Patrimonium Investment Foundation continued its growth trajectory and closed the 2025 financial year with investment assets of approximately CHF 1.7 billion.
All three investment groups: Swiss Residential Properties, Swiss Healthcare Properties, and Sustainable Infrastructure (Evergreen) contributed to this positive development.
“The 2025 financial year was characterized by broad-based expansion across all investment groups. We are particularly pleased to have achieved several strategic milestones,” says Clemens Schreiber, Managing Director of Patrimonium Investment Foundation.
Swiss Residential Properties: Portfolio exceeds CHF 1 billion
The Swiss Residential Properties investment group continued its steady growth. A total of five new properties were acquired in the cantons of Basel-Landschaft, Vaud, Geneva and Ticino, while selective disposals were completed in Neuchâtel and Ticino.
The portfolio now comprises 70 properties with a high residential share of 86%. Investment assets increased by approximately 9.2% to CHF 1,058 million (previous year: CHF 969 million), surpassing the CHF 1 billion mark. In addition, CHF 27.5 million was invested in ongoing refurbishment and renovation projects.
During the 2025 financial year, net rental income increased by approximately 9.9% to CHF 39.3 million, largely driven by the acquisition of new properties and the completion of the Lausanne-Malley development project in October 2024. The investment return amounted to 5.1%.
In 2026, five additional standing properties have already been acquired, and a further 9% increase in rental income is expected by year-end.
Swiss Healthcare Properties: Dynamic growth beyond CHF 500 million
The Swiss Healthcare Properties investment group achieved substantial progress during the 2025 reporting year. Through four targeted acquisitions – a rehabilitation clinic in Zofingen (AG), a medical center in Sion (VS), a medical laboratory in Avenches (VD), and a nursing home in Münsingen (BE) – the portfolio was further expanded.
Investment assets increased by approximately 25% to CHF 589 million (previous year: CHF 471 million), thereby exceeding the CHF 500 million threshold. At the same time, CHF 12.8 million was invested in the development project in Kriens (LU), which was completed on schedule at the end of June 2025.
Investor interest remained strong. In addition to increased commitments from existing investors, nine new pension institutions joined the investor base.
Net rental income increased by 16.4% to CHF 21 million, primarily due to acquisitions and the completion of the senior housing development in Kriens.
The investment return amounted to 5.2% in the 2025 financial year, compared to 4.2% for the KGAST Business Index.
In 2026, three additional acquisitions have already been completed, consisting of two nursing homes and a forward purchase agreement for a senior residence.
By the end of 2026, rental income is expected to increase by approximately 20%.
Sustainable Infrastructure: Successful expansion since launch
The Sustainable Infrastructure (Evergreen) investment group, launched in 2024, continued to develop successfully during the 2025 financial year.
Two capital calls enabled investments in a primary fund as well as a co-investment in the smart metering sector. The co-investment is a leading provider of essential energy infrastructure in the United Kingdom and the country’s largest independent Meter Asset Provider.
As of year-end 2025, the portfolio consisted of one primary fund investment and two co-investments, providing exposure to a total of five underlying portfolio companies.
The investment group is diversified across the sectors of electrification, communications infrastructure and digitalization, energy storage and distribution, and sustainable transportation. Approximately 93% of investments are located in Europe, with the remainder in North America.
As of year-end 2025, the portfolio’s net TVPI (Total Value to Paid-In Capital) already stood at 1.05x. Thanks to rapid capital deployment, the investment group successfully avoided the J-curve effect typically associated with infrastructure investments.
In 2026, an additional investment has already been completed. This investment is a Western European primary fund focused on the energy transition in the lower mid-market segment.
Solid foundation for continued growth
With these positive developments across all investment groups, the Investment Foundation further strengthens its market position and creates a robust basis for future growth.
Patrimonium Investment Foundation
Founded in 2009, the Patrimonium Investment Foundation is aimed at tax-exempt occupational pension institutions domiciled in Switzerland. It manages the real estate investment groups “Residential Properties Investment Group” and “Swiss Healthcare Properties Investment Group,” as well as the infrastructure investment group “Sustainable Infrastructure (evergreen) Investment Group,” with assets under management of over CHF 1.4 billion. Its investor base consists of approximately 200 Swiss pension funds.
Patrimonium Asset Management AG, a FINMA-authorized fund management company, has been appointed as asset manager. The foundation is a member of KGAST, ASIP (Swiss Pension Fund Association), and VIS (Swiss Real Estate Association).
Patrimonium Asset Management AG
Patrimonium Asset Management AG is a FINMA-authorized asset management company specializing in private markets. Patrimonium offers qualified investors investment opportunities across real estate, private credit, private equity, and infrastructure.
The company is distinguished by a sustainable investment approach and manages over CHF 5 billion in assets with a team of 70 professionals (as of 12.2025). www.patrimonium.ch