PGGM has hired former Permira executive Wouter Snoeijers as a director on its private equity team, PGGM confirmed.
Snoeijers joined the Dutch pension administrator on 1 July. He previously spent seven years at Permira; the first two years of which he worked in the telecom, media and technology group before joining the firm’s financial services team.
Most recently, Snoeijers was Permira’s head of the Netherlands and Belgium. During his tenure at Permira, he worked on investments such as All3Media and Just Retirement. Prior to Permira, Snoeijers spent three years in the Benelux M&A team at JPMorgan.
PGGM has been building out its private equity team since the sale of its interest in AlpInvest in 2011. The group has grown from one to 15 professionals, and last year named Eric-Jan Vink, a former partner at Gilde Buy Out Partners, as head of private equity.
“We are trying to build up a diversified portfolio,” Vink told Private Equity International in a previous interview. “Following the sale of PGGM’s interest in Alpinvest, we started to do a few commitments to funds in emerging markets. Last year we started to do commitments to some of the global well-known buyout funds. It’s a mix of buyouts, growth capital and distressed.”
PGGM has approximately €133 billion in assets under management, with around 6 percent invested in private equity.