PKG Pension Fund

PKG Pension Fund

PKG Pension Fund was founded in 1972 as a collective foundation serving SMEs across Switzerland. Peter Fries serves as chief executive while Diego Liechti, appointed in 2025, leads investment activities after prior roles at other Swiss pension entities. The fund holds a Swiss real estate portfolio valued at $1.086 billion that includes 103 properties with 1,588 apartments and 53,529 square meters of commercial space. Confirmed positions include direct ownership of Schweighof in Kriens and Gleis 4 in Nebikon, alongside private equity commitments such as Chequers XVIII and MML VIII through Portfolio Advisors. Geographic exposure centers on Switzerland for real assets and extends globally for equities and private markets. The organization employs 45 professionals and maintains its headquarters in Lucerne. It participates in industry groups including Swiss Sustainable Finance and the Principles for Responsible Investment. In June 2025 Diego Liechti joined as chief investment officer to expand private markets exposure. PKG operates as an independent collective foundation rather than a single-employer plan, which allows it to pool assets from multiple SMEs while retaining direct control over real estate and select private equity mandates through external advisors.