# AFIAA

AFIAA is an Asset Manager based in Zurich, Switzerland.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Zurich, Switzerland
- **Region:** Europe
- **Address:** Zurich, Switzerland
- **Founded:** 1925
- **Assets under management:** Undisclosed
- **Website:** afiaa.com
- **LinkedIn:** https://www.linkedin.com/company/afiaa

## Regulatory record

- **Reports private funds:** No

## About

AFIAA Anlagestiftung für Immobilienanlagen im Ausland is an investment foundation for real estate investments abroad, founded in 2004 and based in Zurich, Switzerland. It is subject to Swiss law under the Federal Act on Occupational Pensions (BVG) and supervised by OAK BV. It is a competence centre for foreign real estate investments; its products are exclusively for tax-exempt pension funds under Swiss law. AFIAA pursues sustainable cost leadership and stable income development, enabling investors to diversify existing real estate portfolios with foreign real estate directly or indirectly.

## Sectors

- Real Estate

## Offices

- New York, NY, United States

## People

- Vögeli Andreas F. (Stiftungsrat)
- Decoppet Marçal (Stiftungsrat)
- Georges Jean-Bernard (Stiftungsrat)
- Jeger Susanne (Stiftungsrat)
- Metry Marcel (Stiftungsrat)
- Tobler Damian (Stiftungsrat)
- Feix Sebastian (Geschäftsführung)
- Kloess Stephan — Dr. (Investment Committee)
- Schneuwly Cyrill (Investment Committee)
- Berni Fabian (Investment Committee)
- Pridgeon Charles (Investment Committee)
- Reich Floyd Claudia (Investment Committee)
- Schädle Stefan (Investment Committee)

## Questions

### Who governs investment decisions at AFIAA?

AFIAA is governed by a foundation board elected from its 33 member pension funds. Day-to-day investment and asset-management decisions are executed by the executive management team in Zurich, with local oversight from the New York subsidiary for the Americas portfolio. Investment strategy, country allocations, and major acquisitions require board approval, ensuring the member institutions retain direct fiduciary control over the foundation's direction.

### How does AFIAA source its real estate deals?

AFIAA sources through a combination of JV partnerships with local operators in core markets, bilateral negotiations using its New York and Zurich teams, and off-market intros from advisory networks built over decades. The foundation's permanent-capital structure allows it to move quickly on acquisitions without the fundraising cycle constraints of a closed-end fund.

### Does AFIAA participate in fund commitments or only direct deals?

AFIAA invests directly in real estate assets, not through third-party fund commitments. It sometimes uses joint-venture structures and club deals to co-invest alongside like-minded institutional partners, particularly in Australia where it has partnered with local superannuation funds. The foundation does not allocate to externally managed commingled real estate funds.

### Which currencies and regions does AFIAA hedge?

AFIAA systematically hedges foreign-currency exposure back to the Swiss franc across its portfolio, given that its liabilities to member pension funds are CHF-denominated. The foundation invests actively in North America, Europe, Australia, and Asia, with the hedging overlay managed as a core risk function rather than a tactical overlay.

### How is AFIAA related to the Swiss pension system?

AFIAA is a direct extension of the Swiss second-pillar occupational pension system. Its 33 member institutions are Swiss pension funds and social-security funds that collectively own and govern the foundation. AFIAA's sole purpose is to provide these members with diversified foreign real estate exposure, managed within the investment regulations Swiss pension law imposes on tax-exempt collective schemes.

### What is AFIAA's posture on co-investments alongside external managers?

AFIAA will co-invest with domestic institutional partners in certain markets — notably with Australian superannuation funds — but it does not serve as a passive LP in externally sponsored vehicles. The foundation's preference is to retain direct control over asset selection and management, even within co-ownership structures, rather than delegating investment discretion to a third-party GP.

## Related profiles

- [AFH Wealth Management](https://altss.com/profile/afh-wealth-management)
- [Afia Capital](https://altss.com/profile/afia-capital)

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Last updated: 2026-08-11T15:05:57.154Z

Canonical page: https://altss.com/profile/afiaa

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