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Test Investment Director

  • Application Deadline: Aug. 16, 2026
  • Zeist
  • Hybrid
  • Monthly salary: €10,443 - €14,919
  • Application Deadline: Aug. 16, 2026
  • Zeist
  • Hybrid
  • Monthly salary: €10,443 - €14,919

Your role

We are seeking a dynamic and experienced Investment Director to help drive the newly established PGGM Climate & Energy Transition Solutions (CETS) investment mandate. This is a unique opportunity to play a leading role in deploying capital into scalable, high impact companies and projects that accelerate Europe’s transition to a netzero economy. You will partner with entrepreneurial management teams who are building real, tangible solutions for the energy transition.

As a senior member of the team, you will take ownership of the full investment cycle: sourcing, evaluating, structuring, executing, and managing predominantly direct investments across the energy transition landscape. Directors are expected to play a key role in shaping the team’s development, strengthening internal capabilities, positioning the team internally and externally, as well as contributing to the overall portfolio construction.

The ideal candidate combines deep sector expertise with a strong investment track record and brings a genuine passion for enabling the climate transition. You take ownership and are motivated by the opportunity to build long-term value and positive impact.

The Investment Director's key responsibilities include:

Strategic Leadership

  • Identify priority thematic areas and emerging technologies with strong risk-adjusted return potential and meaningful climate impact.
  • Help shape strategic perspectives on market developments and sector positioning across the energy transition.
  • Contribute to the development of overall fund strategy, including portfolio construction, risk management, and internal stakeholder alignment.

Deal Origination & Execution

  • Lead the sourcing of high-quality direct investment opportunities across relevant (see below list) sectors and geographies.
  • Build and maintain strong relationships with entrepreneurs, co-investors, advisors, and other strategic partners.
  • Oversee due diligence processes, including commercial, financial, technical, climate impact (ESG), and legal workstreams.
  • Structure and negotiate investment terms, lead deal the execution process, and cooperate with internal stakeholders to achieve optimal outcomes for our client PFZW.

Asset Management

  • Monitor portfolio performance and work closely with management teams to drive value creation and operational excellence.
  • Provide active governance through board participation and strategic support at key decision points.
  • Evaluate and execute follow-on investments and manage exit processes to optimize risk adjusted returns.

Team Leadership & Representation

  • Mentor, guide, and develop junior team members, fostering a collaborative and high performance culture.
  • Represent the firm in industry events, investor meetings, and public engagements.
  • Act as an ambassador for the mandate’s mission, values, and impact objectives within the broader energy transition community.

Your department

PGGM is a Dutch pension fund service provider responsible for managing the pensions for different pension funds, their affiliated employers and employees, with more than €250 billion assets under management.

Climate and Energy Transition Solutions (CETS) is a €1 billion investment strategy of PGGM, launched in 2024. The strategy was established to invest in companies where climate impact is embedded in the core of the business and scales alongside commercial success. Approximately €800 million is allocated to direct equity investments managed by the team.

CETS focuses on opportunities across areas such as grid solutions, energy efficiency, circularity, sustainable fuels and carbon solutions. The team invests across growth equity and more asset backed strategies, partnering closely with founders and management teams as companies move from initial commercial deployment towards scalable growth.

Since its launch, CETS has built a portfolio of five companies. The team is growing and currently consists of four investment professionals. CETS works closely with the PGGM’s Infrastructure and Private Equity teams and invests primarily in developed European markets, with a strong focus on the Netherlands.

Skills & Requirements

Your profile

Essential Experience

  • 12+ years of experience in private equity, growth capital, venture capital, or principal investing roles.
  • Deep understanding of climate and energy transition markets, including trends, technologies, and regulatory frameworks.
  • Proven track record in sourcing and executing direct investments, ideally in climate tech or energy transition sectors.
  • Hands-on experience in supporting early stage and growth-stage companies, including FOAKs, guiding them through strategic development and operational scaling to achieve EBITDA positive performance

Strong understanding of business models and value chains in one or more of the following:

  • Renewable energy (e.g., solar, wind, storage)
  • Electrification and grid solutions
  • Sustainable fuels (e.g., green hydrogen, biofuels)
  • Circularity (e.g. recycling, more energy efficient solutions)
  • Carbon capture, utilization and storage (CCUS) or carbon market

Skills & Attributes

  • Strong financial modelling, valuation, and structuring skills.
  • Excellent negotiation, communication, and interpersonal skills.
  • Strategic thinker with entrepreneurial mindset and hands-on approach.
  • Deep commitment to sustainability, climate impact, and ESG integration.

