# KBC Pensioenfonds

KBC Pensioenfonds is a Pension Fund based in Brussels, Belgium.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Brussels, Belgium
- **Region:** Europe
- **Address:** Havenlaan 2, Brussels, Belgium
- **Founded:** 1998
- **Assets under management:** 3.1B (Altss estimate)
- **Website:** kbc.be
- **LinkedIn:** https://www.kbc.be

## Regulatory record

- **Reports private funds:** No

## About

KBC Pensioenfonds was established in 1998 as the dedicated pension vehicle for KBC Group. It provides full pension management, advice, and administration services to external small and medium-sized enterprises in Belgium. The fund allocates across real estate, infrastructure, private equity, and fixed income. Direct Belgian real estate holdings represent half of its property exposure and include core brownfield projects plus a retail asset in Hasselt. International real estate exposure runs through Eurozone funds. Infrastructure commitments target unlisted core European assets via specialized vehicles. Private equity exposure stands at a 2 percent target weight and includes a position in agRIF through Incofin. Geographic reach centers on Belgium and the broader European market. Assets total $3.1 billion. The LDI sleeve alone reached an estimated $900 million in notional value with 200 percent leverage applied through swaps. Additional offices are not disclosed. The fund participates in industry events and received the Small Real Estate Investor of the Year award at the IPE Real Estate Global Conference in May 2025. It maintains membership in the Belgian Pension Fund Association. KBC Pensioenfonds operates as the captive pension plan of KBC Group yet extends third-party administration to external Belgian employers. This hybrid mandate creates a distinct sourcing and governance structure compared with pure captive or pure commercial pension administrators.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Fixed Income

## People

- Luc Vanbriel — General Manager and Chief Investment Officer
- Tim Derycke — Investment Officer for Private Markets

## Questions

### Who runs investment decisions at KBC Pensioenfonds?

Luc Vanbriel serves as General Manager and Chief Investment Officer. Tim Derycke acts as Investment Officer for Private Markets.

### Does KBC Pensioenfonds participate in fund commitments or only direct deals?

The fund uses both approaches. It holds direct Belgian real estate assets and commits to international real estate and infrastructure funds.

### What is KBC Pensioenfonds known posture on co-investments alongside external GPs?

It co-invests in Belgian real estate with KBC Real Estate. Private equity exposure occurs through fund commitments and selected direct holdings such as agRIF.

### How is KBC Pensioenfonds related to KBC Group?

KBC Group acts as the sponsoring employer and founder of the pension fund.

### Which sectors does KBC Pensioenfonds explicitly avoid?

No explicit avoidance sectors are stated in available records.

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

Canonical page: https://altss.com/profile/kbc-pensioenfonds

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