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Caisse de Prévoyance de l’Etat de Genève (CPEG)
CPEG was created in 2014 when the Caisse de Prévoyance du Canton de Genève (CEH) and the Caisse de Retraite du Personnel de l'Etat de Genève (CIA) merged.
Caisse de Prévoyance de l’Etat de Genève (CPEG)
CPEG was created in 2014 when the Caisse de Prévoyance du Canton de Genève (CEH) and the Caisse de Retraite du Personnel de l'Etat de Genève (CIA) merged. Jacqueline Curzon chairs the board, Christophe Décor serves as CEO, and Grégoire Haenni directs the investment office — a compact public trio governing the retirement capital of Geneva's civil servants. The merger consolidated a fragmented regional pension landscape into a single institutional allocator with significant local economic influence. The fund blends direct real estate ownership with private equity commitments. Its direct portfolio is anchored by major Geneva residential and commercial developments, including Quai Vernets, the Pont-Rouge Esplanade, and the large-scale Les Grands-Esserts and Les Sciers residential projects. Alongside bricks and mortar, CPEG manages a mortgage portfolio and commits capital to buyout strategies. Haenni's public profile aligns the fund with climate-aware investing; he serves as vice-chair of the Institutional Investors Group on Climate Change, and CPEG holds memberships in both the UN's Principles for Responsible Investment and Swiss Sustainable Finance. With an estimated AUM north of $25.5 billion, CPEG operates as a concentrated asset owner without satellite offices. The team's known operational scope covers portfolio management, direct real estate development, and governance of adjacent vehicles, including Fondation Résidences Prendre Soin et Accompagner, a social care foundation. In 2024, Haenni deepened the fund's Paris-aligned positioning through his ongoing IIGCC leadership role, reinforcing CPEG's influence in European pension climate circles. The fund's structural differentiator is its dual role as developer and allocator inside a contained geographic market. Unlike national pension funds that diversify purely through financial instruments, CPEG directly shapes Geneva's housing stock while selectively deploying into buyout funds — making its performance legible in the physical footprint of a single Swiss city.
General information
Firm type
Pension Fund
Year founded
2014
AUM
Over $25B (Altss estimate)
Location
Region
Europe
Country
Switzerland
City
Geneva
Corporate office
Geneva 8, Switzerland
Principals
Grégoire Haenni
Chief Investment Officer
Christophe Décor
Chief Executive Officer
Jacqueline Curzon
Chair of the Board
Sector focus
Frequently asked questions
Who leads investment decisions at CPEG?
Grégoire Haenni serves as Chief Investment Officer, overseeing the fund's allocation strategy across real estate, private equity, and other asset classes. He also represents the fund externally as vice-chair of the Institutional Investors Group on Climate Change, which signals CPEG's integration of climate risk into portfolio construction. The full executive team includes CEO Christophe Décor and Board Chair Jacqueline Curzon.
How does CPEG's real estate portfolio differ from its private equity commitments?
CPEG operates a sizable direct real estate portfolio concentrated in Geneva, managing residential and commercial properties including Quai Vernets, Pont-Rouge, and Les Grands-Esserts. This direct ownership gives the fund a physical, local exposure. Private equity commitments, by contrast, flow into external buyout funds, offering diversification beyond the Swiss property market.
Is CPEG subject to Swiss sustainable finance regulation?
While Switzerland's sustainable finance framework continues to evolve, CPEG has voluntarily adopted climate-aligned governance. The fund is a member of Swiss Sustainable Finance, the UN's PRI, and the IIGCC, where its CIO holds a leadership role — embedding sustainability reporting and engagement across the portfolio beyond minimum statutory requirements.
Does CPEG co-invest directly in private companies, or does it only commit to funds?
The core real estate strategy is fully direct: CPEG develops and holds residential and commercial property on its own balance sheet. In private equity, the fund predominantly commits to buyout vehicles. There is limited public evidence that CPEG regularly pursues direct co-investment in operating companies alongside its fund commitments.
How is CPEG connected to the Fondation Résidences Prendre Soin et Accompagner?
Fondation Résidences Prendre Soin et Accompagner is an associated philanthropic and operational foundation linked to CPEG's broader social mandate. It sits adjacent to the core pension fund, providing care-focused residential services that complement CPEG's direct real estate footprint across Geneva.
What geographic reach does CPEG have outside Geneva?
The fund's real estate holdings and mortgage portfolio are overwhelmingly concentrated in Geneva, reflecting its mandate to serve cantonal employees. Private equity commitments likely reach European and global markets through the buyout funds it selects, but CPEG maintains no disclosed satellite offices outside its Geneva 8 headquarters.
What role does CPEG play in the Institutional Investors Group on Climate Change?
CIO Grégoire Haenni holds the vice-chair position at IIGCC, a network of European institutional investors focused on net-zero alignment. This role places CPEG inside the governance layer of one of the continent's most influential climate-finance bodies, giving the fund voice on policy engagement and collaborative engagement with portfolio companies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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