# SPNG

SPNG is a Private Sector Pension Fund based in Den Haag, Netherlands.

## Overview

- **Organization type:** Private Sector Pension Fund
- **Headquarters:** Den Haag, Netherlands
- **Region:** Europe
- **Address:** Bezuidenhoutseweg 12, 2594 AV, Den Haag, Netherlands
- **Founded:** 1968
- **Assets under management:** Undisclosed
- **Website:** www.spng.nl

## Regulatory record

- **Reports private funds:** No

## About

SPNG was founded in 1968 to administer retirement schemes for Dutch wholesale employers under both voluntary and mandatory participation rules. Jan van der Zouw serves as chairman; Kees Vlaar represents employees and pensioners on the board. The fund operated until its scheme and assets transferred to Pensioenfonds PGB on 1 January 2023. The portfolio mixes fixed income, real estate, public equities and private equity. Fixed-income holdings of $537M consist of government bonds and high-grade credits. Two Altera Vastgoed vehicles provide $120M of indirect Dutch residential and convenience retail exposure. Public equity positions include a $400M MSCI World Index allocation and a $77M emerging-markets sleeve. Private-equity exposure of 5.06% runs through Achmea-managed funds. SPNG employed Achmea Investment Management as fiduciary from 2015 to 2022 and Northern Trust as custodian over the same period. TKP Pensioen handled administration until the 2023 transfer. The fund maintained membership in the Pensioenfederatie industry association. SPNG operated as a sector-specific pension vehicle whose governance linked directly to the Vereniging van Groothandelaren in Nederland employer association, creating a closed-loop structure between plan sponsor and asset owner until the scheme migration to PGB.

## Sectors

- Real Estate
- Fixed Income
- Private Equity
- Infrastructure

## People

- Jan van der Zouw — Chairman of the Board

## Questions

### Who runs investment decisions at SPNG?

Jan van der Zouw chairs the board. Day-to-day fiduciary management was delegated to Achmea Investment Management until the 2023 scheme transfer.

### Does SPNG participate in fund commitments or only direct deals?

The fund accessed private equity and infrastructure through Achmea-managed commingled vehicles rather than direct co-investments.

### What asset classes does SPNG hold?

Holdings include Dutch residential and retail real estate via Altera Vastgoed, government and corporate bonds, global and emerging-markets public equities, and private-equity exposure through Achmea funds.

### Where does the underlying membership come from?

SPNG served employees and pensioners of wholesale companies affiliated with the Vereniging van Groothandelaren in Nederland.

### How is SPNG related to Pensioenfonds PGB?

SPNG transferred its entire pension scheme and assets to PGB effective 1 January 2023, after which SPNG ceased independent operations.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/spng

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