# Luzerner Pensionskasse

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Lucerne, Switzerland
- **Region:** Europe
- **Address:** Zentralstraße 7, 6002 Lucerne, Switzerland
- **Founded:** 2000
- **Assets under management:** 11.7B (Altss estimate)
- **Website:** www.lupk.ch
- **LinkedIn:** https://linkedin.com/company/luzerner-pensionskasse-lupk-

## Regulatory record

- **Reports private funds:** No

## About

Luzerner Pensionskasse was established in 2000 to administer retirement benefits for employees of the Canton of Lucerne. Fabio Camilli serves as managing director. The institution functions as a public-law entity with its own governance separate from direct cantonal control. The fund allocates 2.5 percent of assets to private equity with a 2 percent target. It holds direct real estate assets including Schweighof Kriens, Livingscience ETH Zürich, Löwencenter, and Gibraltarstrasse Luzern. Infrastructure exposure comes through vehicles such as Avadis Clean Energy Infrastructure, UBS Clean Energy Infrastructure Switzerland 3, and Fontavis Renewable Infrastructure Fund Europe. All named holdings sit in Switzerland or broader Europe. The fund also runs a direct mortgage portfolio valued at approximately $660 million. Luzerner Pensionskasse employs no disclosed headcount figure. It maintains membership in ASIP, Swiss Sustainable Finance, and the UN PRI. In June 2025 the fund attended the ASIP Vorsorge-Symposium to discuss Swiss pension reforms. It works with auditors Ernst & Young and investment advisor PPCmetrics. The fund is a long-term member of the Ethos Engagement Pool. The fund's structure ties directly to its cantonal mandate, requiring it to serve public employees while pursuing independent investment decisions. This creates a governance model distinct from private pension providers or multi-employer plans.

## Sectors

- Real Estate
- Infrastructure
- Private Equity

## People

- Raphael Furrer — Head of Real Estate

## Questions

### Who runs investment decisions at Luzerner Pensionskasse?

Fabio Camilli serves as chief executive. Josef Lütolf acts as head of securities investments. Raphael Furrer leads the real estate team.

### Does Luzerner Pensionskasse participate in fund commitments or only direct deals?

The fund makes both fund commitments and direct investments. It holds limited partner positions in multiple infrastructure and secondaries vehicles while owning Swiss real estate assets outright.

### What investment stages does Luzerner Pensionskasse typically target?

The fund targets buyout, secondaries, mezzanine, and co-investment strategies within private equity. Its real estate activity focuses on development and operating assets in Switzerland.

### How is Luzerner Pensionskasse related to the Canton of Lucerne?

The fund was created as the public-law pension institution specifically for Canton of Lucerne employees. It operates with independent governance and investment authority.

## Related profiles

- [Dormitory Authority of the State of New York (DASNY)](https://altss.com/profile/dormitory-authority-of-the-state-of-new-york-dasny)
- [LD Pensions](https://altss.com/profile/ld-pensions)

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

Canonical page: https://altss.com/profile/luzerner-pensionskasse

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