APG is a wholly owned subsidiary of ABP, the national civil pension fund. It has become one of the world’s largest multi-industry pension managers and it invests on behalf of ABP and of seven other industry PPFs. It has 3,000 professionals sitting in Herleen (HQs), Amsterdam, Brussels, Hong Kong, Beijing, Shanghai and New York (in the Chrysler building). Its portfolio of alternative assets is estimated at $151bn, which makes it the world’s third largest alternative investor, just behind Abu Dhabi’s ADIA and Canada’s CPPib.