![]() Jason Ng, Partner and co-chair of Baker McKenzie's Global Funds Group, led the Baker McKenzie transactional funds team which comprised Senior Associate, Julia Chia, and Associates, Deanna Liu and William Tsang. This marks APG’s debut life sciences real estate investment in the Asia Pacific region and the first Asia Pacific-focused healthcare partnership between APG and CBC Group. It aims to develop its portfolio in identified key life science clusters across China. CBC HIP has established CLSIV, a China-focused vehicle which is the first within CBC HIP's intended suite of managed products, to empower its life science partners with sustainable and resilient, state-of-the-art facilities to meet the demands of this rapidly developing industry.ĬLSIV has held a first close of USD 500 million and looks to provide best-in-class facilities for life science research, manufacturing and support services catering to biotechnology incubators through to large multinational pharmaceutical companies in China. To address changing demands and more complex healthcare challenges, CBC HIP intends to develop and invest in high-quality healthcare assets including life science research and manufacturing facilities, hospitals, medical offices and senior living accommodation in Asia Pacific. The launch coincides with APG’s USD 400 million cornerstone investment into CBC China Life Science Infrastructure Venture ("CLSIV"), a China-focused life science venture established by CBC HIP targeting USD 1.5 billion in total equity commitments. Are there specific areas (for example renewable sources of energy such as solar, wind, and hydro) that the fund particularly wants to invest in? Does the fund exclude any industries? We help pension funds in their communications with their participants, legislators, and the media to get their responsible investing message across.Baker McKenzie has advised pension fund manager APG Asset Management ("APG"), the largest pension provider in the Netherlands, on its launch of a new Asia Pacific healthcare platform, CBC Healthcare Infrastructure Platform ("CBC HIP") in partnership with CBC Group, Asia’s largest healthcare-dedicated investment firm. Aside from that, in our asset management we take our lead from the way in which our customers, the pension funds, want to pursue responsible investment. We share information about these criteria both with our customers and with the outside world. It potentially has a more positive effect than merely excluding or disposing of a certain investment, which would see our influence disappear altogether.Īt APG, we have fully integrated sustainability criteria into all our investment decisions. But what about the companies that do not? We place those on our exclusion list, or we engage with them to encourage them to make their operations more sustainable. We invest only in companies that meet our criteria for sustainable and responsible practices. These assessments enable us to make conscious investment choices. In recent years, our investment specialists have been assessing companies consistently on their sustainability credentials and conduct in the area of corporate social responsibility. This empowers us to make better investment decisions, especially since we invest for the long term. These criteria are just as important to us as returns, costs, and risk. Responsible investing does by no means mean compromising on returns.įor every single investment, regardless of the investment category, we weigh the ESG criteria, meaning that we decide on whether or not to go ahead with an investment based on environmental impact, social impact, and good governance. To be able to offer people an attractive pension - now and in the future - we invest participants’ pension premiums in a way that is responsible. These two pursuits actually go very well together, so we know from experience. At the same time, we also want to contribute to a sustainable world with good quality of life. APG wants to make sure that our pension funds are able to provide their participants with a good pension.
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