# The Eendragt Pension

The Eendragt Pension is an Insurance based in Utrecht, Netherlands.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Utrecht, Netherlands
- **Region:** Europe
- **Address:** Utrecht, Netherlands
- **Founded:** 1720
- **Assets under management:** Undisclosed
- **Website:** asr.nl
- **LinkedIn:** https://nl.linkedin.com/company/asr-verzekeringen

## Regulatory record

- **Reports private funds:** No

## About

Verzekeringen - sparen en beleggen - hypotheek - pensioen. We investeren je premie in groene energie, niet in kinderarbeid of de tabaksindustrie.

## Sectors

- Infrastructure
- Real Estate
- Private Credit
- Energy Transition & Renewables
- Hedge Funds

## People

- Jos Baeten — CEO

## Questions

### Who runs investment decisions at ASR Nederland?

CEO Jos Baeten holds ultimate responsibility for the firm's investment strategy, with day-to-day portfolio management delegated to the CIO and specialist teams under ASR Real Assets and the alternative fixed-income group. The investment committee is governed by the Dutch Central Bank's Solvency II regulations, which impose strict asset-liability matching requirements.

### How large is ASR's alternatives program, and what does it include?

ASR's alternatives sleeve totals approximately €12 billion, focused on Dutch infrastructure, direct real estate, private credit to SMEs, and renewable energy projects. The February 2024 acquisition of Aegon Nederland added roughly €4 billion in alternative assets. ASR Real Assets is the primary vehicle for direct property and infrastructure investments.

### What is ASR's known posture on co-investments alongside external GPs?

ASR participates in direct co-investments, particularly in domestic real estate and infrastructure. The firm co-invested alongside APG in Vesteda, a large Dutch rental housing portfolio. Its scale as the largest Dutch pension consolidator post-Aegon acquisition provides access to proprietary deal flow that reduces reliance on fee-based fund structures.

### How is the ASR Foundation related to the insurance company's investment operations?

The ASR Foundation is a structurally separate philanthropic entity that funds social inclusion and financial literacy programs in the Netherlands. It is governed by an independent board and does not influence investment decisions. Its endowment draws from ASR Nederland's corporate profits, not directly from policyholder general account assets.

### What was the significance of the Aegon Nederland acquisition for allocators?

The February 2024 acquisition of Aegon Nederland for €4.9 billion fundamentally scaled ASR's investment platform, adding roughly 2 million customers and €4 billion in alternative assets. It transformed ASR into the largest pension consolidator in the Netherlands, giving the combined entity greater negotiating power in private deals and deepening its access to Dutch mortgage and infrastructure origination.

## Related profiles

- [The Edison Institute Retirement Plan](https://altss.com/profile/the-edison-institute-retirement-plan)
- [CPERS Baton Rouge](https://altss.com/profile/the-employees-retirement-system-of-the-city-of-baton-rouge-and-parish-of-east-baton-rouge-cpers)

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

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