PI
PGGM Investments
Pension fund · Founded 2007 · Zeist, Netherlands
Who PGGM Investments is.
- Historical Background
- PGGM is a Dutch cooperative pension fund service provider that operates on a not-for-profit basis. The firm began investing in private equity in 1983. From 2000 to 2011, it outsourced these investments to AlpInvest, a joint venture with APG. In 2009, PGGM started rebuilding its internal private equity team, launching its first in-house fund in 2010.
- Source of Capital
- The firm's capital is sourced from the pension assets of its clients. PGGM's primary client is PFZW, the pension fund for the Dutch health and welfare sector, which serves approximately three million participants.
- Major Events
- In 2024, PGGM initiated a transition to a new investment process aimed at enhancing flexibility, scalability, and efficiency.
- Allocation Strategy
- PGGM's investment approach, termed "3D investing," is structured to balance financial returns, risk, and societal impact. The firm invests across a range of asset classes, including private equity, real estate, and infrastructure, with a global geographic scope. PGGM has a dedicated responsible investment team and reports annually on its progress in sustainable investing.
The funds PGGM Investments backs.
PGGM Investments is a limited partner in 88 funds. 4 of them place in the Power Law Investor Ranking; those lead, best-ranked first.
How PGGM Investments’ fund book is spread.
The 88 funds PGGM Investments backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters, across the 86 of 88 with a location on record.
- Europe 4047%
- North America 2529%
- Rest of world 2124%
United Kingdom 25 · United States 24 · Hong Kong 4 · Netherlands 4
How established those managers are
Managers grouped by how many funds they have raised — across the 42 of 88 with a fund history on record.
The companies PGGM Investments backs directly.
PGGM Investments holds 14 companies directly, separate from the funds it commits to as a limited partner. Broken down by headquarters country, sector, entry stage and current growth stage. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.
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Netherlands8
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France2
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Germany1
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Poland1
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Spain1
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USA1
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Energy7
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Transportation3
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Fintech2
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Health2
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Engineering and Manufacturing Equipment1
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Home Living1
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Hosting1
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Real Estate1
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Robotics1
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Travel1
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Series B+5
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Series A2
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Late Growth5
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Breakout Stage4
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Early Growth3
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Mature2
Inside PGGM Investments’ portfolio.
The 14 highest-funded portfolio companies, of 6 tracked.
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mBWhere PGGM Investments’ portfolio founders come from.
11 founders across the 14 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.
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Netherlands7
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France4
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Eindhoven University of Technology3
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INSEAD Business School2
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TU Delft2
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Avans University of Applied Sciences1
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CentraleSupélec - Paris-Saclay University1
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EM Lyon Business School1
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ESSEC Business School1
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HEC Paris1
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HZ University of Applied Sciences1
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IFP School1
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Bain & Company2
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SOLID2
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Accenture1
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Air Liquide1
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Allego1
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AME (Applied Micro Electronics)1
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Arthur D Little1
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ASML1
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Dalkia1
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EDF1
Other LPs.
Other pension funds in the Power Law LP ranking, closest to PGGM Investments by combined power-law score — Europe first, then the nearest worldwide.