Fair-Finance Vorsorgekasse

Founder Markus Zeilinger established the fund and continues to oversee its strategic direction. Zeilinger is also the founder of Sinnova Holding AG and serves on the board of Austria's Forum for Sustainable Investment (FNG), placing him at the center of both investment and sustainability governance.

The fund concentrates on Austrian urban residential assets, with confirmed holdings across multiple Vienna districts and Graz. Projects include the Living Garden mixed-use development in Seestadt Aspern and residential properties at Michtnergasse, Antonigasse 86, and Untere Bahnlände. The sourcing model appears to favor direct acquisition and development within a narrow geographic band rather than fund-of-funds or blind-pool commitments.

It is Fair-Finance's dedicated vehicle for early-stage social-enterprise investments, co-backed by the Senate of the Economy (Senat der Wirtschaft). The fund also deploys globally through the Arbaro Fund, a Luxembourg-domiciled vehicle targeting sustainable forestry and land-use projects in emerging markets.

Bonus Pensionskasse acquired Fair-Finance Vorsorgekasse in 2024 but preserved the brand and its ethical investment policy as a distinct track. The structure allows Fair-Finance to operate with sourcing autonomy and retain its activist-investor affiliations — including its founding membership in Shareholders for Change — while drawing on the parent's operational infrastructure.

The firm is a signatory to the UN Principles for Responsible Investment (since 2017), a member of the Green Finance Alliance with voluntary Paris-aligned targets, and adheres to the Partnership for Carbon Accounting Financials for greenhouse-gas disclosure. It is also a founding member of Shareholders for Change, the European network coordinating active-ownership campaigns.

Yes. While its direct real estate portfolio is entirely domestic, the venture capital program has global reach through the Arbaro Fund, which targets forestry and sustainable land-use investments in emerging markets across multiple continents.

Structurally it is a corporate severance-pay fund under Austrian law, but its governance diverges sharply from peers. The firm applies a binding ethical screen as a pre-trade gate — every asset must clear sustainability criteria before allocation — making its compliance architecture closer to that of a mission-driven endowment.