Freshfields advises APG on €500m infrastructure partnership with Equitix

Global law firm Freshfields has advised APG Asset Management on a €500m investment in European infrastructure through a new partnership with infrastructure investment manager Equitix. The investment is being made on behalf of pension fund ABP.

Of the total amount, €400m is committed through a Strategic Managed Account (SMA), with up to a further €100m contemplated for investment in the Equitix Growth Infrastructure Fund, subject to the finalisation of relevant arrangements. The partnership gives APG access to infrastructure investments sourced and managed by Equitix across the UK and continental Europe, with the portfolio expected to include investments in sectors such as rolling stock, offshore electricity transmission and water infrastructure. The partnership is APG's first investment partnership with Equitix.

The Freshfields team was led by partner Nick Kagan, and senior associate Sophie Lacaille, supported by associate Charlotte Clifford and trainee Braun Scott. Tax advice was provided by partners Peter Clements, Bob van Kasteren, Rutger Bouma, Eelco van der Stok and, with associates Samuel Gerrard, Stan Lemmen and Brandon Spears. US tax advice was provided by partner Sarah Katz.