APG Acquires 37.5% Stake in NorthC from Antin Infrastructure Partners

APG has invested in NorthC, a European data center company, acquiring a 37.5% stake from Antin Infrastructure Partners. The investment is made on behalf of its client ABP and Swiss pension partners. NorthC was established in 2019 from the merger of TDCG and NLDC. Antin acquired NorthC in December 2025 from DWS.

Published Mar 25, 2026

APG has agreed to acquire a 37.5% stake in NorthC, a European data center firm, from Antin Infrastructure Partners. This investment is made on behalf of APG's pension fund client ABP and Swiss pension fund partners.

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NorthC was formed in 2019 through the merger of TDCG and NLDC, which was originally a subsidiary of KPN. Antin Infrastructure Partners purchased NorthC in December 2025 from DWS. APG has previously invested in data centers, including a 20% stake in OneAsia in 2021 and a stake in euNetworks in 2023.