Pension Fund PGB appoints ASI as partner to invest €500 million in small and mid-sized European enterprises

Deutsche Bank

Aberdeen Standard Investments publiceert op haar website:

“PGB Pensioendiensten (Pension Services) and Aberdeen Standard Investments (ASI) have announced they will work closely together to invest in small and medium sized enterprises in Europe on behalf of Pensioenfonds PGB.

The co-operation entails a five year €500 million private equity program that will have the objective of creating value through investing with managers who focus on operating improvements, job creation, Environmental, Social and Governance (ESG) issues and other responsible investment strategies.

With this strategy, PGB Pensioendiensten (hereafter PGB) will focus on contributing to growth and development of companies across Europe. This can take the form of guiding international expansion, recruiting external management to assist with the growth strategy and expanding the range of products and services offered.

After an extensive search, PGB selected ASI to manage this program. ASI’s experienced team and extensive network across Europe will provide PGB with the capacity and experience to assess a wide range of investment opportunities. This will lead to a broadly diversified portfolio of private equity funds. Both PGB and ASI will judge whether the cost structure in any fund commitment made is appropriate for the targeted investment outcome and the services delivered.”

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