# Pensionskasse Stadt Zürich

Pensionskasse Stadt Zürich is a Pension Fund based in Zurich, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Zurich, Switzerland
- **Region:** Europe
- **Address:** Morgartenstrasse 30 Postfach, 8036 Zurich, Switzerland
- **Founded:** 1913
- **Assets under management:** 24962 (Altss estimate)
- **Website:** www.pkzh.ch
- **LinkedIn:** https://linkedin.com/company/pensionskasse-stadt-zürich

## Regulatory record

- **Reports private funds:** No

## About

Pensionskasse Stadt Zürich (PKZH) was established in 1913 to manage retirement assets for the City of Zurich's administration and affiliated entities. Today it covers roughly 150 institutions, including schools and cultural organizations, serving around 41,000 active insured members and 21,000 pensioners. The fund is led by CEO Helga Portmann, with Jürg Tobler as CIO and Deputy CEO. Tobler oversees a portfolio spanning real estate, infrastructure, private equity, venture capital, insurance-linked securities (ILS), and secondaries. Direct co-investments feature prominently — the fund holds a residential portfolio in Zurich at Gutstrasse and Birmensdorferstrasse, a land parcel in Boniswil, Aargau, and a renewable energy portfolio with BKW Group that includes wind farms in France, Italy, and Norway, plus the Cotovio solar park in Portugal. ILS exposure adds a differentiated, insurance-referent return stream uncommon among Swiss public pension funds. The fund is an active participant in Swiss institutional networks, holding memberships in ASIP, SVVK-ASIR, Swiss Sustainable Finance, and SECA. It was among the first Swiss pension funds to set a CO2 reduction target. May 2024: The fund publicly reinforced its commitment to direct alternatives co-investments alongside BKW Group in European renewable infrastructure (per Altss research). PKZH's architecture differs materially from peers that use only fund-of-funds for alternatives: it runs a direct co-investment vehicle for infrastructure and carries an explicit ILS allocation on its own books. Those internal capabilities reduce fee drag in an era when Swiss public plans face pressure to maintain full funding despite low bond yields.

## Sectors

- Real Estate
- Infrastructure
- Energy Transition & Renewables
- Private Equity
- Venture Capital
- Insurance-Linked Securities
- Secondaries & Special Situations

## People

- Jürg Tobler — Chief Investment Officer and Deputy CEO
- Helga Portmann — Chief Executive Officer
- Oliver Grimm — Head of Mandates
- Jordi Serra — President of the Board of Trustees
- Melanie Nay — Vice President of the Board of Trustees

## Questions

### Who runs investment decisions at Pensionskasse Stadt Zürich?

Helga Portmann serves as CEO. Jürg Tobler holds the roles of CIO and Deputy CEO. Oliver Grimm leads the mandates team.

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

The fund uses both approaches. It commits to external private equity and infrastructure funds while holding direct Swiss real estate assets and a joint-venture wind farm stake.

### What asset classes receive the largest allocations at Pensionskasse Stadt Zürich?

Public equities through index mandates form the largest bucket. Real estate, private equity at 10 percent, insurance-linked securities, and infrastructure follow in size.

### Which external managers does Pensionskasse Stadt Zürich use for private equity?

Confirmed relationships include Adams Street Partners, Bridgepoint Group, TA Associates, and Investindustrial.

### Does Pensionskasse Stadt Zürich maintain membership in industry associations?

Yes. It belongs to ASIP, the Principles for Responsible Investment, SVVK-ASIR, and Swiss Sustainable Finance.

## Related profiles

- [Public Employee Retirement System of Idaho](https://altss.com/profile/public-employee-retirement-system-of-idaho)
- [Mercedes-Benz Group](https://altss.com/profile/mercedes-benz-group)

---

Last updated: 2026-07-06T00:37:07.659Z

Canonical page: https://altss.com/profile/pensionskasse-stadt-z-rich

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