# Pensionskasse SBB

Pensionskasse SBB is a Pension Fund based in Bern, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Bern, Switzerland
- **Region:** Europe
- **Address:** Hilfikerstrasse 4, 3014 Bern, Switzerland
- **Founded:** 1906
- **Assets under management:** Undisclosed
- **Website:** www.pksbb.ch
- **LinkedIn:** https://ch.linkedin.com/company/pensionskasse-sbb

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Infrastructure
- Real Estate
- Private Equity

## People

- Markus Hübscher — Managing Director
- Dominik Irniger — Head of Asset Management
- Christina Böck — Member of the Investment Committee
- Marco Högger — Member of the Investment Committee

## 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.

### 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.

## Related profiles

- [Macquarie Group](https://altss.com/profile/macquarie-group)
- [Bregal Investments](https://altss.com/profile/bregal-investments-llp)

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

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