Preferred Qualifications

  • Advanced degree in Finance, Economics, Engineering, Environmental Science, or a related field.
  • CFA, MBA, or other relevant professional credentials.
  • Multilingual and/or international investment experience is a plus.

We offer

At PGGM we are proud of our core values: trust, teamwork and innovation. These values arose from the best stories of our colleagues, moments when they were at their best. We believe those moments occur when you can be 100% yourself. At PGGM, we value the unique combination of your personal and professional attributes. Because what really counts at PGGM are people, one hundred percent! At PGGM, you can count on:

  • A pleasant workplace at our office in Zeist and, from the middle of 2028, in the center of Utrecht.
  • A gross monthly salary in scale between €`10.443,- and €14.919,- based on 36 hours, depending on your knowledge and experience.
  • A thirteenth month.
  • A good pension scheme as a member of the PFZW pension fund (71% paid by PGGM, 29% by the employee).
  • An annual Fit for the Future budget of €300 net, which you can use to improve your mental, physical, or financial fitness.
  • A generous training budget for internal and external training courses or education.
  • More than 26 vacation days (employees can choose to swap up to two national Christian holidays for a day that is important to them).
  • Flexibility in working hours and working from home options.
  • A net internet allowance of €45 per month (€540 per year).
  • Group discount on supplementary health insurance (21% in 2024) and dental insurance (15% in 2024).
  • A work-from-home arrangement with a maximum allowance of €900 to set up a health and safety-compliant home office.

You can find more information about our terms of employment and salary scales in our collective labor agreement: read more

Meer weten?


Investment Director: your new role at PGGM?
Would you like to join us as an Investment Director and share the responsibility of ensuring a good pension for more than 5.6 million pension participants? Then apply for this vacancy.
Do you have any questions? Please contact recruiter Dennis Derks via dennis.derkss@pggm.nl.
More information about the application process can be found on our website: Our application procedure | PGGM.

PGGM and Hybrid Working


At PGGM, we have created a hybrid working environment that enables us to combine flexibility with collaboration. Our employees have the opportunity to work both in the office and remotely, depending on their personal preferences and the nature of their work. By offering hybrid working, we aim to give our employees the freedom to shape their own working style, while at the same time retaining the benefits of a shared workplace.

Application Process


Upon receiving your application, we will follow a number of steps to see if we are a good match for each other. During the recruitment and selection process for new employees, PGGM collects and processes personal data, which may also include reviewing social media profiles. PGGM believes it is highly important that this is done carefully, confidentially, transparently, and in accordance with the General Data Protection Regulation (GDPR) and related laws and regulations. Please read this document to understand what happens to your personal data.

Note to Agencies and Intermediaries
We are aware that many external parties would like to assist in our search or offer their services for this vacancy; however, at PGGM, we recruit our new colleagues directly. Acquisition regarding recruitment and selection assignments or unsolicited CV submissions are therefore not appreciated and will not be processed. Should we require external support, we will contact you directly.

We always communicate via official PGGM email addresses (@pggm.nl). Have you been approached by a third party and/or do you doubt whether the contact is genuinely on behalf of PGGM? Please feel free to verify if there is indeed a legitimate partnership with third parties by sending us an email or giving us a call.

About the company

We zetten ons in voor een betaalbaar, goed en duurzaam pensioen voor pensioenfondsen - onze opdrachtgevers - en hun deelnemers. Daarnaast dragen we bij aan een leefbare wereld, gezond werken en vitaal ouder worden.

We zijn een coöperatieve pensioenuitvoeringsorganisatie zonder winstoogmerk. We bieden onze klanten pensioenbeheer, vermogensbeheer en beleidsadvisering. PGGM beheert de pensioenen van verschillende pensioenfondsen, de daarbij aangesloten werkgevers en hun werknemers.

Hiring manager photo

Dennis Derks | Contact Person

I'm interested
PGGM

Zeist | Hybrid
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