On April 10th, 2014 PGGM Investments announced that it received the AIFM license on April 4th 2014.
AF Advisors acted as program manager and played an important role in implementing the AIFM directive within PGGM. PGGM is the third institution in the Netherlands to receive the AIFM licence and the first large institution and pension administrator. AF Advisors combined an in depth knowledge of the directive with a pragmatic multidisciplinary approach on implementation. Involving key departments like legal affairs, compliance, investments, risk management, operations and the front office from the start is important to achieve an efficient and timely implementation. Contact person with respect to AIFMD is our partner Peter Dom.