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Investors

Patrimonium Investment Foundation

Governance

Board of Trustees

Philippe Augsburger
Chairman – independent
Christoph Syz
Vice Chairman – Patrimonium Asset Management AG
Yves Cuendet
Member – independant
Daniel Heine
Member – Patrimonium Asset Management AG
Beat Röthlisberger
Member – independent
Christoph Vock
Member – independent

Foundation Management

Clemens Schreiber
Managing Director
Christoph Syz
Deputy Managing Director

Investment Foundation Administration and Investment Groups Management

The administration of the investment foundation and the management of the investment groups are delegated to Patrimonium Asset Management AG. Patrimonium Asset Management AG is supervised by the Swiss Financial Market Supervisory Authority (FINMA) as an authorized fund management company.

Auditor

Deloitte AG

Supervisory authority

OPSC
Swiss Occupational Pension Supervisory Commission

Contacts

German speaking Switzerland

Clemens Schreiber

Managing Director
Patrimonium Investment Foundation

Calendar

Documents

Foundation by-laws

Foundation statutes
Available in German only
Foundation regulations
Available in German only
Loyalty and integrity policy
Available in German only
Share transfer policy
Available in German only

Annual reports

We publish an audited annual report for the end of the Foundation's fiscal year and an unaudited interim report. Previous reports are available on demand.

Annual report 2025
Only available in German
Annual report 2024
Available in German
Annual report 2023
Only available in German
Annual report 2022
Available in German and in French
Annual report 2021
Only available in German and French
Annual report 2020
Only available in German and French
Annual report 2019
Only available in German and French
Annual report 2018
Available in German only
Annual report 2017
Available in German only
Annual report 2016
Available in German only
Annual report 2015
Available in German only
Annual report 2014
Available in German only
Annual report 2013
Available in German only
Annual report 2012
Available in German only
Annual report 2011
Available in German only

Interim reports

Interim report 30.06.2026
Only available in German
Interim report 30.06.2025
Only available in German and French
Interim report 30.06.2024
Only available in German and French
Interim report 30.06.2023
Only available in German and French
Interim report 30.06.2022
Only available in German and French
Interim report 30.06.2021
Only available in German and French
Interim report 30.06.2020
Only available in German and French
Interim report 30.06.2019
Only available in German and French
Interim report 30.06.2018
Available in German only
Interim report 31.12.2017
Available in German only
Interim report 31.12.2016
Available in German only
Interim report 31.12.2015
Available in German only
Interim report 31.12.2014
Available in German only
Interim report 31.12.2013
Available in German only
Interim report 31.12.2012
Available in German only

FAQ

What is an investment foundation?

An investment foundation is an occupational pension institution that invests and manages the assets entrusted to it by pension funds. Legally, it is a foundation within the meaning of Art. 80 et seq. of the Swiss Civil Code (ZGB) and is subject to the provisions of Art. 53g et seq. BVG. Its assets are divided into investment groups, which are accounted for separately and are economically independent of one another.

The Patrimonium Investment Foundation was established in 2009 and is open exclusively to tax-exempt occupational pension institutions domiciled in Switzerland.

Who may invest in an investment foundation?

The group of investors in an investment foundation is restricted by law (Art. 53k let. a BVG in conjunction with Art. 1 ASV). Eligible investors are pension institutions and other tax-exempt institutions domiciled in Switzerland that serve occupational pension provision, including pension funds. Managers of collective investment schemes of these institutions that are supervised by FINMA are also eligible, provided that they invest exclusively the funds of these institutions with the foundation.

Admission as an investor in the Patrimonium Investment Foundation is subject to the requirements and procedure set out in the foundation's articles of association.

What does KGAST membership mean?

KGAST (Konferenz der Geschäftsführer von Anlagestiftungen, the Conference of Managers of Investment Foundations) is the industry association of Swiss investment foundations. It enables the investment products of its members to be compared, requires a high degree of cost transparency from its members and publishes the KGAST Immo-Index every month.

