# Personalvorsorgekasse Obwalden

Personalvorsorgekasse Obwalden is a Pension Fund based in Sarnen, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sarnen, Switzerland
- **Region:** Europe
- **Address:** Museumstrasse 3, 6061 Sarnen, Switzerland
- **Founded:** 1956
- **Assets under management:** 1.2B (Altss estimate)
- **Website:** pvow.ch

## Regulatory record

- **Reports private funds:** No

## About

Personal Versicherungskasse Obwalden was established in 1956 to deliver old-age, survivors' and invalidity coverage to cantonal and municipal employees. Matthias Hochrein leads day-to-day operations under a board chaired by Dr. Notker Dillier. The fund holds a 3.39 percent allocation to private equity and maintains an infrastructure portfolio valued at CHF 11 million. It also carries CHF 19 million in senior loans. Confirmed real-estate holdings include multiple residential buildings in Sarnen, Sachseln, Kerns and Giswil, among them Rosenweg 2 acquired in 2020. Geographic exposure centers on Switzerland with limited global mandates. The fund employs BDO AG as auditor and PPCmetrics AG as investment advisor. C-ALM AG began providing ALM consulting services in 2024. It lists no additional offices and reports no professional headcount. The fund operates under Swiss public-law governance with the Canton of Obwalden as primary sponsor and guarantor. This structure separates investment decisions from political oversight while requiring compliance with federal pension statutes.

## Sectors

- Real Estate
- Private Equity
- Infrastructure

## People

- Matthias Hochrein — Managing Director
- Dr. Notker Dillier — President
- Manfred Iten — Vice President

## Questions

### Who runs investment decisions at Personal Versicherungskasse Obwalden?

Matthias Hochrein serves as managing director. The board of directors, chaired by Dr. Notker Dillier with Manfred Iten as vice chair, sets overall policy.

### What asset classes does the fund allocate to?

The fund maintains a 3.39 percent allocation to private equity, direct residential real estate in Obwalden, an infrastructure portfolio and senior loans.

### Does the fund invest directly or through external managers?

It owns residential properties directly and accesses private equity, infrastructure and loans through collective vehicles and external advisors including PPCmetrics AG.

### Where does the underlying capital originate?

Contributions come from employees of the Canton of Obwalden, its municipalities and affiliated public-law institutions under mandatory Swiss pension rules.

### What is the fund's known ESG posture?

It integrates ESG criteria, belongs to the Swiss Association for Responsible Investments and participates in the Klima-Allianz and Ethos Foundation engagement pool.

## Related profiles

- [SC-shuangma Capital](https://altss.com/profile/sc-shuangma-capital)
- [Lehigh Valley Health Network](https://altss.com/profile/lehigh-valley-health-network)

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Last updated: 2026-07-08T21:10:28.099Z

Canonical page: https://altss.com/profile/personal-versicherungskasse-obwalden

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