IPE institutional market survey: Managers of Dutch institutional assets 2025

September/October 2025 (Magazine)

The assets managed on behalf of Dutch institutional investors have grown for three consecutive years, approaching the highs of 2022. APG, the managers of the government employees’ pension fund ABP, tops the AUM ranking.

The next three managers – PGGM, BlackRock and Achmea –are converging around the €250bn mark. BlackRock and Achmea reported significant AUM growth. The US company saw its Dutch assets jump nearly 30%, while Achmea’s assets grew by an impressive 45%, both thanks to large mandate wins. Blackrock became fiduciary manager for the pension fund of Shell, and Achemea acquired the asset management arm of the BlueSkyGroup, manager of the pension funds of airline KLM.

Full data access
This summary shows headline data. The full dataset includes more detailed data on individual managers and is available to subscribers at ipe.com/research. To subscribe to IPE visit ipe.com/membership  and for further information about the research or to participate in future surveys, contact [e-mail]