# Stichting Pensioenfonds Vopak

Stichting Pensioenfonds Vopak is a Pension Fund based in Rotterdam, Netherlands.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Rotterdam, Netherlands
- **Region:** Europe
- **Address:** Rotterdam, Netherlands
- **Founded:** 2002
- **Assets under management:** $1.4B (Altss estimate)
- **Website:** pensioenfonds.vopak.com
- **LinkedIn:** https://www.linkedin.com/showcase/vopak-pensioenfonds/

## Regulatory record

- **Reports private funds:** No

## About

Stichting Pensioenfonds Koninklijke Vopak was established in 2002 as the pension scheme for employees of Royal Vopak, the publicly traded Dutch tank storage company. The fund operates from Rotterdam, with Royal Vopak N.V. serving as the sponsoring employer. Michiel Gilsing, Royal Vopak's CFO, sits on the fund's executive board, linking the scheme's fiduciary governance directly to the sponsor's corporate leadership. The fund pursues diversification through a fund-of-funds approach across alternative asset classes. Its strategy spans private debt, social infrastructure, and mixed-use real estate. Documented commitments include allocations to Barings' private debt strategies and multiple Franklin Templeton vehicles, targeting assets across Europe and globally. The portfolio construction shows a bias toward income-generating real assets and credit, consistent with a liability-driven pension seeking stable, long-duration returns. With an estimated AUM of $1.4B (Altss estimate), the fund remains tightly coupled to its corporate sponsor. No additional offices or separate investment vehicles are disclosed. Governance includes board member A.F.J. van der Heijden, who also holds a role with Stichting Vopak, the associated foundation. No discrete operational event within the last 24 months is publicly verifiable. Its structure as a single-sponsor corporate pension fund with direct CFO board oversight sets it apart from multi-employer peers. The governance model — where the sponsor's finance chief holds an executive board seat — creates a uniquely short feedback loop between corporate treasury objectives and pension investment decisions, a contrast to the independent trustee boards common in larger Dutch pension schemes.

## Sectors

- Private Credit
- Infrastructure
- Real Estate

## People

- Michiel Gilsing — CFO of Royal Vopak and Member of the Executive Board
- A.F.J. van der Heijden — Board Member

## Questions

### Who sits on the fund's board and makes investment decisions?

Royal Vopak CFO Michiel Gilsing serves on the executive board. A.F.J. van der Heijden is also a named board member. This structure places the sponsor's top financial officer directly in the governance chain, which is unusually tight for a Dutch corporate pension scheme.

### What is the fund's relationship to Royal Vopak N.V.?

Royal Vopak N.V. is the sole sponsoring employer. The fund exists exclusively to provide retirement benefits to Vopak employees. No external or multi-employer participants are indicated.

### How does the fund access alternative assets?

It invests exclusively through a fund-of-funds approach, using external specialist managers rather than making direct investments. Known manager relationships include Barings for private debt and Franklin Templeton for infrastructure and mixed-use real estate mandates.

### Why has the fund not disclosed its AUM publicly?

As a single-sponsor corporate pension with no marketing mandate, the fund has no incentive to publish asset figures. Its AUM is estimated at $1.4B (Altss estimate) based on observable deployment patterns and sponsor scale, but the fund itself remains silent on the number.

## Related profiles

- [University of Tennessee Consolidated Investment Pool](https://altss.com/profile/university-of-tennessee-consolidated-investment-pool)
- [Pensionskasse der Stadt Biel](https://altss.com/profile/pensionskasse-der-stadt-biel)

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Last updated: 2026-07-08T22:28:41.826Z

Canonical page: https://altss.com/profile/stichting-pensioenfonds-koninklijke-vopak

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology