Dutch pension ABP reported strong growth in its private equity portfolio for the first half of 2010, with the asset class returning 13.7 percent. The figure is a steep increase from the 4.8 percent private equity returned for the pension in the first half of 2009.
Infrastructure is a relatively new asset class within the ABP portfolio that is growing from a smaller base. The pension created its infrastructure allocation in 2007 and currently has .3 percent of its €218 billion investment portfolio invested in the asset class.
Private equity, by contrast, commands a 5.4 percent share of its portfolio. The 13.7 percent return on private equity equated to a gain of about €1.3 billion for the pension.
Overall, ABP posted a 4.6 percent return on investment in the first six months of the year, equivalent to a gain of about €9.6 billion.