Pension Fund

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Pensionskasse SBB

Pensionskasse SBB was established in 1906 to serve employees of SBB AG, the Swiss Federal Railways. The fund operates as an independent pension foundation...

Pensionskasse SBB logo

Pensionskasse SBB

Pensionskasse SBB was established in 1906 to serve employees of SBB AG, the Swiss Federal Railways. The fund operates as an independent pension foundation under Swiss occupational benefits law. The investment program centers on direct Swiss real estate, a mortgage book exceeding CHF 2 billion, and commitments to private equity and infrastructure funds. Confirmed positions include GHO Capital IV, Alcuin Capital Partners Fund, First Sentier Global Listed Infrastructure Fund, and a 3 percent stake in Partners Group Private Equity Ltd. Exposure spans Switzerland and select European and global markets through fund commitments and listed holdings. The organization employs 55 professionals at its Bern headquarters. It participates in industry groups including ASIP, SVVK-ASIR, and Swiss Sustainable Finance. February 2024: Attended the Sustainable Investor Summit in Zurich. The fund maintains a direct ownership model for Swiss property assets and a founding-member role in SVVK-ASIR that shapes its responsible-investment guidelines separate from the sponsor employer.

General information

Firm type

Pension Fund

Year founded

1906

Location

Region

Europe

Country

Switzerland

City

Bern

Corporate office

Hilfikerstrasse 4, 3014 Bern, Switzerland

Principals

Markus Hübscher

Managing Director

Dominik Irniger

Head of Asset Management

Christina Böck

Member of the Investment Committee

Marco Högger

Member of the Investment Committee

Sector focus

InfrastructureReal EstatePrivate Equity

Frequently asked questions

Who runs investment decisions at Pensionskasse SBB?

Markus Hübscher serves as Managing Director. Dominik Irniger heads asset management. Christina Böck and Marco Högger sit on the Investment Committee.

Does Pensionskasse SBB participate in fund commitments or only direct deals?

The fund makes both direct real estate investments and commitments to private equity and infrastructure funds including GHO Capital IV and Alcuin Capital Partners.

What is Pensionskasse SBB's known posture on co-investments alongside external GPs?

The fund holds limited partner positions in multiple external vehicles and maintains a minority stake in Pensimo Anlagestiftungen for indirect real estate exposure.

Where does the underlying wealth come from?

Assets derive from employer and employee contributions to the occupational pension scheme sponsored by SBB AG.

How is Pensionskasse SBB related to SBB AG?

SBB AG is the sponsoring employer that established the pension foundation in 1906 and remains the primary contributor.

Which sectors does Pensionskasse SBB explicitly avoid?

No explicit exclusions are stated beyond standard Swiss pension investment regulations.

Does Pensionskasse SBB maintain philanthropic structures?

No separate philanthropic vehicles are disclosed in available records.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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