PGGM, the €180 billion Netherlands-based pension, has appointed Frank Roeters van Lennep as head of infrastructure.
Roeters van Lennep will start in his new role on January 1st. He will replace Henk Huizing, who will now focus on directorships of participations owned by PGGM.
Roeters van Lennep will join the institution from professional services firm KMPG, where he has been a partner within the corporate finance department for more than 14 years. He has previously worked at public employee pension fund ABP as well as Dutch lenders De Nationale Investeringsbank and De Nederlandsche Bank.
As was first reported by Infrastructure Investor, Huizing confirmed his intention to step down in August after more than six years in the role. “Our team has acquired considerable knowledge and expertise in direct investments and with a new head management we can continue to grow our portfolio,” he said then.
Under Huizing’s tenure, PGGM’s infrastructure portfolio has grown sixfold and its dedicated team expanded from four to 22, according to a statement released today by the institution.
Recent deals sealed by PGGM include the purchase of a minority stake in Autoroutes Paris-Rhin-Rhône (APRR), Europe’s fourth-largest motorway group, as well as the acquisition of a 33.2 percent stake in Dutch-based Northern Offshore Gas Transport and the purchase of a majority interest in Germany’s A8 motorway alongside Dutch developer BAM PPP and France’s InfraVia.