# Geroa Pentsioak EPSV

Geroa Pentsioak EPSV is a Pension Fund based in Donostia-San Sebastián, Spain.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Donostia-San Sebastián, Spain
- **Region:** Europe
- **Address:** Paseo de Lugaritz, 27, 20018 Donostia-San Sebastián, Gipuzkoa, Spain
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** geroapentsioak.eus
- **LinkedIn:** https://es.linkedin.com/company/geroa-pentsioak-epsv

## Regulatory record

- **Reports private funds:** No

## About

Geroa Pentsioak EPSV is a Spain-based pension fund established in 1996. It offers supplementary pensions and retirement benefits to its members, primarily in the biotech and life science sectors.

## Sectors

- Real Estate
- Private Equity
- Infrastructure

## People

- Virginia Oregui — Managing Director

## Questions

### Who runs investment decisions at Geroa Pentsioak?

Virginia Oregui oversees the fund as Managing Director. The governance board includes ADEGI, the Gipuzkoa employers' association, and trade unions ELA, LAB, CCOO, and UGT, which jointly approve strategic asset allocation. For private-market investments, the fund also relies on the Orza AIE co-investment vehicle, operated in partnership with Elkarkidetza EPSV.

### How is Geroa Pentsioak governed compared to a typical Spanish pension fund?

Geroa uses a parity-based co-governance model in which employer representatives and the region's four major trade unions share board-level control equally. This makes investment policy a negotiated outcome rather than a top-down management decision, a structure distinct from most Spanish corporate and individual pension plans.

### Does Geroa Pentsioak have commitments outside Spain?

Yes, though limited in scale. Its real estate holdings include an interest in Poivre Real Estate 3 S.à r.l., a Luxembourg-based mixed-use vehicle. The fund's primary private-market exposure remains Iberian and pan-European, reflecting its mandate to serve Gipuzkoa-based employers and workers.

## Related profiles

- [German Medical Insurance](https://altss.com/profile/german-medical-insurance)
- [Gerson Bakar Foundation](https://altss.com/profile/gerson-bakar-foundation)

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

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