Caisse Inter-Entreprise de Prévoyance Professionnelle (CIEPP)

Caisse Inter-Entreprise de Prévoyance Professionnelle (CIEPP)

Founded in 1960 by the Fédération des Entreprises Romandes (FER Genève), CIEPP operates as a non-profit, autonomous private-law foundation delivering mandatory occupational pension solutions. It covers more than 10,000 companies and self-employed professionals, making it the dominant second-pillar provider across Suisse romande. The fund is overseen by a board led by Chairman Aldo Ferrari and Vice-Chairman Ivan Slatkine, who also heads the founding employer association FER Genève. CIEPP's investment strategy spans listed equities, fixed income, real assets, and private markets, with a known appetite for direct venture exposure across stages from early-seed through late-stage and growth. Direct real estate forms a visible anchor: the fund owns its Rue de Saint-Jean 67 headquarters in Geneva and the mixed-use Campus Spark development in Plan-les-Ouates. Its alternative holdings are notable for a Swiss pension fund, with confirmed positions in Bitcoin and gold, supplementing a venture portfolio that extends to venture debt. With an estimated $10.4B in assets, the fund applies the ASIP code of conduct and has been a member of the Ethos Foundation since 2011, signaling a formalized commitment to Swiss stewardship principles. CIEPP is also a participating investor in Climate Action 100+, placing it among the institutional names engaging the world's largest corporate emitters. Day-to-day operations are managed under Director José Agrelo, while the fund's cost structure is publicly characterized by very low management fees and a high funding ratio — though specific ratios remain published only in French- and German-language annual reports. CIEPP's structural differentiator lies in its dual identity: it functions as a collective foundation legally required to compete for employer mandates like any commercial provider, yet it retains the cost and governance profile of a paritarian, non-profit entity. That competitive posture, combined with an unorthodox allocation to digital assets within a classic defined-contribution framework, creates an investment profile more commonly associated with a single-family office than a second-pillar pension fund.