Proximus Pension Fund

Proximus Pension Fund

The Proximus Pension Fund was established in 2002 as the retirement vehicle for Belgacom, later renamed after the Proximus rebrand in 2015. It operates as a single-employer defined benefit plan headquartered in Brussels. The fund allocates 51.5 percent to listed equities and 35.3 percent to debt instruments, with the balance in convertibles, real estate and infrastructure. Private equity exposure stands at 2 percent. Holdings include a European non-listed real estate portfolio valued at $31.4 million and an infrastructure portfolio of similar size. The fund also maintains the Proximus Art Collection, one of Belgium's largest corporate holdings of contemporary works. Assets total $1.07 billion. The fund maintains board oversight through Stefaan De Clerck as chairman and Jan Van Acoleyen as a director. It sponsored the September 2024 auction of 71 works from the art collection at Christie's. The Proximus Foundation runs parallel philanthropic programs focused on youth digital inclusion in Belgium. Governance ties the pension fund directly to Proximus SA through shared board leadership and real-estate subsidiary Connectimmo, creating an integrated structure between the operating company and its retirement plan.