PGGM to further expand PE team

It has been building out its private equity team since selling its interest in AlpInvest in 2011

Dutch pension fund administrator PGGM is on the hunt for a junior investment manager as it continues to build out its private equity team.

The pension fund administrator aims to attract someone that can support its existing private equity team with “all the aspects of executing deals”, it said in a listing on its website. The manager will be involved with financial analysis, due diligence and internal compliance.

The individual will also be monitoring PGGM’s deal pipeline, plan investor meetings, and prepare investment propositions, as well as supporting dealmakers with investment review meetings. In addition, the new hire will be involved in analysing and comparing the returns of GPs per region and sector.

Furthermore, the new hire will communicate with senior investment managers as a starting point for PGGM’s GP selection process and support portfolio companies in co-investment transactions. The individual will be able “to close deals from day one”, it added. PGGM completes approximately five to 10 co-investments per year. 

The vacancy comes as PGGM continues to build out its private equity department, which has grown from one to 15 since PGGM sold its interest in fund of funds manager AlpInvest Partners in 2011. Last year, PGGM hired Wouter Snoeijers, a former Permira executive, as a director. The group’s private equity team is led by Eric-Jan Vink, a former partner at Gilde Buy Out Partners.

The pension fund provider invests in primary funds, secondaries and co-investments and aims to build up a global portfolio, it said. Its current portfolio has a market value of approximately €8 billion.