Dutch pension asset manager APG has announced its first infrastructure debt allocation, committing €425m to Schroders Capital’s Private Debt & Credit Alternatives infrastructure debt team.

As part of the appointment, Schroders Capital developed a tailored investment solution to capture the opportunity set in the infrastructure debt investment universe that also aligns with APG’s sustainability and impact requirements.

A dedicated impact sleeve also forms part of the APG mandate, enabling capital deployment across infrastructure debt assets that directly contribute to APG’s clients’ priority impact themes, including climate change, the energy transition, enhancement of waste management and the circular economy, as well as workplace safety.

APG’s allocation was highlighted as a demonstration of Schroders’ commitment to delivering high-impact strategies across global asset classes, providing institutional and wealth investors with solutions that align with their dual investment and impact objectives.

This commitment also marked APG as a cornerstone investor in Schroders Capital’s newly launched strategy, which invests on a diversified basis across a range of sectors in the European infrastructure mid-market.

Commenting on the appointment, APG head of alternative credits, Menno van den Elsaker, said: “With our first steps into infrastructure debt and a growing commitment to impact credit, we’re aligning capital with purpose—delivering long-term value while addressing global challenges.

"The expansion into real asset credit is a natural evolution of our clients’ strategy, and we’re engaging with partners who share our ambition to drive measurable outcomes.”

Adding to this, Schroders Capital head of infrastructure debt, Jerome Neyroud, said: “As a first mover in the European sub-investment grade infrastructure debt market, our leading platform continues to grow.

"We are delighted to have been selected by APG to manage their inaugural infrastructure debt allocation; this is a testament to our expertise and underscores our shared commitment to investing in critical infrastructure.

“Infrastructure debt continues to offer stable cashflows, even in periods of volatility, making it a valuable portfolio diversifier – a particularly pertinent factor, not least in today’s market environment.”

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