Key Takeaways
- • Paulus Ingram, head of hedge fund investments at APG Asset Management (the asset management division of Dutch pension giant Stichting Pensioenfonds ABP with $427 billion in assets), has departed to launch ARC Fiduciary, a sustainability-focused alternative investment manager.
- • Ingram oversaw $25 billion in hedge fund investments at APG from New York before his exit; he joined the Dutch pension in 2010 after prior roles at D.E. Shaw & Co., real estate, and private equity.
- • ARC Fiduciary, based in Greenwich, Connecticut, and co-headed by Ingram and CIO Dempsey Gable, is scheduled to launch in Q4 2016 and will target renewable energy infrastructure including solar, wind, hydro, natural gas, energy storage, and efficiency projects aligned with the UN Sustainable Development Goals.
- • The new firm positions itself as a specialist investment adviser focused on financial outperformance while supporting sustainability objectives, capitalizing on institutional investor appetite for ESG-compliant alternative investments.
- • APG's hedge fund program is advised by New Holland Capital, a New York-based advisory firm whose network and insights Ingram highlighted as strategic to the pension's investment approach.
Summary
Paulus Ingram's departure from APG Asset Management marks a significant transition in the Dutch pension industry, occurring at a moment when institutional asset owners are intensifying focus on sustainable investment strategies. Ingram, who held the position of head of hedge fund investments for APG—the asset management arm of Stichting Pensioenfonds ABP, one of Europe's largest pension funds with $427 billion in assets—has exited to establish ARC Fiduciary, a Greenwich, Connecticut-based alternative investment manager specializing in sustainability-focused strategies.
During his tenure at APG, which began in 2010, Ingram managed $25 billion in hedge fund investments from the firm's New York office. His career path reflects deep experience across multiple alternative asset classes: he began at New York hedge fund D.E. Shaw & Co. before transitioning into real estate and private equity. This diversified background positions him to lead ARC Fiduciary, which will operate as a specialist investment adviser sponsoring fiduciary institutional products.
ARC Fiduciary's investment mandate centers on renewable energy and energy efficiency infrastructure, with the fund targeting solar, wind, hydroelectric, natural gas, energy storage, and efficiency projects. The firm is co-headed by Ingram and Dempsey Gable, serving as Chief Investment Officer. Critically, ARC's strategy explicitly aligns portfolio construction with the United Nations' 17 Sustainable Development Goals, announced in September 2015, which establish targets through 2030 for poverty reduction, inequality mitigation, and climate action. This positioning reflects broader institutional recognition that achieving these development targets will require substantial capital deployment from public and private investment sources.
ARC Fiduciary is scheduled to launch in the fourth quarter of 2016. At APG, Ingram worked closely with New Holland Capital, a New York-headquartered advisory firm that provides counsel to the Dutch pension's hedge fund program. Ingram emphasized the strategic value of this relationship, noting the "synergy between APG's size, long-term fortitude and discretion and New Holland's network and insights."
During his tenure at APG, which began in 2010, Ingram managed $25 billion in hedge fund investments from the firm's New York office. His career path reflects deep experience across multiple alternative asset classes: he began at New York hedge fund D.E. Shaw & Co. before transitioning into real estate and private equity. This diversified background positions him to lead ARC Fiduciary, which will operate as a specialist investment adviser sponsoring fiduciary institutional products.
ARC Fiduciary's investment mandate centers on renewable energy and energy efficiency infrastructure, with the fund targeting solar, wind, hydroelectric, natural gas, energy storage, and efficiency projects. The firm is co-headed by Ingram and Dempsey Gable, serving as Chief Investment Officer. Critically, ARC's strategy explicitly aligns portfolio construction with the United Nations' 17 Sustainable Development Goals, announced in September 2015, which establish targets through 2030 for poverty reduction, inequality mitigation, and climate action. This positioning reflects broader institutional recognition that achieving these development targets will require substantial capital deployment from public and private investment sources.
ARC Fiduciary is scheduled to launch in the fourth quarter of 2016. At APG, Ingram worked closely with New Holland Capital, a New York-headquartered advisory firm that provides counsel to the Dutch pension's hedge fund program. Ingram emphasized the strategic value of this relationship, noting the "synergy between APG's size, long-term fortitude and discretion and New Holland's network and insights."
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