# APG Asset Management US, Inc

> APG Asset Management US, Inc is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 25, 2026.

- CRD: 160795
- Filed as: APG ASSET MANAGEMENT US, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160795
- AdvisorCensus page: https://advisorcensus.com/firm/apg-asset-management-us-inc-new-york-ny-160795

## Quick answers

**How is APG Asset Management US, Inc compensated?**
On its Form ADV (Item 5.E, October 2026), APG Asset Management US, Inc reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is APG Asset Management US, Inc located?**
APG Asset Management US, Inc's principal office is in New York, NY, according to its Form ADV.

**Is APG Asset Management US, Inc registered with the SEC or a state?**
APG Asset Management US, Inc is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 160795.

**How much does APG Asset Management US, Inc manage?**
APG Asset Management US, Inc reports $141,326,309,861 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (38% discretionary).

**How have APG Asset Management US, Inc's assets and staff changed since 2021?**
In the Form ADV data for APG Asset Management US, Inc: Regulatory assets under management: $161,799,947,027 in the October 2021 data and $141,326,309,861 in the October 2026 data, down 13%. Total employees: 165 in October 2021 and 183 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does APG Asset Management US, Inc serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does APG Asset Management US, Inc use?**
APG Asset Management US, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street as a custodian holding 10% or more of its separately managed account assets.

**Does APG Asset Management US, Inc report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/160795

**What changed in APG Asset Management US, Inc's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 104 to 100.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Other

### Custodians (Schedule D, Section 5.K(3))
- State Street

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $141,326,309,861
- Discretionary: $53,964,805,343
- Non-discretionary: $87,361,504,518

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $86,957,793,112 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $54,368,516,749 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 183 total, 100 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $161,799,947,027 | 165 | June 29, 2021 |
| October 2022 | $186,715,217,058 | 171 | June 29, 2022 |
| October 2023 | $140,945,050,868 | 181 | June 15, 2023 |
| October 2024 | $164,116,838,385 | 185 | March 28, 2024 |
| October 2025 | $150,653,595,205 | 189 | March 27, 2025 |
| October 2026 | $141,326,309,861 | 183 | March 25, 2026 |

Regulatory assets under management: $161,799,947,027 in the October 2021 data and $141,326,309,861 in the October 2026 data, down 13%.
Total employees: 165 in October 2021 and 183 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 104 to 100.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. APG Asset Management US, Inc (CRD 160795): Form ADV filing data as of October 2026.