APG, Swiss pensions team up for $1bn infra co-investing alliance
Four major Swiss pension funds - PUBLICA, City of Zurich, Kanton Aargau, and Credit Suisse - have joined APG Asset Management in a co-investment platform to access infrastructure opportunities in private markets.
The initiative launches with an initial commitment of €1 billion ($1.07 billion).
APG Asset Managment
"This platform has a truly global reach, including potential opportunities in Asia, and operates across multiple infrastructure sectors. Most importantly, it aligns perfectly with ABP's responsible investment objectives," Genio van der Schaft, COO at APG Asset Management Asia told AsianInvestor.
APG, which manages a $670 billion portfolio on behalf of Dutch public pension fund ABP, will join hands with the Swiss institutions to pursue infrastructure investments that align with their sustainability objectives while meeting financial targets.
"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,” a spokesperson for the Swiss pension funds said in a statement.
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The co-investment fund will focus on global non-listed infrastructure investments across various sectors and regions.
A significant aspect of the program involves supporting energy transition projects, aligning with ABP's responsible investment objectives.
The initiative adds to APG's existing partnerships with other major pension funds, including Japan’s Government Pension Investment Fund (GPIF), Korea’s National Pension Service (NPS), and New Zealand’s Superannuation Fund.
Through this co-investment structure, the participating pension funds seek to secure sustainable returns for their members while contributing to broader environmental and social objectives through infrastructure development.