Representing APG’s first allocation to infrastructure debt, Schroders Capital has developed a tailored investment solution to capture the growing opportunity set in the infrastructure debt investment universe that also aligns with APG’s sustainability and impact requirements.

Leveraging Schroders ’ deep expertise in impact investment, a dedicated impact sleeve forms part of the APG mandate. This component enables 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 safety1. APG’s allocation reaffirms 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 objectives2.

This commitment also marks APG as a cornerstone investor in Schroders Capital’s newly launched strategy, focused on high-yielding infrastructure, also known as ’HENRI’. The strategy invests on a diversified basis across a range of sectors in the European infrastructure mid-market.

Since inception of the infrastructure debt team’s investment track record in 2012, the franchise has established itself as a leading alternative lender in European infrastructure debt, having deployed over €9bn in over 200 transactions to date.

Menno van den Elsaker, Head of Alternative Credits at APG, 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.”

Jerome Neyroud, Head of Infrastructure Debt at Schroders Capital, commented: ​“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 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.”

Maria Teresa Zappia, Global Head of Impact, Schroders , added: ​“We are proud to partner with forward-thinking institutions like APG. Their commitment highlights the compelling opportunity in European infrastructure debt for pension fund capital – tapping into global megatrends and creating real-world impact while delivering the desired financial returns. ​“Our philosophy is grounded in intent, contribution, measurement, and financial performance – all underpinned by rigorous management, measurement practices, and independent governance. We have leveraged the BlueOrchard impact practice and worked closely with the infrastructure investment team to embed and scale impact, while also delivering on our aim to bring diversification and financial returns. Building this tailored portfolio for APG has been a truly rewarding experience, and we look forward to deepening our partnership.”