APG and NPS are joining forces in asset management

APG and NPS are joining forces in asset management

October 20, 2020

Pensionfunds
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Dutch pension investor APG and National Pension Service of South Korea (NPS) today announced a partnership in the field of asset management. The goal of the partnership is to gain access to attractive investments worldwide, at better conditions and with more influence and governance rights. The focus will be on investing in large infrastructure and private real estate projects. 

The joint investment in leading toll road operator Brisa, announced in late April and the recent investment in Scape Australia, the market leader in student accommodation in Australia, are the first two examples of this partnership.

Ronald Wuijster, member of APG Group's Executive Board, responsible for asset management said: “As a global pension investor, we believe that partnering with institutional, liked minded-investors, can deliver attractive long-term responsible investment returns to our pension fund clients and their beneficiaries. With this partnership, clients of both APG and NPS gain access to attractive investment opportunities which would be difficult and more expensive to realize if acting alone. At the same time, we see benefits in exchanging knowledge in this partnership on real assets investment. On both themes, APG is a globally recognized leader, and we believe that sharing our knowledge is beneficial for this partnership and society as a whole. Within a relatively short time, we have been able to establish a genuine, long term and mutually beneficial partnership with NPS. We look forward to realizing more successful investment projects with NPS as well as with other like-minded investors in the years to come.”

Joon Ahn, Chief Investment Officer at NPS Investment Management comments: “To effectively respond to the fast-paced global investment environment, NPS has looked for ways to diversify its deal sourcing channel and reinforce competitiveness in securing investment opportunities in quality real assets. As a part of these efforts, NPS wants to cooperate with like-minded long-term institutional partners at a global level. The partnership with APG is a next step to realize this vision, not to mention being an exciting opportunity for both of NPS and APG to expand the scale of global investments. NPS has always been eager to improve the long-term return on investment for our pension participants. We believe that partnering with leading global institutional investors will widen our access to more attractive assets in the market and help generate better returns. We look forward to further expanding the partnership with APG. In parallel, NPS will continue to look for partnerships with other large pension funds and SWFs going forward.”

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