# Lucerne Pension Fund

Lucerne Pension Fund is a Pension Fund based in Lucerne, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lucerne, Switzerland
- **Region:** Europe
- **Founded:** 2000
- **Assets under management:** 13000 (Altss estimate)
- **Website:** https://www.lucernecap.com/
- **LinkedIn:** https://www.linkedin.com/company/lucerne-capital-management

## Regulatory record

- **Reports private funds:** No

## About

Lucerne Pension Fund was established in 2000 to provide occupational pensions for the Canton of Lucerne workforce and related public-task entities. Its board is chaired by Urban Sager; Fabio Camilli serves as chief executive. The fund allocates across Swiss residential and mixed-use properties, mortgage loans to members, and select infrastructure platforms. Confirmed holdings include direct stakes in Gibraltarstrasse Luzern, Dreiweiler Meggen, Wohnpark Alp Emmen, plus limited-partner positions in IST3 Infrastruktur Global, Fontavis Renewable Infrastructure and UBS Clean Energy Infrastructure funds. Geographic reach centers on Switzerland with supplementary exposure to European and global markets through equity and infrastructure sleeves. Assets total 13 billion USD. The investment team includes Josef Lütolf as head of securities and Raphael Furrer, who assumed the real-estate leadership role in January 2026. November 2024 saw the appointment of Fabio Camilli as chief executive. The fund maintains memberships in Swiss Sustainable Finance and SVVK-ASIR. Governance separates investment execution from the Canton administration through an independent board and external service providers that include UBS as global custodian and Ernst & Young as auditor.

## Sectors

- Infrastructure
- Real Estate
- Renewable Energy

## People

- Fabio Camilli — Chief Executive Officer
- Urban Sager — Chair of the Board of Directors
- Josef Lütolf — Head of Securities Investments
- Raphael Furrer — Head of Real Estate

## Questions

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

Fabio Camilli serves as chief executive. Josef Lütolf heads securities investments and Raphael Furrer leads real estate.

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

The fund holds both direct real-estate assets in Switzerland and limited-partner interests in infrastructure and private-equity vehicles such as IST3 Infrastruktur Global and Fontavis Renewable Infrastructure.

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

The fund focuses on income-producing real estate, mortgage lending, and mature infrastructure assets rather than early-stage venture.

### How is Lucerne Pension Fund related to the Canton of Lucerne?

It insures employees of the Canton and of institutions performing public tasks under the Canton.

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

The fund invests through limited-partner commitments to specialist infrastructure and energy platforms rather than direct co-investments with external managers.

## Related profiles

- [Li Ka Shing Foundation](https://altss.com/profile/li-ka-shing-foundation)
- [Wyoming Retirement System](https://altss.com/profile/wyoming-retirement-system)

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

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

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