# Hotela Pension Fund

Hotela Pension Fund is a Pension Fund based in Montreux, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Montreux, Switzerland
- **Region:** Europe
- **Address:** Rue de la Gare 18, 1820 Montreux, Switzerland
- **Founded:** 1948
- **Assets under management:** 3.05B (Altss estimate)
- **Website:** hotela.ch
- **LinkedIn:** https://www.linkedin.com/company/hotela

## Regulatory record

- **Reports private funds:** No

## About

Hotela Pension Fund was founded in 1948 by the Swiss hotel industry association HotellerieSuisse. It serves the tourism and hospitality sector through a single administrative platform for occupational pensions and related social insurance products. The structure covers 154,000 insured persons across Switzerland. The fund deploys capital across public equities, Swiss and foreign real estate, infrastructure, private equity and insurance-linked securities. Current allocations include a 5.32 percent weight to private equity against a 5 percent target. Confirmed holdings comprise limited-partner interests in Ancala Infrastructure Fund in Europe and Octopus Healthcare Fund in the United Kingdom. Geographic exposure centers on Switzerland and broader European markets, with additional global equity and mortgage sleeves. The organization employs 300 professionals at its Montreux headquarters. It maintains membership in SVVK-ASIR and ASIP, the Swiss associations for responsible investment and pension institutions. In June 2024 the fund sponsored the Hospitality Summit in Zurich, addressing digitalization, sustainability and labor issues in the sector. Hotela operates through a dedicated Vorsorgestiftung foundation that separates pension administration from the broader social-insurance services offered to member associations. This legal separation allows the pension assets to follow Swiss LPP regulatory requirements while the operating entities serve multiple industry partners.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Insurance-Linked Securities

## People

- Michael Casanova — Director/CEO
- Jörg Arnold — President of the Board of Directors

## Questions

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

Michael Casanova serves as Director and CEO. Jörg Arnold chairs the Board of Directors. Investment policy is executed through external mandates and direct holdings overseen by the board.

### How does Hotela Pension Fund source proprietary deal flow?

The fund participates in limited-partner commitments to infrastructure and healthcare vehicles and maintains relationships with Swiss industry associations that originated the institution in 1948.

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

The fund makes both fund commitments and direct real-estate investments. Private-equity exposure is achieved through fund allocations while real estate includes listed and unlisted Swiss vehicles.

### What investment stages does Hotela Pension Fund typically target?

The fund targets mature infrastructure and real-estate assets alongside public equity mandates. It does not focus on early-stage venture capital.

### What is Hotela Pension Fund's known posture on co-investments alongside external GPs?

The fund invests as a limited partner in external vehicles such as Ancala Infrastructure Fund and does not disclose direct co-investment activity.

## Related profiles

- [ICECAPITAL Asset Management](https://altss.com/profile/icecapital-asset-management)
- [Mutuelle Générale](https://altss.com/profile/mutuelle-g-n-rale)

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

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

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