# Seafarers' Pension Fund

Seafarers' Pension Fund is a Pension Fund based in Helsinki, Finland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Helsinki, Finland
- **Region:** Europe
- **Founded:** 1956
- **Assets under management:** 1.5B (Altss estimate)
- **Website:** seafarerspensionfund.fi
- **LinkedIn:** https://www.linkedin.com/company/merimiesel%c3%a4kekassa

## Regulatory record

- **Reports private funds:** No

## About

The Seafarers' Pension Fund provides earnings-related pensions to shipping company employees and seafarers. Jari Puhakka acts as chief executive while Sauli Hämäläinen oversees investments. The fund maintains holdings in commercial property at Kanavaranta 9 in Helsinki, leisure cottages at Ylläs-Jalmari and forestry land across Finland. It sold a portfolio of 463 residential apartments in late 2025. Additional exposure includes infrastructure projects, commitments to Maki.vc Fund III and a stake in Rederiaktiebolaget Eckerö. Public equity positions cover Purmo Group, Raisio and Betolar. The organization belongs to Tela, ISWAN and the UN Global Compact. It works with Premico on real estate and maintains co-investment ties with Veritas Mutual Pension Insurance Company. In May 2024 Tiina Tuurnala spoke at the Shippax Ferry Conference. The fund's structure centers on sector-specific pension liabilities that shape its real-asset and Nordic equity focus.

## Sectors

- Real Estate
- Infrastructure
- Forestry

## People

- Jari Puhakka — CEO
- Sauli Hämäläinen — CIO
- Tiina Tuurnala — Board Member

## Questions

### Who runs investment decisions at Seafarers' Pension Fund?

Sauli Hämäläinen serves as CIO and directs the investment strategy. Jari Puhakka acts as CEO. Tiina Tuurnala sits on the board.

### Does Seafarers' Pension Fund participate in fund commitments or only direct deals?

The fund holds both direct real estate and forestry assets and limited partner positions such as Maki.vc Fund III.

### What asset classes does Seafarers' Pension Fund allocate to?

Allocations include direct real estate, forestry, infrastructure and listed equities on Nasdaq Helsinki.

### Where does Seafarers' Pension Fund invest geographically?

Core holdings sit in Finland with additional exposure across the Nordics and select global infrastructure.

### How is Seafarers' Pension Fund related to Veritas Mutual Pension Insurance Company?

The two entities act as frequent co-investors in Finnish maritime and real estate projects.

## Related profiles

- [CJ Olive Young](https://altss.com/profile/cj-olive-young)
- [Pipeline Industry Benefit Fund](https://altss.com/profile/pipeline-industry-benefit-fund)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/seafarers-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology