# PBZ Croatia Insurance

PBZ Croatia Insurance is a Pension Fund based in Zagreb, Croatia.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Zagreb, Croatia
- **Region:** Europe
- **Address:** Radnicka cesta 44, Zagreb, Croatia
- **Founded:** 2001
- **Assets under management:** 347 (Altss estimate)
- **Website:** www.pbzco-fond.hr
- **LinkedIn:** https://www.linkedin.com/company/pbz-croatia-osiguranje-d-d

## Regulatory record

- **Reports private funds:** No

## About

PBZ Croatia Insurance was formed in 2001 by Privredna Banka Zagreb, part of Intesa Sanpaolo, and Croatia Osiguranje, part of Adris Grupa. It operates the mandatory pension funds that receive Croatian payroll contributions and invests them under HANFA supervision. The firm deploys capital into listed Croatian equities, private equity and venture funds, and industrial real estate. Confirmed holdings include positions in Podravka, Končar and an LP interest in South Central Ventures. Geographic exposure centers on Croatia and the broader Adriatic region. Assets under management stand at $347 million. The firm maintains custodian relationships with Zagrebačka banka and Addiko Bank and retains PwC as auditor. In March 2024 it participated as a panelist at the RE:D Conference in Zagreb on real estate opportunities inside the Schengen and Eurozone framework. Governance is anchored in the two founding banks, with day-to-day decisions executed by the management board under regulatory oversight from HANFA and membership in UMFO. This structure channels pension inflows directly into a concentrated portfolio of Croatian public companies and select regional private assets.

## Sectors

- Diversified
- Private Equity
- Venture Capital
- Real Estate

## People

- Dubravko Štimac — President of the Management Board
- Goran King — Member of the Management Board

## Questions

### Who runs investment decisions at PBZ Croatia Insurance?

Dubravko Štimac serves as President of the Management Board with Goran King as a board member. Decisions follow the risk parameters set for each of the three mandatory fund categories.

### Does PBZ Croatia Insurance participate in fund commitments or only direct deals?

The firm holds both LP interests in South Central Ventures and Prosperus Growth Fund and direct stakes such as the joint venture in Business Park Zagreb.

### What investment stages does PBZ Croatia Insurance typically target?

Allocations span listed equities on the Zagreb Stock Exchange, growth equity through regional venture and private equity funds, and income-producing industrial real estate.

### Where does the underlying capital come from?

Assets derive from mandatory pension contributions collected under Croatian law and managed on behalf of fund members in categories A, B and C.

### How is PBZ Croatia Insurance related to its parent entities?

Privredna Banka Zagreb and Croatia Osiguranje founded the firm and remain major shareholders; both sit within larger banking and insurance groups.

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

Canonical page: https://altss.com/profile/pbz-croatia-insurance

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