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PGGM’s Bagijn heads AXA real assets

The Dutch pension fund manager's private markets CIO is to join the direct investment arm of the French insurance giant as global head of its real assets private equity division.

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Ruulke Bagijn, formerly chief investment officer for private markets at PGGM, joined AXA Investment Managers Real Assets as global head of real assets private equity on 1 May.

AXA IM manages €110 million of forestry assets, including 48 forest estates covering 16,087 hectares, according to their website. The firm does not manage farmland investments.

“Ruulke has been a prominent colleague and representative of PGGM. She has led the expansion of our private markets platform, which offers clients access to investments in private equity, infrastructure, real estate and other non-listed investments,” said Eloy Lindeijer, PGGM’s chief of investment management.

Bagijn joined PGGM in 2009 as head of the private equity team. In 2012, she was appointed as the firm’s chief investment officer for private markets.

Before she joined PGGM, Bagijn was managing director with 4RAE, a private equity fund specialising in investments in sustainable energy.