The second fund is from Hg Renewable Power Partners, in which PGGM has also invested EUR 50 million on behalf of one of its clients. As of the end of 2010, 9% of the infrastructure portfolio was invested in sustainable energy (amounting to 17.5% of committed capital). Unlike pension funds which are asset owners, in addition to their own assets arising from their life insurance and annuity business, insurance companies are also asset managers, investing money for external clients as well as their own parent insurance company funds. This makes it difficult to get a holistic view of how much in terms of green assets an insurance company is in total exposed to.