# Gildi Pension Fund

Gildi Pension Fund is a Pension Fund based in Reykjavik, Iceland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Reykjavik, Iceland
- **Region:** Europe
- **Address:** Guðrúnartún 1, Reykjavik, Iceland
- **Founded:** 2005
- **Assets under management:** 7.2B (Altss estimate)
- **Website:** gildi.is
- **LinkedIn:** https://www.linkedin.com/company/gildi-capital

## Regulatory record

- **Reports private funds:** No

## About

Gildi Pension Fund began operations in 2005 after the merger of two predecessor pension entities. Davíður Rúdólfsson serves as CEO. The fund supplies retirement income, mortgage lending, and voluntary savings to Icelandic workers through its core insurance structure. The investment program spans private equity, domestic real estate funds, foreign real estate funds, and public equities. Allocations include commitments to BlackRock Private Equity Impact Capital, Morgan Stanley Investment Management vintage 2022, and KKR vintage 2022. Positions also cover Controlant in Iceland and Stefnir. Geographic reach centers on Iceland and extends to the United States and other global markets. Ticket sizes for private equity range from 20M to 50M USD. Assets total 7.2B USD. The firm maintains membership in the Icelandic Pension Funds Association and the UN Principles for Responsible Investment. It held its Annual General Meeting in April 2025 at Hótel Reykjavík Natura. Additional service providers include Arion Banki and Islandsbanki as custodians. Board composition reflects formal ties to the Confederation of Icelandic Employers and multiple trade unions, including Efling. This governance structure channels member and employer input directly into oversight of the 7.2B USD portfolio.

## Sectors

- Real Estate
- Private Equity
- Financial Services

## People

- Davíður Rúdólfsson — CEO
- Rósa Björgvinsdóttir — CIO
- Björgvin Jón Bjarnason — Chairman

## Questions

### Who runs investment decisions at Gildi Pension Fund?

Davíður Rúdólfsson serves as CEO since January 2024. Rósa Björgvinsdóttir holds the CIO role and oversees asset allocation and market strategy.

### Does Gildi Pension Fund participate in fund commitments or only direct deals?

The fund acts as a limited partner in private equity vehicles including vintages from Morgan Stanley, KKR, and BlackRock. It also holds direct ownership in Controlant and domestic real estate funds.

### What asset classes does Gildi Pension Fund allocate to?

Allocations cover private equity at 8.57 percent, domestic and foreign real estate funds, a housing loans portfolio, and listed equities such as JBT Marel and Arion Banki.

### Where does Gildi Pension Fund source its capital?

Contributions arrive from Icelandic employers and employees through mandatory pension insurance plus voluntary savings accounts.

### How is Gildi Pension Fund governed?

The board includes nominees from the Confederation of Icelandic Employers and ten trade unions. Björgvin Jón Bjarnason chairs the board.

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

Canonical page: https://altss.com/profile/gildi-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology