Ruulke Bagijn leaves PGGM to join Axa Investment


Ruulke Bagijn, PGGM, Chief Investment Officer Private MarketsDutch pension fund PGGM is set to lose its chief investment officer for private markets, with Ruulke Bagijn leaving to join Axa Investment Managers.

She ends a seven-year stint at the firm by joining Axa, where she will lead its private equity and infrastructure investments as the global head of real assets private equity.

Bagijn joined PGGM in 2009 as the head of private equity. Three years later, she was appointed CIO for Private Markets and also as a member of the MT of PGGM Asset Management.

Prior to joining PGGM, Bagijn was managing director with 4RAE, a private equity fund focused on investing in renewable and alternative energy companies.
Before 4RAE, she was the head of the ABN AMRO Principal Investment Group in London.

PGGM chief of investment management Eloy Lindeijer said, “Ruulke has been a prominent colleague and representative of PGGM. She has led the expansion of our private markets platform, which offers clients access to investments in private equity, infrastructure, real estate and other non-listed investments.

“At AXA Investment Managers-Real Assets she will join the board as of May 1st 2016 and take charge of the private equity and infrastructure investments in particular. We wish Ruulke success in her new role.”

Four months ago, Bagijn told AltAssets that transparency in fees and costs is improving in the private equity industry, but the change will not happen overnight.

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