PGGM's Bagijn heads to AXA IM

The Dutch pension fund manager's private markets CIO to join the direct investment arm of the French insurance giant as global head of its real assets private equity division.

Ruulke Bagijn, chief investment officer for private markets at PGGM, is leaving the Dutch pension fund for AXA Investment Managers – Real Assets.

She will join the real assets direct investment arm of the French insurance giant as global head of real assets private equity.

“Ruulke has been a prominent colleague and representative of PGGM. She has led the expansion of our private markets platform, which offers clients access to investments in private equity, infrastructure, real estate and other non-listed investments,” commented Eloy Lindeijer, PGGM's chief of investment management.

“At AXA Investment Managers-Real Assets  she will join the board as of May 1st 2016 and take charge of the private equity and infrastructure investments in particular. We wish Ruulke success in her new role.”

Bagijn joined PGGM in 2009 as head of the private equity team. In 2012, she was appointed as the firm's chief investment officer for private markets.

Before she joined PGGM, Bagijn was managing director with 4RAE, a private equity fund specializing in investments in sustainable energy.