Simpson Thacher Represents AlpInvest Partners N.V. in New Investment Mandate from APG Algemene Pensioen Groep N.V.
10.01.09
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The Firm has represented AlpInvest Partners N.V. ("AlpInvest"), a private-equity investment manager, in the negotiation of a new investment mandate from APG Algemene Pensioen Groep N.V. ("APG"), a Dutch pension fund that, together with still uninvested funds, will allow AlpInvest to invest a little over €4 billion, or nearly $6 billion a year.
AlpInvest has received over €40 billion in commitments since 2000. AlpInvest is directly owned by APG, a pension fund for civil servants with about €173 billion in assets under management at the end of 2008, and PGGM Vermogensbeheer B.V., a pension fund for Dutch health-care workers, and has been the exclusive private-equity manager for those funds since 1999.
The Simpson Thacher team for the negotiation of the investment mandate included Tom Bell, Olga Gutman and Nick Rontiris (Private Funds), John Hart, Noah Beck and Jennifer Klein (Tax) and former international associate Miriam Engstrom.