Japan’s 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.
“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,” said Masataka Miyazono, president of GPIF.
Ronald Wuijster, CEO of APG Asset Management, added, “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