# Caisse des Retraites du Sénat

Caisse des Retraites du Sénat is a Pension Fund based in Paris, France.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Paris, France
- **Region:** Europe
- **Address:** 15 Rue de Vaugirard, 75291 Paris, France
- **Founded:** 1905
- **Assets under management:** 2161 (Altss estimate)
- **Website:** senat.fr
- **LinkedIn:** https://www.senat.fr

## Regulatory record

- **Reports private funds:** No

## About

The Caisse des Retraites du Sénat was established in 1905 to administer the retirement benefits of France's Senators. It is an autonomous legal entity, governed entirely within the Senate under the authority of the three Questeurs, who are responsible for the upper chamber's administrative and financial management. The fund receives no financial support from the French State or other public social-protection schemes; its resources come solely from Senatorial contributions, employer contributions paid by the Senate, and investment income. Asset management is split between a directly held real-estate portfolio concentrated in Paris's 5th, 6th, and 7th arrondissements and a diversified financial-reserve book. The property holdings include the Musée du Luxembourg, a collection of mixed-use residential, office buildings on Rue Bonaparte and Rue Garancière. The fund's investment strategy extends to private equity and venture capital, covering early-stage, expansion-stage, and late-stage commitments, typically accessed through fund structures and co-investments rather than direct majority deals. The Caisse des Dépôts et Consignations frequently appears as a co-investor and service provider on French public-pension mandates. The fund does not publish its total assets. Altss estimates AUM of roughly $2.1 billion based on the scale of its Parisian real-estate footprint and financial-reserve disclosures. The Caisse participates actively in the Association française des investisseurs institutionnels (Af2i), with its team contributing to ESG and investment-strategy working groups. As of mid-2026, the Senate continues to operate under the presidency of Gérard Larcher, whose administration oversees the fund's governance. The Caisse's structural distinction is its total institutional isolation: it is a pension scheme for a single constitutional body, funded exclusively by that body and its members, and managed inside the same building where the legislature sits. Other public schemes rely on demographic pooling or state guarantees; this one runs on Senate contributions and the rent rolls of a few dozen buildings within walking distance of the hemicycle.

## Sectors

- Real Estate
- Private Equity
- Public Equities
- Fixed Income

## People

- Gérard Larcher — President of the French Senate

## Questions

### Who runs investment decisions at the Caisse des Retraites du Sénat?

Investment governance sits with the three Questeurs du Sénat, the Senators charged with the chamber's administrative and financial affairs. They operate under the authority of the Senate President, currently Gérard Larcher. Day-to-day asset management is handled internally and through external mandates, with the Caisse des Dépôts et Consignations (CDC) frequently acting as a service provider and co-investor.

### Is the Caisse des Retraites du Sénat part of the French national pension system?

No. The Caisse is an autonomous fund established in 1905 exclusively for Senators. It receives no financial transfers from the French State or other social-protection schemes. Its funding comes entirely from contributions paid by Senators and the Senate as employer, supplemented by investment returns.

### What role does the Caisse des Dépôts et Consignations play?

CDC is a frequent co-investor and service provider for the Caisse. The two institutions overlap on infrastructure, real estate, and private-equity mandates, and CDC's administrative platform has historically been used by French public pension schemes for treasury and asset-servicing functions.

### Does the fund publish its AUM?

The Caisse does not publicly disclose a consolidated AUM figure. Altss estimates total assets in the range of $2.0 billion to $2.5 billion, derived from the real-estate portfolio's scale and the fund's financial-reserve disclosures.

### How are Senators' contributions determined?

Contributions are set by the Senate's own governance rules and are paid by individual Senators as well as by the Senate in its capacity as employer. The precise contribution rates are not published externally, but the regime is designed to be self-financing, with no subsidy from taxpayers or the broader French pension system.

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Last updated: 2026-07-06T00:31:56.422Z

Canonical page: https://altss.com/profile/caisse-des-retraites-du-s-nat

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology