# Cape Municipal Pension Fund

Cape Municipal Pension Fund is a Pension Fund based in Cape Town, South Africa.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Cape Town, South Africa
- **Region:** Africa
- **Address:** 18th Floor, South Tower, The Towers, 2 Heerengracht Cnr Heerengracht & Hertzog Blvd
- **Founded:** 1925
- **Assets under management:** R 24 Bn
- **Website:** capefund.com
- **LinkedIn:** https://www.capefund.com

## Regulatory record

- **Reports private funds:** No

## About

The Cape Municipal Pension Fund was established in 1925 by the City of Cape Town to provide retirement benefits to municipal employees. It remains the sole pension arrangement sponsored by the city. The fund allocates across South African public equities, infrastructure funds and direct property. Confirmed positions include holdings in Old Mutual IDEAS Managed Fund, STANLIB Infrastructure Fund of Funds and Vantage GreenX Note III. Geographic exposure centers on South Africa with limited SADC reach through infrastructure vehicles. Assets total 1081 million USD. The fund maintains membership in Batseta and the Principles for Responsible Investment. It sponsored the CMPF Centennial Gala Dinner in December 2025. The fund operates under a defined contribution structure with the City of Cape Town as sole participating employer, creating a direct governance link between the sponsor and the trustee board.

## Sectors

- Infrastructure
- Real Estate
- Public Equities

## People

- Layla Savahl — Principal Officer
- IJ Julies — Chairperson of the Board of Trustees

## Questions

### Who runs investment decisions at Cape Municipal Pension Fund?

Layla Savahl acts as Principal Officer. The Board of Trustees, chaired by IJ Julies, oversees policy and manager selection.

### Does Cape Municipal Pension Fund participate in fund commitments or only direct deals?

The fund commits to external vehicles including STANLIB Infrastructure Fund of Funds and Old Mutual IDEAS Managed Fund while also holding direct property assets.

### What investment stages does Cape Municipal Pension Fund typically target?

The fund targets mature infrastructure assets and operating real estate in South Africa.

### How is Cape Municipal Pension Fund related to the City of Cape Town?

The City of Cape Town established the fund in 1925 and remains its sole sponsor.

## Related profiles

- [Leonard & Beryl Buck Foundation](https://altss.com/profile/leonard-beryl-buck-foundation)
- [Western & Southern Life](https://altss.com/profile/western-southern-life)

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Last updated: 2026-07-08T21:04:04.350Z

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