Ruulke BagijnPGGM’s private markets CIO Ruulke Bagijn has departed the pension manager to take up a role at AXA Investment Managers in Paris.
Bagijn will become global head of real assets and private equity at the fund manager from May 1, PGGM said in a statement.
“Ruulke has been a prominent colleague and representative of PGGM,” said CIO Eloy Lindeijer. “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. We wish Ruulke success in her new role.”
Under Bagijn’s watch PGGM internalized much of its private equity and infrastructure capabilities, reducing costs in the process. She also oversaw the unwinding of primary client PFZW’s hedge fund portfolio in the fourth quarter of 2014, netting a $56 million profit for the healthcare pension in the process.
Bagijn joined PGGM in 2009 to lead its private equity team and took on broader responsibility for private markets in 2012. She previously worked at Dutch Bank ABN-AMRO and 4RAE, a private equity firm specializing in sustainable energy investments.
Related: PFZW Nets $56M Profit from Hedge Fund Exits & Power 100 2012: #87 Ruulke Bagijn