The Patrimonium Investment Foundation is a member of KGAST, ASIP (Swiss Pension Fund Association) and VIS (Verband Immobilien Schweiz). The Swiss Residential Properties and Swiss Healthcare Properties investment groups are included in the KGAST Immo-Index.

How does an investment foundation differ from an investment fund?

Investment foundations and investment funds differ in their legal basis, supervision, group of investors and participation rights. Investment foundations are subject to the BVG and to supervision by the Occupational Pension Supervisory Commission (OAK BV). They are expressly excluded from the Collective Investment Schemes Act (KAG) (Art. 2 para. 2 let. a KAG). Collective investment schemes such as investment funds are subject to the KAG and, as a rule, to supervision by FINMA.

Investment foundations are only open to a group of investors restricted by law. Investors exercise their statutory participation rights at the investors' meeting, the foundation's supreme body (Art. 53h BVG). Depending on their structure, investment funds may also be open to other categories of investors.

Which investment groups does the Patrimonium Investment Foundation offer?

The Patrimonium Investment Foundation manages four investment groups:

  • Swiss Residential Properties: The investment group invests in residential properties throughout Switzerland, with a focus on regions with demographic growth. The focus is on small and medium-sized apartments in the low to mid rent segment. It invests in existing properties as well as in construction projects.
  • Swiss Healthcare Properties: The investment group invests throughout Switzerland in clinics for inpatient or outpatient treatment, retirement and nursing homes, senior and retirement living, and health promotion facilities.
  • Sustainable Infrastructure (evergreen): The investment group invests in unlisted, sustainable infrastructure assets, mainly in sectors that contribute to decarbonisation. It is geographically diversified, with a focus on Europe and North America.
  • Swiss Mortgages: The new investment group will invest in first-ranking mortgages on Swiss income-producing properties. It will be launched as soon as the required minimum capital commitments have been reached.

Further information on Patrimonium's expertise in these asset classes can be found under Real Estate and Infrastructure.

How do pension funds invest in the investment foundation?

Pension funds and other eligible occupational pension institutions participate in the Patrimonium Investment Foundation by acquiring units (Ansprüche) in one or more investment groups. Participation takes place through a capital commitment agreement followed by capital calls. For the Swiss Residential Properties and Swiss Healthcare Properties investment groups, in-kind contributions are also possible, in which properties are contributed in exchange for units.

The issue and redemption of units are governed by the articles of association, the foundation regulations and the provisions of the respective investment group. For further information, the team of the Patrimonium Investment Foundation can be reached at investor@patrimonium.ch.

What role does BVV 2 play for investment foundations?

The Ordinance on Occupational Retirement, Survivors' and Disability Pension Plans (BVV 2) specifies which investments are permitted for pension institutions and which limits apply to each investment category (Art. 53 to 55 BVV 2). For pension funds, it is therefore relevant to which investment category an investment group is assigned.

At the Patrimonium Investment Foundation, the Swiss Residential Properties and Swiss Healthcare Properties investment groups are assigned to the real estate category pursuant to Art. 53 para. 1 let. c BVV 2, and the Sustainable Infrastructure (evergreen) investment group to the category of infrastructure investments pursuant to Art. 53 para. 1 let. dbis BVV 2. The Swiss Mortgages investment group is classified as a debt claim pursuant to Art. 53 para. 1 let. b no. 6 BVV 2 (Swiss mortgage instruments, Grundpfandtitel).

Further details can be found in the documents of the respective investment group.

How are investment foundations supervised?

Investment foundations are supervised directly by the Occupational Pension Supervisory Commission (OAK BV) (Art. 64a para. 2 BVG), not by the cantonal supervisory authorities.

At the Patrimonium Investment Foundation, the administration of the foundation and the management of the investment groups are delegated to Patrimonium Asset Management AG, which is supervised by the Swiss Financial Market Supervisory Authority (FINMA) as a licensed fund management company. Deloitte AG acts as the foundation's auditor. Information on the composition of the Board of Trustees and the management can be found in the "Governance" section on this page.

