APG, on behalf of its pension fund clients, has acquired an indirect 41.1% interest in Alpha Trains, the leading passenger train and locomotive leasing company in Continental Europe. Alpha Trains provides rolling stock to train and locomotive operators under leases, which provides train operators with the flexibility to respond dynamically and commercially to opportunities presented in the rail transport market, independent of long-term investment considerations. The majority of the fleet is electric, making a significant contribution to the decarbonisation of Europe’s transport sector.

Peter Branner, CIO of APG, about this investement: “As a long-term responsible pension investor, we are continuously looking for attractive investments that help us realise stable returns for ABP and the other pension fund clients we work for, while at the same time contributing to a sustainable world. The investment in Alpha Trains Group perfectly fits our investment strategy: Alpha Trains’ fleet of mostly electric trains and locomotives promotes sustainable, low carbon mass transport within Europe while also offering access to a long-term business model with strong growth and resilient cash flows.”

About Alpha Trains
The Alpha Trains portfolio consists of more than 800 passenger trains and locomotives on lease across Continental Europe (including Germany, France, Italy, Spain and Benelux) where it is the market leader amongst the privately-owned rolling stock lessors.
Alpha Trains participates in the annual GRESB survey – a leading Environmental, Social and Governance (ESG) benchmark for infrastructure investments across the world – and has been ranked first among their peers in the global diversified infrastructure funds and rolling stock asset class categories, respectively.

See press release

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