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CPV/CAP Pensionskasse Coop
CPV/CAP Pensionskasse Coop was founded to provide occupational retirement benefits for Switzerland's Coop Group and its affiliated companies, including Bell...
CPV/CAP Pensionskasse Coop
CPV/CAP Pensionskasse Coop was founded to provide occupational retirement benefits for Switzerland's Coop Group and its affiliated companies, including Bell Food Group and Transgourmet Holding. The scheme is embedded in the cooperative’s industrial fabric, with board members drawn from Coop’s executive leadership and its major subsidiaries. The fund invests across a broad mix of public equities, fixed income, private equity, infrastructure, and precious metals, but its heaviest active weight is in direct real estate and hard assets. It owns a diversified Swiss commercial and residential portfolio, a data center and office complex near Zurich, and the mixed-use Aarerain Plusenergiequartier in Bern. Internationally, it has acquired an equity stake in Italo — the Italian high-speed rail operator Nuovo Trasporto Viaggiatori — and committed to the Galloway 2 Solar Project in Texas. It commits to private equity through buyout, growth, venture, and distressed debt strategies and reports physical gold positions on its balance sheet. With assets exceeding CHF 10 billion (approximately $14.6 billion as estimated by Altss), CPV/CAP ranks among the largest pension funds in Switzerland. It operates solely from Basel and maintains active memberships in ASIP, the national pension fund association, and Swiss Sustainable Finance. The fund signed the UN Principles for Responsible Investment in 2021 and participates in the IIGCC to advance its climate risk management. In March 2026 the fund published its 2025 annual report, continuing a century-old tradition of providing transparent governance to its cooperative membership. CPV/CAP’s structural fingerprint is its embedded cooperative governance. Investment and oversight decisions flow through a board that includes the Chairman of Bell Food Group and former Coop CEOs — a design that fuses pension stewardship with the strategic priorities of one of Switzerland’s largest retail and wholesale groups. The vehicle operates without a separate family wealth origin, but its mandate functions with the permanence and illiquidity tolerance of one.
General information
Firm type
Pension Fund
Year founded
1909
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 of CPV/CAP and CEO of Bell Food Group
Joos Sutter
Board Member of the Board of Trustees
Sector focus
Frequently asked questions
Who governs CPV/CAP and how is the board structured?
The Board of Trustees is chaired by Harald Siewert, with Vice Chairman Alexander Ganz. The board includes direct ties to the Coop Group ecosystem — Joos Sutter is a former Coop CEO and Marco Tschanz serves as CEO of Bell Food Group, a major Coop subsidiary. This structure legally binds the fund to the strategic interests of its sponsoring cooperative employers.
How does CPV/CAP source and structure its direct real estate investments?
The fund acquires direct majority or sole ownership positions in Swiss real estate rather than operating primarily through fund commitments. Known holdings include the Aarerain Plusenergiequartier, a data center and office complex near Zurich, and the GLC Research Building at ETH Zurich. The fund develops and holds mixed-use, residential, and commercial assets across Switzerland as part of its core portfolio.
What is CPV/CAP's exposure to transportation and energy infrastructure?
CPV/CAP holds a direct equity stake in Italo — Nuovo Trasporto Viaggiatori — the Italian high-speed rail operator. On the energy side, it owns a photovoltaic plant portfolio across Switzerland and committed to the Galloway 2 Solar Project in Texas, reflecting a direct investment approach to both transport infrastructure and renewable energy generation.
Does CPV/CAP invest in private equity funds or only direct deals?
CPV/CAP operates with a hybrid approach: it makes direct co-investments and direct asset acquisitions, particularly in real estate and infrastructure, while also allocating to external private equity strategies. The fund has confirmed activity across buyout, growth capital, early-stage venture, distressed debt, mezzanine, and special situations (per Altss research).
What is CPV/CAP's public commitment to ESG and sustainability?
The fund became a UN PRI signatory in 2021 and is a member of the Institutional Investor Group on Climate Change. It also participates in Swiss Sustainable Finance and adheres to the UN Global Compact in its investment criteria. These memberships reflect a codified commitment to ESG integration across its portfolio.
How is CPV/CAP related to the Coop Group?
CPV/CAP is the occupational pension fund established in 1909 for employees of the Coop Group and its affiliated companies. It operates as an independent legal entity but maintains structural ties through its board composition, which includes senior leaders from Coop and its major subsidiaries like Bell Food Group.
What type of gold exposure does CPV/CAP hold?
The fund reports physical gold positions on its balance sheet as part of its hard asset allocation, alongside its real estate and infrastructure holdings. The specific custodial structure or scale of these positions is not publicly disclosed in granular detail (per Altss research).
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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