IV offers a compelling way to expand ABP’s private investment portfolio into the last‑mile logistics segment.
”The strategy is supported by Faropoint’s data‑driven execution and strong local sourcing capabilities. As supply chains evolve and urban distribution needs continue to grow, we see lasting relevance for this part of the market. We look forward to building our relationship with Faropoint as part of our broader logistics strategy.”
To read the latest IPE Real Assets magazine click here.
