Exclusive: PGGM’s infra head to step down(2)

Henk Huizing, at the helm of the Dutch pension’s infrastructure team since 2008, will remain in his role until a successor is found.

Henk Huizing, head of infrastructure at Netherlands-based PGGM, has decided to resign, a spokesperson for the €167 billion pension asset manager confirmed to Infrastructure Investor.

Huizing, who’s been leading the infrastructure unit since 2008, will continue to hold full responsibility for the team until a successor can take over the role.
He is no longer listed alongside other team leaders on PGGM’s website, which is now advertising for the role of head of infrastructure.

Huizing will not leave PGGM and plans to support the infrastructure team in a different role in the coming years. He will also join the supervisory board of several of PGGM’s portfolio companies, the spokesperson said.

“Huizing thinks after 6 years it is the right moment to hand over his responsibilities to a successor.”

PGGM started investing in infrastructure in 2005, and had only one dedicated manager then. The team then grew to three people when Huizing joined the institution in September 2008 and now counts 15 staff.

Under his watch, PGGM’s infrastructure unit has evolved from investing in third-party funds to being a direct investor, and the pension’s infrastructure portfolio has grown from €700 million to €4 billion.

“Our team has acquired considerable knowledge and expertise in direct investments and with a new head management we can continue to grow our portfolio,” Huizing told Infrastructure Investor.

Earlier this month, Infrastructure Investor reported that PGGM had bought a minority stake in Autoroutes Paris-Rhin-Rhône (APRR), Europe’s fourth-largest motorway group, from Macquarie-managed funds.

Other recent deals sealed by the fund include the purchase of a 33.2 percent stake in Dutch-based Northern Offshore Gas Transport from France’s GDF Suez and the acquisition of a majority interest in Germany’s A8 motorway alongside Dutch developer BAM PPP and France’s OFI InfraVia.