Dutch pension fund manager PGGM has hired two staff to its in-house private equity team, including a portfolio manager from fellow Dutch manager APG.

PGGM confirmed to Financial News that Carlos Garcia Rivas joined on September 1 as an associate, having previously spent two-and-a-half years at APG. It has also hired Elisabeth Villas, who previously spent almost five years in Rabobank food and agriculture mergers and acquisitions team.