17.06.2011 – 11:30
Two new members in the global network of the Long Term Investors Club
- Indian IDFC and Dutch APG joined the LTIC on the occasion of the Annual Conference of the Club
Today the Indian Infrastructure Development Finance Company Limited IDFC and the Dutch pension delivery organisation APG were accepted as new members in the Long Term Investors Club. With IDFC and APG the Club has grown to 14 members from 12 different countries.
IDFC is the second Asian Club member and they will contribute with its knowledge about infrastructure financing as well as the experience in an emerging country. Rajiv Lall, CEO of IDFC ascertained: "I am very pleased that IDFC can participate in the work of the Long Term Investors Club. IDFC is happy to deliver expertise in infrastructure financing from India to the club members as well as to the partners all over the world."
The Dutch APG is one of the biggest European service providers to pension funds and is active as an institutional investor all over the world. It is the third pension fund investor in the club and completes the wide range of European members. Angelien Kemna, Chief Investment Officer of APG states: "We found experienced partners in the Long Term Investors Club and the network around the globe will help us in our position as a Long Term Investor and APG looks forward to share its own experience with the Club."
"With the two new members the Club made a major step in its expansion strategy towards emerging countries and private investors The Club herewith becomes one of the worlds most important investors platform, where we can exchange best practices and develop potential co-investment opportunities to finance the long term needs of our economies. Our cooperation is among the best ways to allocate capital in a more efficient and equitable way, and to lay the basis for sustainable, shared growth. This is how; all together we will succeed to create the right « level playing field » for sharing growth." comments Augustin de Romanet, President of the Long Term Investors Club and CEO of the French Caisse des Dépôts. The third conference of the LTI Club focused on how long-term investments can help countries or regions tackle the challenges of climate change, urban development, energy security, transport and mobility, education or demographic change, as portrayed by more than 20 completed or planned investment projects. "Nearly everyone will be influenced by these changes. Long-term investments will play a crucial role in the adaptation of future needs," explained Dr. Ulrich Schröder, Chief Executive Officer of conference organiser KfW Bankengruppe.
About the Long-Term Investors Club:
Founded in Paris in 2009, the Long-Term Investors Club (LTIC) has meantime grown to encompass 14 members from France, Italy, Germany, China, Russia, Canada, Abu Dhabi, Morocco, Poland, Turkey, India and the Netherlands representing a combined balance sheet total of USD 3,000 billion. LTIC aims to continue to develop and extend this platform to other major institutions around the world, in particular institutions from G20 countries. The Club's objective is to bring together major worldwide institutions, including sovereign wealth funds, public sector retirement funds, private sector pension funds, development banks, economists, financial policy makers and regulators, to assert their common identity as long-term investors, to open the way to greater cooperation between all members and to deliver the message that fostering the right conditions for long-term investment will be an important element in ensuring international financial stability and sustainable economic growth. www.ltic.org
Infrastructure Development Finance Company Limited (IDFC) is India's premier financial services institution focused on infrastructure. It was set up in 1997 by the Government of India as a financier and catalyst for private sector's involvement in infrastructure development in India. IDFC has evolved into a 'one stop shop' for infrastructure finance in India, meeting the complex and ambitious requirements of an expanding client base. IDFC's strategy involves all parts of the value chain of infrastructure, providing a differentiated value proposition to its clients.
IDFC's domain expertise in infrastructure combined with product breadth - project financing, investment banking and asset management enables it to provide creative solutions to its clients. IDFC has strong relationships with the private sector and government enabling it to provide objective advice and facilitate public-private partnerships in infrastructure. IDFC Foundation helps train government officials on public-private partnerships, provides advice on infrastructure policy and governance issues and on sustainable development strategies. www.idfc.com
APG, a financial services provider in the collective pension market, provides pension fund administration, asset management, management support and communication services to pension funds. For these pension funds and their 4.5 million active and retired participants from the public and private sector, APG manages pension assets of in total approximately 277 billion Euros (as per April 2011). APG administrates over 30% of all collective pension schemes in the Netherlands. www.apg.nl
Long Term Investors Club Anne Haudry de Soucy Phone: + 33 (1) 58 50 11 16 E-Mail: firstname.lastname@example.org
KfW Bankengruppe Dr. Michael Helbig Phone: +49 69 7431 2277 - +49 172 650 88 23 E-Mail: email@example.com
IDFC Mr. Arun Raste Phone: + 91 22 42222019 E-Mail: firstname.lastname@example.org / email@example.com
APG Harmen Geers Phone: + 31 20 6049136 E-Mail: firstname.lastname@example.org
Original content of: KfW, transmitted by news aktuell