The Netherlands’ largest pension provider, APG, has invested in Taronga Ventures’ environment technology fund, RealTech Ventures I, on behalf of its pension fund clients.
The investment, made in partnership with global real estate institutional investor, Ivanhoé Cambridge, is APG’s first into built environment technology (Proptech) in Asia Pacific.
Taronga Ventures has created an ecosystem to identify and support emerging technology companies in impacting the built environment.
Its portfolio companies are then advanced through active engagement with its institutional investor base and real estate networks globally.
RealTech Ventures I invests into global emerging technology companies that have a relevance for the Asia Pacific region, covering the entire real estate lifecycle with a focus on sustainable and clean technology companies.
Alongside the investment, the two parties will become partners in Taronga Ventures’ environmental, social and governance (ESG) impact innovation program, which will be implemented across Asia in 2022 and 2023.
The program supports the adoption of best-in-class ESG technologies and innovations that drive “real and measurable change”.
“We are delighted to be partnering with Taronga Ventures for our first Proptech investment in the Asia Pacific,” commented APG Asset Management Asia Pacific managing director and head of real estate, Graeme Torre.
“The partnership will allow us to have direct access to some of the latest innovations in our industry which will bring long-term benefits to our wider real estate portfolio. The fund’s strong focus on ESG related-tech also perfectly aligns with our vision to drive longer term sustainability within real estate.”
Taronga Ventures co-founder and managing partner, Jonathan Hannam, added: “We are pleased to welcome APG and Ivanhoé Cambridge into our ecosystem as investors and also as partners in our ESG impact innovation program.
“Institutional capital has an increasingly active commitment to sustainability and driving change across the real estate sector. We will be working closely with both investors as well as their underlying partners to drive portfolio opportunities and to support their innovation and ESG strategies.”
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