Fonds de Pension Métal (OFP)

Fonds de Pension Métal (OFP)

Fonds de Pension Métal (OFP) was created in 2000 to administer the mandatory supplemental pension plan for workers under Belgium's Joint Committee 111, the metal, machine, and electrical construction industry. The fund sits in Brussels and operates under an FSMA license granted in December 2007. It pools contributions from employers across the sector, fully funding the supplemental pension promises without requiring employee contributions. The fund's investment posture spans real estate, listed and unlisted infrastructure, and a notable private-markets program that reaches early-stage venture. Its strategy blends fund commitments, direct co-investments, and real-asset exposure. Confirmed infrastructure partnerships include PMV, the Flemish investment company, through vehicles EPICo and Sky Holding Belgium. The real estate sleeve holds a mixed-use portfolio via AXA REIM targeting Belgium and broader Europe, supplemented by a global listed real estate mandate with Cohen & Steers. A direct loan to Sportoase Hoogstraten evidences a willingness to underwrite local operating assets directly. The pension fund is a member of PensioPlus, the Belgian Association of Pension Institutions, and is governed by a board that includes social partners from the metalworking industry. In September 2025, the fund distributed updated annual pension statements to its active participants through the MyBenefit portal and the government e-box system. Deployment figures are not disclosed, leaving the pool's full scale dependent on Altss estimates. Fonds de Pension Métal's structure is tightly tied to its sectoral mandate. It is neither a multi-employer plan open to all comers nor a single corporate scheme; it is a statutory, industry-wide institution where the social partners — unions ABVV-Metaal, ACLVB, ACV-CSC Metea, MWB-FGTB, and employer group Agoria — collectively set the plan terms. This quasi-public governance model, combined with direct venture co-investing, gives it a hybrid character not often found in continental European pension funds.