Japan’s Government Pension Investment Fund (GPIF) and Dutch pension investor APG have embarked on a groundbreaking joint investment venture targeting lucrative opportunities in infrastructure across developed overseas markets.
In an unprecedented move, GPIF and APG, acting on behalf of Dutch public pension fund ABP, its majority shareholder, have forged an alliance, pooling their substantial resources.
The collaboration unites two global heavyweights in pension investment, boasting a combined assets under management exceeding €2 trillion.
The strategic partnership aims to capitalize on investment prospects that harmonize with the enduring strategies of both pension funds, geared towards generating enduring value for their respective beneficiaries.
Masataka Miyazono, President of GPIF, highlighted the institution’s evolving investment outlook, emphasizing the pursuit of enhanced portfolio diversification through alternative investments, including infrastructure, private equity, and real estate.
This joint investment initiative in infrastructure marks a significant step in their collaboration, aimed at securing enduring investment returns for the betterment of pension beneficiaries.
Ronald Wuijster, CEO of APG Asset Management, expressed enthusiasm for the partnership, citing a shared commitment to long-term private investments. He emphasized the potential of the joint endeavor to deliver sustainable value to beneficiaries and society at large.
The joint initiative underscores a significant step towards leveraging collective strength to navigate evolving investment landscapes and foster sustainable growth for pension beneficiaries globally.
PEVCJournal.com