# First Standard Financial Company, LLC

First Standard Financial Company, LLC is a Pension Fund based in Colorado Springs, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Colorado Springs, Switzerland
- **Region:** North America
- **Address:** Laupenstrasse 10 PO Box 9585, Bern, Switzerland
- **Founded:** 1910
- **Assets under management:** Undisclosed
- **Website:** www.pvkbern.ch

## About

The City of Bern Pension Fund was founded in 1910 to serve city employees. It operates under Swiss pension rules with governance input from the city and the VPOD union. The fund deploys capital across residential real estate, commercial property in New York, mortgages issued inside Switzerland, infrastructure private equity, and a 1-3% precious metals sleeve. It maintains a co-investment mandate and competes directly with local banks on mortgage origination. Holdings include two residential towers on Bahnstrasse undergoing renovation. Assets total $3.19B. The fund belongs to the Swiss Pension Fund Association. It attended the Bern City Council meeting on sustainability criteria in November 2024. Service providers include Privera AG for real estate and Credit Suisse (UBS) as global custodian. Governance ties the fund directly to the City of Bern as founder and to union representation on the board, creating a public-sector oversight structure distinct from private family offices.

## Sectors

- Diversified

## People

- Alexandre Schmidt — Former President
- Michel Berger — Vice President

## Questions

### Who runs investment decisions at the City of Bern Pension Fund?

Alexandre Schmidt served as former president and Michel Berger serves as vice president representing the VPOD union. Decisions follow Swiss pension governance rules with input from the City of Bern.

### Does the fund participate in fund commitments or only direct deals?

The fund executes direct real estate ownership, mortgage origination, and co-investments in infrastructure private equity. It does not publish a fund-of-funds allocation.

### What is the fund's known posture on co-investments alongside external GPs?

The fund maintains a documented co-investment strategy and holds a 3% stake in an infrastructure private equity portfolio as a limited partner.

### How is the fund related to the City of Bern?

The City of Bern founded the fund and remains its primary sponsor. The fund serves city employees and reports to city governance structures.

## Related profiles

- [Factory Mutual Insurance Company](https://altss.com/profile/factory-mutual-insurance-company)
- [Pensionskasse des Kantons Schwyz](https://altss.com/profile/pensionskasse-des-kantons-schwyz)

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Last updated: 2026-06-03T20:00:00.000Z

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