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CPV/CAP Pensionskasse Coop
Established in 1909, CPV/CAP is the occupational pension fund for the Coop Group—Switzerland’s retail cooperative.
CPV/CAP Pensionskasse Coop
Established in 1909, CPV/CAP is the occupational pension fund for the Coop Group—Switzerland’s retail cooperative. Harald Siewert chairs a Board of Trustees that includes Joos Sutter, the former Coop CEO, and Marco Tschanz, CEO of the affiliated Bell Food Group. The fund’s mandate covers Coop employees and workers at sister companies Transgourmet Holding and Bell Food Group. The portfolio spans real estate, infrastructure, and private markets alongside traditional Swiss fixed-income and equity allocations. Real estate holdings include the Aarerain Plusenergie-Quartier in Worblaufen, the Switzerland Innovation Park Innovaare in Villigen, and the GLC Research Building at ETH Zurich. The infrastructure sleeve reaches outside Switzerland: CPV/CAP invested in Italo, Italy’s high-speed rail operator, and acquired the Galloway 2 Solar Project in Texas. A dedicated renewable energy portfolio and photovoltaic plant pool sit alongside disclosed physical gold positions. Headquartered in Basel, CPV/CAP is a signatory to the United Nations Principles for Responsible Investment, joining in 2021, and participates in the Institutional Investor Group on Climate Change. At the national level it is a member of ASIP, the Swiss pension-fund association, and Swiss Sustainable Finance. The fund also adheres to the UN Global Compact within its ESG screens. The most recent annual report published by the fund is the 2025 Geschäftsbericht, released on 26 March 2026. The fund’s architecture as an occupational pension scheme for a retail cooperative sets it apart from Swiss peers tied to banking or government. A multiplying employer base—with Bell Food Group and Transgourmet as affiliated firms—creates a steady inflow of assets. That liability structure supports the fund’s ability to hold illiquid direct assets such as Swiss mixed-use real estate and cross-border infrastructure, while the Board’s composition anchors investment decisions to the sponsoring cooperative.
General information
Firm type
Pension Fund
Year founded
1909
AUM
In excess of 10 billion CHF (per CPV/CAP Pensionskasse Coop)
Location
Region
Europe
Country
Switzerland
City
Basel
Corporate office
Basel, Switzerland
Principals
Harald Siewert
Chairman of the Board of Trustees
Alexander Ganz
Vice Chairman of the Board of Trustees
Marco Tschanz
Board Member
Joos Sutter
Board Member
Sector focus
Frequently asked questions
Who runs investment decisions at CPV/CAP Pensionskasse Coop?
Investment decisions are overseen at the board level. Harald Siewert serves as Chairman and Alexander Ganz as Vice Chairman. The Board of Trustees includes Joos Sutter, the former CEO of Coop, and Marco Tschanz, CEO of Bell Food Group, giving the sponsor a direct presence in asset-allocation and risk conversations.
How does CPV/CAP source its direct infrastructure and real estate deals?
The fund builds its direct portfolio through a mix of domestic Swiss development and cross-border acquisitions. Swiss real estate—such as the Aarerain Plusenergie-Quartier and properties on Freie-Strasse in Basel—reflects organic development relationships. International moves, including the Italo high-speed rail investment and the Texas Galloway 2 Solar Project, suggest a network-driven direct approach, often sourced alongside co-investors with operational expertise.
Is CPV/CAP a single-family office or a pension fund?
It is a Swiss occupational pension fund, not a family office. It provides retirement benefits exclusively for employees of the Coop Group and affiliated companies Bell Food Group and Transgourmet Holding. The structure is governed by Swiss pension law, not private family-office arrangements.
Does CPV/CAP participate in fund commitments or only direct deals?
CPV/CAP invests in both fund structures and direct assets. Its private-equity strategy spans buyout, growth, venture, and distressed debt, typically executed through funds. Direct investments are concentrated in real estate and infrastructure—photovoltaic plants, gold, and co-owned transport assets—where the fund can model long-duration cash flows that match its liability profile.
When did CPV/CAP become a UN PRI signatory, and what does that mean for the portfolio?
The fund signed the UN Principles for Responsible Investment in 2021. ESG criteria are embedded in investment decisions, and the fund also adheres to the UN Global Compact. Climate-risk management is guided by membership in the Institutional Investor Group on Climate Change and Swiss Sustainable Finance, with renewable energy and solar projects forming a growing allocation.
Where does CPV/CAP's capital originate?
Capital flows from mandatory occupational pension contributions made by Coop Group, Bell Food Group, and Transgourmet employees and their employers—standard under Switzerland’s three-pillar pension system. There is no single family wealth origin; the fund is a collective retirement vehicle for the Coop cooperative ecosystem.
Does CPV/CAP maintain any philanthropic or community structures?
Yes, the fund is connected to Coop Patenschaft für Berggebiete, a foundation that supports mountain communities in Switzerland. While legally separate, the foundation reflects the cooperative’s broader social engagement alongside the pension fund’s fiduciary mission.
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