Achmea Investment Management

What Achmea Investment Management does

Achmea Investment Management B.V. is a Dutch fiduciary management and impact investing firm, wholly owned by the Achmea B.V. insurance and financial services conglomerate. Founded in 2016 and headquartered in Zeist, Netherlands, the firm operates under AFM license 15001209 (article 2:65a of the Wet op het financieel toezicht) and serves Dutch pension funds and professional/institutional investors. Its core offerings are fiduciary management (portfolio construction, risk management, asset management), liability-driven investment (LDI) solutions run by a team of more than 20 specialists covering €134 billion in client liabilities with over 70% hedge effectiveness, and impact investing advisory services.

The firm's product shelf includes more than 20 investment funds spanning euro government and corporate bonds, green and ESG-transition bond and equity funds, emerging markets debt, overlay funds with 10-to-50-year duration profiles, commodity and infrastructure funds, and impact private debt and private equity partnerships. For retail investors it offers the multi-risk-profile Eagle Fund and the Achmea Mixfonds series. Distribution is direct and sales-led, targeting enterprise pension funds and large institutional investors in the Netherlands, supported by content marketing through investment letters, white papers, and quarterly updates.

Revenue is generated through recurring, quote-based institutional fees on fiduciary mandates, LDI overlays, and pooled fund vehicles; the firm also earns carry or participation economics via anchor commitments to impact funds such as Conservation Resources' Farmland II and Generation Investment Management's land-restoration venture. The firm is geographically concentrated in the Netherlands, with explicit service restrictions in the US and the rest of the EEA, making it a domestic specialist with selective international ecosystem partnerships rather than a global asset manager.

Name

Achmea Investment Management

Legal name

Achmea Investment Management B.V.

Website

https://achmeainvestmentmanagement.nl

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Achmea Investment Management is a Dutch AFM-licensed fiduciary manager and impact investor serving Dutch pension funds and institutional clients with portfolio construction, LDI solutions covering €134 billion in liabilities, and a broad range of investment funds.

Ownership category

akta.pro rank

Product category

Fiduciary and Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

akta.pro secondary industries

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Fiduciary management services
• Investment management solutions
• Liability driven investments
• Impact investing advisory
• Pension fund management

Headquarters

HQ city

Zeist

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Fiduciary Management Services: Provides fiduciary management services to pension funds and institutional investors including portfolio construction, risk management, and investment management solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Achmea Investment Management provides future-oriented portfolio construction, risk management, and asset management solutions through its fiduciary management services, impact investing advisory, and Liability Driven Investment (LDI) solutions to Dutch pension funds and institutional clients. The firm also distributes a broad range of investment funds (fixed income, equities, green bonds, emerging markets, climate infrastructure, private debt, overlay LDI) and retail offerings such as the Eagle Fund and Achmea Mixfonds series.

Product overview

Achmea Investment Management is a Dutch investment management firm offering fiduciary management services, impact investing solutions, and a comprehensive range of investment funds. The firm provides institutional investors (pension funds, insurers) with portfolio construction, risk management, and asset management solutions, as well as Liability Driven Investment (LDI) strategies. For retail investors, it offers the Eagle Fund and Achmea Mixfonds series with various risk profiles. The investment fund portfolio spans fixed income (government bonds, corporate bonds, green bonds, emerging market debt), equities (global, emerging markets, ESG transition themes), alternatives (commodities, infrastructure, private debt), and overlay funds for LDI purposes.

Differentiator

Problem solved

Functional benefit

Brands

• Eagle Fund: Investment fund offered to private investors with multiple share classes (Zeer Defensief, Defensief, Neutraal, Gematigd Offensief, Offensief, Zeer Offensief).

Products and services

• Fiduciaire dienstverlening (Fiduciary Management)

Quantifiable outcome

• €134 billion in pension liabilities hedged for clients
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• AoncoreImplementation/ SI/ Consulting Partner · 20 March 2026Aon advised Achmea Pension & Life Insurance on the €8 billion longevity transaction with Munich Re and Pacific Life Re, including legal advisory services.
• LGT Capital PartnerscoreStrategic or Co-development PartnerAchmea Investment Management formed a strategic partnership with LGT Capital Partners for investment management services.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• APG: APG is the largest Dutch pension fiduciary and asset manager, administering assets for Dutch pension funds including ABP. Directly comparable to Achmea IM in fiduciary management and pension-focused investment solutions within the Netherlands.
• PGGM: PGGM is a Dutch cooperative providing fiduciary management, asset management and pension administration for PFZW and other Dutch pension funds. Closely matches Achmea IM's institutional pension client base and fiduciary mandate offerings.
• MN: MN is a Dutch pension fiduciary and asset manager serving pension funds in the Netherlands with portfolio construction, risk management and asset management services — a near-direct functional analogue to Achmea IM.
• Cardano: Cardano is a Dutch specialist in fiduciary management and investment advisory for pension schemes, with a comparable focus on liability-driven investing and risk management for Dutch institutional clients.
• Robeco: Robeco is a Dutch-origin global asset manager with strong institutional and ESG capabilities, including equity, fixed income and sustainable investing offerings that overlap with Achmea IM's product shelf.

Broad incumbents

• Mercer: Mercer (Marsh McLennan) is a global investment consulting and fiduciary management provider serving Dutch and European pension funds. Comparable to Achmea IM in fiduciary mandates and institutional advisory, but with broader geographic reach.
• Aon: Aon is a global professional services firm offering investment consulting, fiduciary management and reinsurance advisory (it advised Achmea on the €8B longevity reinsurance). Comparable as a competitor and counterparty in Dutch pension risk transfer and fiduciary mandates.
• Willis Towers Watson (WTW): WTW provides investment consulting, fiduciary management and pension risk transfer advisory globally, competing directly with Achmea IM for Dutch pension fund mandates on portfolio construction and LDI advisory.
• BlackRock: BlackRock is the world's largest asset manager with institutional LDI, fixed income and ESG offerings. Represents a broad competitive threat to Achmea IM in Dutch pension mandates where global scale and product breadth are valued.
• Northern Trust: Northern Trust provides asset management, custody and investment operations for institutional investors including European pension funds. Comparable to Achmea IM in serving large pension schemes with multi-asset mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/achmea-investment-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Achmea Investment Management