Asset management

PGGM is the cooperative pension investor in the Netherlands. We support pension funds through two complementary services: fiduciary management and asset management.

3D investing
As a major global investor, we have the capital and network to influence the companies we invest in. We do this with a focus on returns, risk, and sustainability, which we call: 3D investing.

Asset Management
In our Asset Management division, over 400 experienced and passionate investors work with expertise across all possible investment categories such as stocks, credit, private equity, real estate, and infrastructure. We invest partly through index portfolios and partly actively, for example, in real estate and infrastructure, and impact stocks.

From exclusion to inclusion
With our roots in the healthcare sector, responsible investing has been a given for us for decades. It is our belief that sustainability and returns can go hand in hand. Therefore, we evaluate all our investments based on the aspects of returns, risk, and sustainability.

Investments that do not meet our sustainable standards are either divested or we engage with management for improvement. We actively exercise our rights as shareholders by voting in shareholder meetings and supporting or submitting resolutions. All of this is done with the awareness that as long-term investors, we want to create value both financially and socially.

Annual reporting on top 5 execution venues for financial instruments and analysis of execution results achieved
The Markets in Financial Instruments Directive 2014 (Directive 2014/65/EU, "MiFID II") requires investment firms that execute client orders to annually compile an overview of the top five execution venues in terms of trading volumes for each category of financial instruments.

Additionally, MiFID II mandates the provision of annual information on the achieved execution quality at the execution venues where the investment firm has executed all client orders in the previous year. The mandatory reports are prepared for both PGGM Asset Management BV and PGGM Treasury BV, and are in accordance with the technical standards as described in Delegated Regulation (EU) 2017/576 (RTS 28).

Reports

As a pension investor, we aim to achieve an optimal return for our clients while maintaining a responsible risk profile.

Responsible investment

Since 2006 PGGM has been investing in balance sheet synthetic securitisations on behalf of PFZW, the Dutch pension fund for the care and healthcare sector. We call these ‘Credit Risk Sharing’ (“CRS”) transactions as this name better reflects their nature and purpose in our portfolio.

Credit Risk Sharing

PGGM has been investing in Insurance Linked Investments ("ILI") since 2006 on behalf of PFZW, the Dutch pension fund for the care and healthcare sector.

Insurance Linked Investments

PGGM Infrastructure manages the PGGM Infrastructure Fund, an open-ended core infrastructure fund with investments in OECD countries.

Infrastructure

PGGM is a major global private equity investor with a long and established track record. Together with top-tier private equity fund managers we invest globally in a large variety of private companies.

Private Equity

The PGGM Private Real Estate team manages the PGGM Private Real Estate Fund (PPREF) and invests in non-listed real estate vehicles across the globe.

Private Real Estate

As a pension investor, we aim to achieve an optimal return for our clients while maintaining a responsible risk profile.

Responsible investment
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As an asset manager for pension funds, we support our clients in the performance of their primary mandate: to provide for good and robust pensions for their participants.

Within this core task, we devote special attention to responsible investment, based on the conviction that this contributes to better risk management.

Responsible investment

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