Stadt Luzern

Stadt Luzern

Pensionskasse Stadt Luzern was founded in 1918 as an independent public pension scheme serving municipal employees. Its mandate centers on delivering retirement, disability, and survivor benefits under Swiss occupational pension rules. The fund allocates 4% to private equity through buyout, growth, and co-investment strategies. It also holds insurance-linked securities via SIGLO Capital Advisors and timber exposure through the F.I.T. Timber Growth Fund. Public equity positions include a Swiss portfolio valued at $218M managed by Vontobel and Reichmuth & Co plus a foreign equity book of $351M managed by J. Safra Sarasin and Dr. Pirmin Hotz. Real estate assets comprise direct holdings such as the Würzenbachmatte residential redevelopment completed in February 2025 and the PKSL headquarters building. Geographic exposure centers on Switzerland with additional commitments to global private markets. Total assets stand at $2.08B. The investment committee is supported by custodians UBS AG Zürich and advisors including Luzerner Kantonalbank, Bank Vontobel, SIGLO Capital Advisors, and Algofin. In January 2024 the fund participated in the Fiduciary Investors Symposium. It maintains membership in the UN PRI since 2012, the Ethos Engagement Pool since 2009, and Climate Action 100+. The fund operates under a statutory board structure with a Pensionskommission that sets policy and appoints external managers. This governance model separates investment execution from the City of Luzern administration while remaining subject to Swiss federal pension supervision.