# Aargauische Pensionskasse (APK)

Aargauische Pensionskasse (APK) is a Pension Fund based in Aarau, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Aarau, Switzerland
- **Region:** Europe
- **Address:** Aarau, Switzerland
- **Founded:** 1908
- **Assets under management:** Undisclosed
- **Website:** https://apk.ch
- **LinkedIn:** https://linkedin.com/company/aargauische-pensionskasse

## Regulatory record

- **Reports private funds:** No

## About

Aargauische Pensionskasse was established as a public-law institution to serve employees of the Canton of Aargau. The Canton acts as the legal carrier of the fund. The portfolio allocates across Swiss real estate, mortgages and loans, diversified commodities, and listed equities benchmarked to the Swiss Performance Index and MSCI World ex Switzerland Low Carbon Target. In 2022 the fund transferred a direct real estate portfolio valued at approximately $900 million to Pensimo-managed investment groups. It maintains active limited-partner positions in infrastructure vehicles including APG Infrastructure Asset Owner Fund III, Avadis Clean Energy Infrastructure, and IFM Investors Infrastructure Fund. The fund reported total assets of $14.9 billion. It maintains memberships in ASIP, the Ethos Foundation, and IIGCC. In May 2024 it attended the ASIP ESG Reporting Standard Launch. Service providers include AON Schweiz AG for actuarial work, KPMG AG as auditor, and Ethos Services SA for ESG advisory and proxy voting. The fund operates under Swiss public-pension governance with the Canton of Aargau as founder and carrier, creating a direct statutory relationship that shapes mandate and oversight.

## Sectors

- Real Estate
- Infrastructure
- Energy Transition & Renewables

## Questions

### What asset classes appear in the fund's portfolio?

Holdings include direct real estate in Switzerland, mortgages and loans, diversified commodities, Swiss and foreign equities, and infrastructure co-investments.

### Does the fund participate in infrastructure programs?

Yes. It holds limited-partner interests in APG Infrastructure Asset Owner Fund III, Avadis Clean Energy Infrastructure, and IFM Investors Infrastructure Fund.

### Which organizations does the fund belong to?

Memberships include ASIP, the Ethos Foundation, and IIGCC.

## Related profiles

- [South Yorkshire Pensions Authority](https://altss.com/profile/south-yorkshire-pensions-authority)
- [Afore Azteca Pension Scheme](https://altss.com/profile/afore-azteca-pension-scheme)

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Last updated: 2026-06-03T20:00:00.000Z

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