# Prévoyance Santé Valais

Prévoyance Santé Valais is a Pension Fund based in Sierre, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sierre, Switzerland
- **Region:** Europe
- **Address:** Avenue du Marché 5, 3960 Sierre, Switzerland
- **Founded:** 1984
- **Assets under management:** 2.15B (Altss estimate)
- **Website:** www.presv.ch
- **LinkedIn:** https://www.linkedin.com/company/presv-pr%c3%a9voyance-sant%c3%a9-valais

## Regulatory record

- **Reports private funds:** No

## About

Prévoyance Santé Valais (PRESV) was founded in 1984 and restructured in 2004 to serve as the pension fund for employees in the Valais health sector. It is governed by a Board of Directors currently led by President Alain de Preux, with day-to-day management under Director Christian Zufferey and Deputy Director Sandra Lambrigger. The organization closed 2024 with 9,825 active members and a coverage ratio of 112.36%, according to the firm’s published annual figures. PRESV runs a balanced allocation that spans private and public markets. On the real-asset side, it holds a Valais residential portfolio and at least two mixed-use properties in Sierre — its own headquarters at Avenue du Marché 5 and the Rue de la Lombardie 1 building. The liquid and alternative sleeves are built through external managers: the fund participates in early-stage venture, growth equity, buyout, fund of funds, natural resources, secondaries, special situations, and turnaround strategies. Its hedge fund and private-credit exposures are sourced via third-party funds. The portfolio benefits from Switzerland’s deep fund-of-funds ecosystem, with a preference for diversified, multi-manager structures rather than heavy direct-investment staffing. With total assets under management estimated at roughly $2.15 billion (Altss estimate), PRESV operates as a mid-sized Swiss pension scheme — large enough to access institutional-grade alternatives but lean in headcount. The fund maintains a direct real-estate arm with its own leasing pipeline for Valais residential and commercial properties. It is an active member of the Ethos Engagement Pool, aligning its proxy-voting and stewardship activities with Ethos Foundation’s sustainability principles. The firm’s linked philanthropic vehicle, Fondation RETASV, extends its mandate beyond pension provision into healthcare-related social support, though it is legally and operationally separated from the pension assets. In May 2024, the fund reported a 5.54% investment return and a 112.36% coverage ratio for the year ending December 31, 2024 — a snapshot of a fully funded, conservatively managed institution. PRESV’s structural differentiator is its hybrid real-estate posture. Unlike most Swiss pension funds that rely entirely on indirect real-estate funds or large-scale institutional mandates, PRESV directly sources, owns, and leases properties in its home canton. This direct-ownership layer sits inside an otherwise manager-heavy alternatives program, giving the fund an unusual blend of internal asset-level control and delegated exposure across private markets. Governance traces through a cantonal health-sector constituency, not a corporate sponsor, which anchors the long-term liability matching to local demographic trends.

## Sectors

- Real Estate
- Hedge Funds
- Private Credit
- Secondaries & Special Situations

## People

- Alain de Preux — President of the Board of Directors
- Christian Zufferey — Director
- Sandra Lambrigger — Deputy Director
- Jean-Pierre Bringhen — Former President

## Questions

### Who runs investment decisions at Prévoyance Santé Valais?

The Board of Directors, led by President Alain de Preux, sets the strategic allocation and oversees the fund’s real-asset holdings. Day-to-day implementation, manager selection, and operational oversight fall to Director Christian Zufferey and Deputy Director Sandra Lambrigger. PRESV does not publicly disclose a dedicated internal chief investment officer, operating instead with a lean management team that delegates most liquid and alternative portfolios to external managers.

### What is Prévoyance Santé Valais’s current funding status?

As of December 31, 2024, PRESV reported a coverage ratio of 112.36%, meaning its assets exceeded projected liabilities by roughly 12.4 percentage points (per the firm’s website, 2024). This places the fund well above the 100% fully funded threshold required under Swiss pension law and signals a healthy buffer against market and longevity risk.

## Related profiles

- [WorkSafeBC Pension Plan](https://altss.com/profile/worksafebc-pension-plan)
- [Valley Forge Private Equity](https://altss.com/profile/valley-forge-private-equity)

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Last updated: 2026-07-06T00:37:22.866Z

Canonical page: https://altss.com/profile/pr-voyance-sant-valais

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