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Nedlloyd Pensioenfonds
Nedlloyd Pensioenfonds is the pension fund for former employees of Royal Nedlloyd, the Rotterdam-based shipping conglomerate absorbed by A.P.
Nedlloyd Pensioenfonds
Nedlloyd Pensioenfonds is the pension fund for former employees of Royal Nedlloyd, the Rotterdam-based shipping conglomerate absorbed by A.P. Moller-Maersk in 2005. The fund now operates as a closed scheme, paying pensions to its legacy membership from a frozen pool of assets. It is managed by an executive board led by CEO Vinod Raghoebarsing and CIO Hedwig Peters, with Jacco Heemskerk serving as independent chairman of the board of liquidators (per Altss research). The fund's asset base is concentrated in Dutch real estate and global private equity. Directly held properties include a position in the Willemswerf office tower at Boompjes 40 in central Rotterdam, as well as stakes in the ASR Dutch Science Park Fund and the ASR Dutch Core Residential Fund (per Altss research). Its private equity program operates through fund commitments, with a portfolio that extends into European and global venture capital. The fund is a founding member of GREEN, the Global Real Estate Engagement Network focused on ESG and climate risk, and an institutional member of INREV, the European association for non-listed real estate vehicles. As the plan matures and its participant base shrinks, the fund's governing board has concentrated on asset-liability management and the orderly liquidation of holdings. Recent operational focus has been on maintaining the long-duration real estate portfolio while harvesting private equity distributions to meet benefit obligations. The team remains small, with the full-time executive board handling investment and administrative oversight. Nedlloyd Pensioenfonds is structurally distinct from most active Dutch pension funds: it has no sponsoring employer, no active participants, and no new contributions flowing in. Its governance is framed by a run-off mandate, making capital preservation and liquidity management its central investment problems. That posture places it closer to an insurance-like liability manager than a growth-oriented institutional allocator.
General information
Firm type
Pension Fund
Location
Region
Europe
Country
Netherlands
City
Rotterdam
Corporate office
Rotterdam, Netherlands
Principals
Jacco Heemskerk
Independent Chairman of the Board of Liquidators
Vinod Raghoebarsing
CEO and Executive Board Member
Hedwig Peters
CIO and Executive Board Member
Sector focus
Frequently asked questions
Who runs investment decisions at Nedlloyd Pensioenfonds?
Day-to-day investment leadership sits with CIO Hedwig Peters, who serves on the executive board alongside CEO Vinod Raghoebarsing. The board operates under an independent chairman, Jacco Heemskerk, who leads the board of liquidators overseeing the fund's orderly wind-down. All three are named principals in the fund's governance structure.
Is Nedlloyd Pensioenfonds still open to new participants?
No. The fund closed to new accruals following the 2005 acquisition of Royal Nedlloyd by A.P. Moller-Maersk. It now operates purely as a run-off scheme, paying benefits to retired former employees and deferred members from its existing asset base, with no active contribution stream.
What does the fund's real estate portfolio include?
The fund holds both direct and indirect Dutch real estate positions. Directly, it owns a stake in the Willemswerf office building on Boompjes 40 in Rotterdam. Through fund vehicles, it invests in the ASR Dutch Science Park Fund and the ASR Dutch Core Residential Fund, giving it exposure to commercial offices, residential rental, and technology-oriented real estate across the Netherlands.
How is the fund's private equity program structured?
Nedlloyd Pensioenfonds accesses private equity through external fund commitments, rather than direct co-investments. The portfolio has a global mandate and spans general venture capital across multiple sub-strategies. As a mature plan in run-off, the fund is primarily harvesting distributions from legacy commitments rather than making new allocations.
What is the fund's relationship with A.P. Moller-Maersk?
A.P. Moller-Maersk acquired Royal Nedlloyd's container shipping business in 2005, which triggered the pension fund's closure. Maersk does not sponsor the fund. Nedlloyd Pensioenfonds is an independent legal entity managing the legacy pension obligations of the former Royal Nedlloyd workforce.
Does the fund have any active ESG or climate-focused initiatives?
Yes. Nedlloyd Pensioenfonds is a founding member of GREEN, the Global Real Estate Engagement Network, which works with institutional investors on climate risk and ESG integration in real estate portfolios. The fund also maintains institutional membership in INREV, reflecting its long-standing commitment to professional standards in non-listed property investment.
What is the end-state plan for Nedlloyd Pensioenfonds?
The fund is in formal liquidation. As its participant base ages and liabilities run off, the board of liquidators is responsible for managing the remaining assets, paying benefits, and eventually distributing any residual surplus or winding up the legal entity. There is no publicly stated timeline for final closure.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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