European asset owners, along with the banking sector and governments, are providing liquidity to keep their portfolio companies operating during the COVID-19 pandemic, attendees heard Thursday during a Pensions & Investments webinar.
During the webinar, titled "Time to Futureproof Retirement: A new approach for a new decade — what can pensions do now?" a panel of investors agreed that institutional investors should help businesses hurt by the crisis to recover by providing capital.
"A lot of companies are in survival mode and we have every interest to make them succeed," said Thijs Knaap, senior strategist at APG Asset Management, the manager of €420 billion ($466 billion) Stichting Pensioenfonds ABP, Heerlen, Netherlands.
APG offers emergency cash to portfolio companies and does not pressure companies to meet long-term engagement goals as they are battling the immediate impact of the pandemic, Mr. Knapp said.