# Valora Pensionskasse

Valora Pensionskasse is a Pension Fund based in Muttenz, Switzerland.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Muttenz, Switzerland
- **Region:** Europe
- **Address:** Muttenz, Switzerland
- **Assets under management:** Undisclosed
- **Website:** valora.com
- **LinkedIn:** https://www.linkedin.com/company/valora-pensionskasse

## Regulatory record

- **Reports private funds:** No

## About

Valora Pensionskasse | 4 followers on LinkedIn.

## Sectors

- Real Estate
- Secondaries & Special Situations
- Private Credit

## People

- Andreas Bühlmann — Managing Director
- Adriano Margiotta — President of the Board of Trustees

## Questions

### Who runs investment decisions at Valora Pensionskasse?

Andreas Bühlmann serves as Managing Director (Geschäftsführer) and oversees the fund's operations and investment execution. The Board of Trustees (Stiftungsrat), chaired by Adriano Margiotta, holds ultimate fiduciary responsibility and sets strategic asset-allocation parameters. This two-tier Swiss governance model separates operational management from trustee oversight.

### How is Valora Pensionskasse related to FEMSA?

FEMSA (Fomento Económico Mexicano) acquired Valora Holding AG, the sponsoring employer, in July 2022 for roughly CHF 1.1 billion. The pension fund remains a legally independent Swiss foundation with segregated assets — it is not FEMSA's corporate treasury — though FEMSA is now the ultimate parent entity of the employer group that funds contributions.

### What is the fund's posture on secondaries?

Valora Pensionskasse runs a disciplined secondaries program across private market exposures, acquiring seasoned fund interests and direct positions to mitigate blind-pool risk and J-curve effects common in primary commitments. This sits alongside direct Swiss residential and commercial real estate holdings concentrated in the Bern and Zurich regions, plus a physical gold allocation.

### What type of pension plan does Valora Pensionskasse operate?

The fund operates a hybrid defined-benefit and cash-balance structure, which provides beneficiaries a guaranteed minimum return supplemented by surplus participation. This hybrid design is common among Swiss corporate pension funds, balancing employer cost predictability with member upside when investment performance exceeds actuarial targets.

### What real estate does Valora Pensionskasse hold directly?

Known direct holdings include residential properties at Viktoriastrasse 40 in Bern, Hühnerhubelstrasse 33 in Belp, Unterdorfstrasse 7 & 9 in Ostermundigen, Pestalozzistrasse 4 in Weinfelden, and Wigartestrasse 13+15 in Killwangen, plus a commercial retail space on Rue du Marché in Geneva — a portfolio concentrated in the Mittelland and Geneva corridors.

## Related profiles

- [Valley Medical Facilities](https://altss.com/profile/valley-medical-facilities)
- [Value Advanced Investments](https://altss.com/profile/value-advanced-investments)

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

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