For example, this includes retail services such as internet, TV, and voice, to residents and businesses throughout an entire city. SiFi Networks’ open-access business model allows multiple internet service providers (ISPs) to deliver their services on SiFi’s fiber network.
To-date, SiFi Networks has been sponsored by the Smart City Infrastructure Fund, a fund managed by Whitehelm Capital, an infrastructure private equity firm, and backed by APG, as its cornerstone investor.įor SiFi Networks’ new Fiber JV, Whitehelm Capital will provide asset management services to the APG-led joint venture during the fiber roll-out period. As part of this transaction, APG is making a $500m equity commitment to the Fiber JV. We pass these benefits on to our funds and their participants, thus contributing to stable long-term returns and low costs.APG, the manager for Dutch pension fund ABP, today announced that it has agreed to increase its existing investment in SiFi Networks America Limited by acquiring a 16.7% direct equity stake in the company and establishing a joint venture ( Fiber JV) to roll-out open-access fiber-to-the-home (FTTH) networks in the United States. On top of that, our scale empowers us to negotiate attractive conditions. And they can take advantage of our access to great investors, specialist investment options, and mandates with external asset managers. Thanks to this global spread, pension funds and their participants can take advantage of extensive local investment expertise. We have a global presence, with APG offices in Amsterdam, Heerlen, Brussels, New York, and Hong Kong, as well as satellite sites in Beijing and Shanghai. Although APG is and remains an active investor, in this way we meet the wishes of smaller funds in particular to be able to implement their sustainable & responsible investment policy in a cost-effective manner. This, in turn, allows us to operate very cost-efficiently.ĪPG also currently supplies index products that emphatically match the sustainability ambitions of Dutch pension fund clients and are actively managed by us. As a result, we have the in-house expertise to be able to manage approximately 75% of our assets internally. For every possible investment category, we have a dedicated group of highly educated specialists. Our Asset Management unit is home to over 700 highly educated and highly experienced investment professionals. Being one of the world’s largest pension investors empowers us to set more requirements and, whenever necessary, get companies to comply with sustainability criteria. By managing the trusted assets in this way, and given the enormous scale of the assets we manage, we wield the kind of clout that enables us to really put sustainable investment into practice. We pursue an active investment policy for our funds. Major clout through scale and a global presence So that we can always ensure a good and affordable pension. To manage these assets as responsibly as possible, it is our ambition to achieve attractive and sustainable investment returns for our customers, in a responsible way.
At the end of May 2022, the assets we manage for our pension funds and their 4.8 million participants in total represented a value of approximately 576 billion euros. APG is one of the world’s largest pension investors.