APG, NPS form partnership for international investment
South Korea’s KRW 752 trillion (US$666 billion) National Pension Service and €538 billion (US$638 billion) Dutch pension fund manager APG are joining forces to invest internationally in large-scale infrastructure and commercial real estate projects, and will share asset management expertise and resources.
“A collaboration with like-minded peers, such as NPS, ensures attractive investment returns for APG and our customers in pension funds and participants,” said Ronald Wuijster, a member of the APG board of directors and responsible for asset management, in a statement. “By cooperating, both parties gain access to new and attractive investment opportunities, investments that are more difficult to realise by APG independently and at higher costs.”
The partnership is also expected to allow NPS and APG to have greater influence and voting rights in business operations, such as on matters of sustainability, added Wuijster.
Knowledge exchange is an additio