Updated:
Previs Prévoyance
Previs Prévoyance is a Swiss public-service pension fund with roughly $7.8B in assets, spanning buyout, venture, and direct real estate.
Previs Prévoyance
Previs Prévoyance launched in 1988 as a non-profit pension vehicle for Swiss public-service institutions and companies. Peter Flück serves as President of the Board of Directors, while Martin Friedli prepares to assume the Managing Director role from Stefan Muri in June 2025, marking a planned leadership transition. The fund deploys across buyout, early-stage (seed and start-up), expansion, and growth equity, blending direct co-investments, fund-of-funds commitments, and a concentrated in-house real estate portfolio. Property holdings include the Nessleren residential complex in Wabern, the Blankweg residential site, and the Spoerry mixed-use development in Flums — all within Switzerland. On the liquid side, the portfolio holds commodity exposures, though precise allocations remain undisclosed. The investment committee, chaired by Karin Thomet, includes Martin Gafner, who also chairs infrastructure platform Infracore. Previs joined the Net Zero Asset Owner Alliance and the Institutional Investors Group on Climate Change, pinning its 2022–2026 strategy to sustainability-linked financial and real-estate assets. It participates in ASIP, the Swiss pension fund association. In the first quarter of 2026, the fund reported that equity and bond market losses — driven by escalating tensions in the Middle East — weighed on performance, confirming an active mark-to-market posture. The fund’s architecture separates pension administration from asset management through a dedicated in-house team and external specialist mandates, while the direct real estate portfolio and climate alliances give it a dual identity: a classic Swiss pension vehicle that operates property assets more like a principal investor than a passive allocator.
General information
Firm type
Pension Fund
Year founded
1988
AUM
$7.8B (Altss estimate)
Location
Region
Europe
Country
Switzerland
City
Bern
Corporate office
Brückfeldstrasse 16, 3001 Bern, Switzerland
Principals
Stefan Muri
Managing Director
Peter Flück
President of the Board of Directors
Martin Gafner
Member of the Board of Directors and Investment Committee; Chairman of Infracore
Karin Thomet
Chair of the Investment Committee
Martin Friedli
Incoming Managing Director (from June 2025)
Sector focus
Frequently asked questions
Who runs investment decisions at Previs Prévoyance?
The Investment Committee, chaired by Karin Thomet, oversees asset-allocation and manager-selection decisions. Board member Martin Gafner sits on the committee and also chairs Infracore, the fund’s infrastructure platform. Day-to-day management has been led by Managing Director Stefan Muri, with Martin Friedli succeeding him in June 2025.
Does Previs Prévoyance invest directly or through funds?
Previs uses a hybrid model. It commits capital through fund-of-funds structures and co-investments across private equity and venture, while running a direct real estate portfolio that includes the Nessleren residential development and the Spoerry mixed-use site in Switzerland.
How is Previs Prévoyance’s real estate portfolio structured?
The fund holds a concentrated direct property portfolio entirely in Switzerland. Known positions include residential assets at Nessleren in Wabern and Blankweg, plus the Spoerry mixed-use development in Flums. The portfolio is managed in-house and is linked to the fund’s broader sustainability targets.
What is Previs Prévoyance’s known posture on co-investments alongside external GPs?
Previs engages in co-investments alongside fund commitments, but it does not publicly disclose specific co-investment partners or deal-level terms. Its strategy documents confirm an appetite for early-stage through buyout equity, suggesting co-investment selectivity rather than a broad indiscriminate program.
Is Previs Prévoyance a single-family office or a pension fund?
Previs is a public-service pension fund, not a family office. It was founded in 1988 as a non-profit entity providing occupational benefits under Swiss federal law to institutions and companies in the public sector.
Which investment stages does Previs Prévoyance typically target?
Previs spans buyout, early-stage (including seed and start-up), expansion, and growth equity. It accesses these stages via fund-of-funds, direct co-investments, and a dedicated real estate sleeve.
How is Previs Prévoyance integrating sustainability into its portfolio?
The fund joined the Net Zero Asset Owner Alliance and the Institutional Investors Group on Climate Change. Its 2022–2026 strategy ties sustainability to both financial investments and its direct real estate holdings, though specific decarbonization targets and exclusion lists are not publicly detailed.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on pension funds?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: