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Caisse Inter-Entreprise de Prévoyance Professionnelle (CIEPP)
Aldo Ferrari chairs CIEPP, the largest private-law pension foundation in Suisse romande, managing an estimated $10.4B with direct Bitcoin and gold...
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.
General information
Firm type
Pension Fund
Year founded
1960
AUM
$10.4B (Altss estimate)
Location
Region
Europe
Country
Switzerland
City
Geneva
Corporate office
Rue de Saint-Jean 67, 1211 Geneva, Switzerland
Additional offices
Plan-les-Ouates, Geneva
Principals
Aldo Ferrari
Chairman of the Board of Trustees
Ivan Slatkine
Vice-Chairman of the Board of Trustees and President of FER Genève
José Agrelo
Director
Sector focus
Frequently asked questions
Who runs investment decisions at CIEPP?
The Board of Trustees, chaired by Aldo Ferrari and vice-chaired by Ivan Slatkine, bears ultimate responsibility for the fund's investment strategy. Day-to-day operational execution sits with Director José Agrelo. CIEPP publishes its investment policy and annual reports, but individual mandate managers or an internal investment committee structure are not publicly detailed.
Is CIEPP a public-sector or private-sector pension fund?
CIEPP is a private-sector, autonomous collective foundation. Despite its large scale and non-profit status, it competes for employer mandates under Switzerland's second-pillar occupational pension system. Its founding entity is FER Genève, the regional chapter of the Fédération des Entreprises Romandes, which remains closely tied to its governance.
Does CIEPP make direct venture capital investments or only fund commitments?
CIEPP pursues direct venture capital exposure, actively deploying across early-stage, seed, startup, growth, and late-stage venture in addition to venture debt. The breadth suggests either an internal direct-investment program or a mix of direct deals and GP commitments, though the specific split is not publicly enumerated.
Does CIEPP have exposure to digital assets?
Yes. CIEPP holds confirmed direct positions in Bitcoin, alongside gold. For a Swiss collective foundation regulated under the BVG, this represents a deliberately unconventional allocation that differentiates the fund from the majority of its second-pillar peers.
How is CIEPP related to FER Genève?
FER Genève and its member federations founded CIEPP in 1960. The president of FER Genève, Ivan Slatkine, serves as Vice-Chairman of CIEPP's Board of Trustees, embedding the employer association directly in the foundation's governance. This structural link means CIEPP's product design and policy engagement are aligned with the interests of Romand employers.
What is CIEPP's posture on sustainable or responsible investing?
CIEPP has been a member of the Ethos Foundation — the Swiss institutional stewardship and ESG advisory body — since 2011, and is a participating investor in Climate Action 100+, the global engagement initiative targeting the largest corporate emitters. It also states publicly that it follows the ASIP code of conduct, the Swiss pension fund association's ethical and fiduciary framework.
What is CIEPP's known real estate portfolio in Switzerland?
CIEPP directly owns at least two Geneva-area assets: its headquarters at Rue de Saint-Jean 67 in central Geneva, and Campus Spark, a mixed-use development on Chemin du Champ-des-Filles 19 in Plan-les-Ouates. Both are held directly, consistent with the fund's preference for anchoring the portfolio with tangible Swiss property.
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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