Discover our Swiss Residential Properties Investment Group
Discover our Swiss Healthcare Properties Investment Group

Discover our Sustainable Infrastructure Investment Group (evergreen)​

Discover our Swiss Mortgages Investment Group

Your investor profile

Qualified Investors

Important legal information

By accessing the website of Patrimonium Asset Management AG (“Patrimonium”) or any affiliated company mentioned on its website (the “Website”), you confirm that you have understood and agreed with the legal terms and conditions of the Website. If you do not agree with the terms and conditions, you must not access the Website. The Website contains information relating to a large number of financial instruments that are registered and managed in various jurisdictions. We therefore ask that you indicate your place of domicile before accessing any information about these instruments. Private investors’ access to any such information will be limited to the financial instruments authorised for sale to private investors in their country of domicile.

Local legal restrictions

None of the financial instruments referred to on the Website will be made available, nor will the corresponding prospectuses be distributed to persons residing in any country, state or jurisdiction where the marketing of such financial instruments would be contradictory to local law or regulation. Persons to whom such restrictions apply must not access the Website. Website users are responsible for ensuring that they are legally entitled to access the Website. Only the prospectuses, annual reports of the financial instruments and eventually the key information document(s) contain the information and specific details that may be required by the regulators of individual jurisdictions. None of the financial instruments listed on the Website is or will be registered in the United States of America under the 1933 Securities Act as amended. Therefore, none of them is intended to be offered, either directly or indirectly, in the United States of America (including its territories and colonies), to nationals and persons domiciled in the United States of America, to persons normally domiciled in the United States of America or to persons for the benefit of or in favour of US nationals (as defined in Regulation S of the 1933 Securities Act). Persons to whom such restrictions apply must not access the Website.

Intellectual property and copyright

Unless indicated otherwise, Patrimonium is the owner or holder of all rights associated with and components of the Website, including its data, charts and drawings. Any total or partial reproduction, representation, distribution or redistribution of the content of the Website through any process whatsoever without the prior written consent of Patrimonium is prohibited. The whole content of the Website is subject to copyright (all rights reserved). Patrimonium is a national and international registered trademark. Using the Website does not grant users any rights regarding its content, software, registered trademarks or any other element of the Website. Any reproduction or utilization of the Website or Patrimonium’s logo without the prior written consent of Patrimonium is prohibited.

No offer

The information and opinions disclosed on the Website constitute neither an invitation nor an offer to make or liquidate an investment, nor an invitation nor an offer to perform any other transaction. The information and opinions provided on the Website do not constitute recommendations or guidance for decisions concerning any investments and other matters and are not intended as advice in any way. Any investment decision must be based on an analysis of the associated risks (including but not limited to any legal, regulatory, tax or other consequences) as well as on the relevant, specific advice of an independent professional. The information provided is neither investment advice nor otherwise based on a consideration of the personal circumstances of the addressee nor is it the result of objective or independent research.
Investors should contact a qualified tax advisor for information about the possible tax-related consequences of holding, purchasing or selling shares in companies, funds or other investment vehicles.

Investment funds

The information about Patrimonium services and products given on the Website is not intended for any persons residing in a country or jurisdiction where access to such information or the publication of such information is forbidden by law.

For the Patrimonium Swiss Real Estate Fund – a Swiss collective investment scheme organised as a contractual fund under Swiss law – its fund contract, prospectus, key information document and latest interim and annual reports can be obtained free of charge and upon request from the fund management company and from the fund distributor(s).

For the Patrimonium Middle Market Debt Fund – a collective investment scheme organised under Luxembourg law and restricted to qualified investors – its prospectus, key information document (if applicable) and latest interim and annual reports can be obtained free of charge and upon request from the fund management company, the fund distributors or the fund representative in Switzerland. This Swiss representative is the Geneva office of Acolin Fund Services AG, located at Cours de Rive 6, 1204 Geneva, Switzerland. The fund’s paying agent in Switzerland is Banque Cantonale de Genève, located at 17 Quai de l’Ile, 1208 Geneva, Switzerland.

