Private Equity

We are one of the world’s largest private equity investors with a highly experienced in-house team, established track record, and reputation as an industry leader.

A strong fund investments portfolio with market-leading managers provides the team with a competitive edge in executing co-investments and secondary transactions, which generate compelling returns with an attractive cost profile.

APG is an active private equity investor and we hold our partner private equity firms accountable not only for generating strong returns but, equally, for driving positive ESG outcomes.

APG PE diligences ESG rigorously and engages managers on improvements. We send out an annual letter with RI priorities to GP CEOs and issue playbooks with recommendations to GPs we invest in. As a result, we see GPs making meaningful fund over fund progress.

APG is engaged with its portfolio on net zero alignment. It co-hosts decarbonization workshops for GPs with peer LPs and has promoted increased data transparency as a founding partner of the ESG Data Convergence Initiative.

APG PE sources and invests in impact funds and co-investments and seeks to grow the European venture market through its investments. For impact, we target climate and biodiversity funds but also opportunistically seek out other themes.  We have deployed more than 2bn in impact capital since 2023.