Iain Leigh, APG’s global head of private equity and a managing director, is stepping down at the end of 2019. Greg Jania, head of fund investments, and Ken Bloomberg, head of co-investments, will co-head APG’s global PE program and join the executive board of APG Asset Management US Inc.
APG’s Global Head of Private Equity Announces 2020 Departure
New York, New York. June 19, 2019 – Global head of Private Equity and Managing Director, Iain Leigh, has announced his intention to step down from his position at the end of 2019. He is passing leadership of the team on to current senior managers Greg Jania, Head of Fund Investments and Ken Bloomberg, Head of Co-Investments. They will both become Managing Directors as of January 1, 2020, will co-head APG’s global private equity program, and will join the Executive Board of APG Asset Management US Inc.
APG Asset Management has asked Iain to continue in the capacity of Senior Adviser to the company’s Private Equity business and to the CIO office through mid-year 2020. APG’s CIO, Peter Branner, supports the succession: “Iain has built a strong, in-house private equity program for our clients, which includes having great team in place that is ready to take it over.”
Iain is proud of the deep bench of private equity professionals he has on the team and sees the succession as a natural progression of the program. “The time is right for me to take a step back from the day-to-day leadership of the business, and to make way for the very capable next layer of management to move up and take the platform forward.”
Iain has had a long association with the private equity program at APG. He was a founding Managing Partner at AlpInvest Partners and came to APG in 2012 to bring the global private equity operations in-house. Over the past seven years, he has built a global, multi-channel private equity platform with a team of 36 investment professionals.
Greg Jania joined APG in 2013 to implement and oversee the Fund Investment program. Ken Bloomberg came to APG from AlpInvest Partners in 2014 to develop and manage the co-investments line of business. They each bring more than a decade of successful leadership experience in the private equity industry and have worked closely with Iain over the past six years on ensuring a cohesive global program for APG’s clients.
About APG Group NV
APG is the largest pension delivery organization in the Netherlands; its approximately 3,000 employees provide executive consultancy, asset management, pension administration, and pension communication and employer services. APG performs these services on behalf of (pension) funds and employers in the sectors of education, government, construction, cleaning and window cleaning, housing associations, energy and utility companies, sheltered employment organizations, and medical specialists. APG manages approximately € 500 billion (March 2019) in pension assets for the pension funds in these sectors. APG works for approximately 21,000 employers, providing the pension for one in five families in the Netherlands (about 4.5 million participants). APG has offices in Heerlen, Amsterdam, Brussels, New York, Hong Kong, Singapore, and Beijing.