# Siemens Pensionskasse

Siemens Pensionskasse is a Pension Fund based in Zurich, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Zurich, Switzerland
- **Region:** Europe
- **Address:** Freilagerstrasse 40, 8047 Zurich, Switzerland
- **Founded:** 1921
- **Assets under management:** 3864 (Altss estimate)
- **Website:** pk-siemens.ch
- **LinkedIn:** https://ch.linkedin.com/company/pensionskasse-der-siemens-gesellschaften-in-der-schweiz

## Regulatory record

- **Reports private funds:** No

## About

Siemens Pensionskasse was established in 1921 to deliver occupational pensions to staff of Siemens AG and Siemens Schweiz AG in Switzerland. It serves more than 10,000 insured individuals and operates as a private-sector pension institution under Swiss regulation. The fund deploys capital across public equities, private equity, real estate, infrastructure, and private debt. Its real estate holdings comprise 39 mixed-use properties with 1,679 apartments and 14,000 square meters of commercial space in Zurich and Zug. Infrastructure exposure includes commitments to Aquila Capital European Balanced Renewables Fund, Luxcara FLAVEO IV Green Energy, and Partners Group Global Infrastructure V, all focused on European renewable projects. Private debt is held through fund structures for liquidity and diversification. Geographic reach centers on Switzerland and broader Europe. Eleven professionals manage the portfolio from the Zurich headquarters. The fund belongs to ASIP, the Swiss Pension Fund Association. In September 2023 it participated as a speaker at the IPE Real Assets Conference, presenting on infrastructure strategies and renewable energy allocations. Several residential properties in Dietikon, Fahrweid, Greifensee, and Horw were sold during the 2023/2024 fiscal year. The fund maintains a formal separation from its sponsoring employer Siemens AG while receiving ongoing contributions tied to active Siemens employees in Switzerland. Governance follows Swiss pension statutes with independent actuarial and audit oversight from c-alm AG and Ernst & Young AG.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Public Equity

## People

- Claudio Ciapponi — Chief Investment Officer

## Questions

### Who runs investment decisions at Siemens Pensionskasse?

Claudio Ciapponi serves as Chief Investment Officer and leads investment decisions. The fund also retains PPCmetrics AG as external investment advisor.

### Does Siemens Pensionskasse participate in fund commitments or only direct deals?

The fund uses both approaches. It holds direct ownership of Swiss real estate and commits to external funds in infrastructure and private debt.

### What asset classes receive the largest allocations?

Public equities represent the largest allocation at 16.2 percent of assets. Real estate follows with a 1.11 billion USD portfolio, and infrastructure commitments total 128 million USD.

### Which regions does Siemens Pensionskasse target for infrastructure investments?

Infrastructure investments focus on Europe, specifically renewable energy projects in solar, wind, and hydroelectric power.

### How is Siemens Pensionskasse related to Siemens AG?

Siemens AG acts as the sponsoring employer. The pension fund provides benefits exclusively to employees of Siemens companies and associated firms in Switzerland.

## Related profiles

- [Freedom Together Foundation](https://altss.com/profile/freedom-together-foundation)
- [Timucuan Asset Management](https://altss.com/profile/timucuan-asset-management-inc)

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

Canonical page: https://altss.com/profile/siemens-pensionskasse

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