Investments
ABP manages the bulk of its investments in-house through its captive investment unit APG Investments, a privately owned investment manager. APG operates as a subsidiary of Stichting Pensioenfonds ABP and was formerly known as ABP Investments.
In 2006, ABP and PGGM, another large Dutch pension fund, considered a spinoff of their investment management businesses. The two pension funds coordinate their activities in private equity through AlpInvest Partners, one of the largest investors globally in the private equity asset class. Recently, AlpInvest Partners was acquired by the Carlyle group.
Read more about this topic: Stichting Pensioenfonds ABP
Famous quotes containing the word investments:
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)