Not only is Johan van der Ende in charge of strategy at another of the large, powerful Dutch pension funds, he also wields significant clout as the chairman of INREV, Europe's association for investors in non-listed real estate vehicles. Having taken up the role last May, he acts as the star cheerleader of INREV, but he has a key role to play as well. One person close to the organization says he is “very active” in forming strategy. He accompanied INREV's chief executive Lisette van Doorn to Asia in January to forge links in the region where ultimately the association wants to improve transparency, corporate governance and performance benchmarking of non listed funds. INREV's influence over the LP, GP relationship is not to be underestimated going forward and van der Ende's influence over the market can only grow. PGGM, which has just restructured, is responsible for the €85 billion ($134 billion) Dutch health care pension fund. Last month, the fund declared it would make details of its investments public. That move came after a Dutch television program sparked outrage among pension scheme members when it broadcast the news that PGGM and another fund had once invested in companies involved in the arms trade. PGGM divested of shares in companies making cluster bombs and nuclear weapons.