Banco Sabadell Employees' Pension Fund

Banco Sabadell Employees' Pension Fund

The pension fund was established in 1995 to serve employees of Banco Sabadell, S.A. It operates through sub-funds including G.M. Pensiones, F.P. and MF2000 Pension Fund. Sabadell Asset Management handles day-to-day investment management following the 2020 acquisition by Amundi. The fund pursues a fund-of-funds approach alongside direct holdings in private equity and venture vehicles. Confirmed commitments include positions in Aurica Capital and BSCapital. Geographic exposure centers on Spain with additional allocations to European and global managers. It maintains a target private-equity weight of 6 percent. The fund signed the UN PRI in 2020 for its MF2000 and GM sub-funds. It also participates in the Equator Principles and has reported to the Carbon Disclosure Project since 2012. In February 2026 it spoke at an industry event in Madrid on private equity allocation for pension funds under IORP II and Solvency II. Governance ties the fund directly to its sponsoring employer Banco Sabadell, S.A. with trade-union involvement from Comisiones Obreras. Asset custody sits with BNP Paribas and audit with PwC.