For the Private Credit Co-Investor Fund – a collective investment scheme organised under Luxembourg law and restricted to qualified investors – its prospectus, key information document (if applicable) and latest interim and annual reports can be obtained free of charge and upon request from the fund management company, the fund distributors or the fund representative in Switzerland. This Swiss representative is Credit Suisse Funds AG, located at Uetlibergstrasse 231, 8045 Zurich, Switzerland. The fund’s paying agent in Switzerland is Credit Suisse (Schweiz) AG, located at Paradeplatz 8, 8001 Zurich, Switzerland.

For the Patrimonium Private Equity Fund – a special limited partnership organised under Luxembourg law and restricted to qualified investors – its prospectus, key information document (if applicable) and latest interim and annual reports can be obtained free of charge and upon request from the fund management company, the fund distributors or the fund’s representative in Switzerland. This Swiss representative is the Geneva office of Acolin Fund Services AG, located at Cours de Rive 6, 1204 Geneva, Switzerland. The fund’s paying agent in Switzerland is Banque Cantonale de Genève, located at 17 Quai de l’Ile, 1208 Geneva, Switzerland.

No guarantee

The information and opinions disseminated on the Website are based on public information, data developed internally and other reputedly reliable sources. Patrimonium is as diligent as possible in compiling and updating the information on the Website. However, Patrimonium and its contractual partners do not furnish any guarantee (including liability towards third parties) with regards to the correctness, updating and completeness of the information and opinions disclosed on the Website.

The content of the Website is likely to be modified at any time and without notice. Furthermore, Patrimonium does not assume any responsibility and does not guarantee in any way that the functions on the Website will not be interrupted or that they are free of errors, that any errors are rectified or that the Website and its server are free of viruses or any other detrimental elements. Any of the information, performance data and other representations, links or other messages may be changed at any time without prior notice or explanation to users.

Performance and risk

Positive returns (value accretion) in the past are not a guarantee of positive returns in the future. In particular, there is no guarantee that an investor’s capital will be protected or that the value of employed capital or of shares will be equal to or greater than an investor’s original investment when the investor sells his shares or withdraws his capital. Investments in foreign currencies are exposed to the additional risk of unfavourable movements in exchange rates. If an investment is denominated in a currency other than your base currency, changes in the rate of exchange may have an adverse effect on value, price or income. The price and value of investments mentioned and any income that might accrue may fluctuate and may fall or rise. The value of such investments depends in part on the volatility of the corresponding exchange rates, and movements in these rates might bear negatively on the value of invested capital. The potential risks and returns of investments are also dependent on the managers’ investments policies and emphases. The value of investments may go up as well as down. Like any investment, an investment with Patrimonium has risks, in particular the risk of losing the amount invested. The risk factors of the financial instruments discussed on the Website are described in more detail in the fund prospectuses.

Exclusion of liability

Patrimonium and its contractual partners decline any liability (including negligence and third-party liability) for any direct, indirect or consequential loss or damage arising from reliance on this website, in connection with the information, performance data and other representations, links or other communications contained on the Website or related to the risks of financial markets. If nothing is indicated to the contrary, all figures are unaudited.

Website links

Users may leave the Website by clicking on a link. Visiting these external websites shall be done exclusively at users’ own risk. Patrimonium has not verified the content or security of external websites accessible through links on its own Website and does not assume any responsibility for the information they contain, particularly not for any offers, information or opinions. Patrimonium does not assume any responsibility for any damage caused during visits to such external websites. Users may visit external websites under their own responsibility and at their own risk.

Patrimonium shall not be liable for losses resulting from email messages that are received late or not at all. This also applies to other unprotected forms of communication whose function and risk exposure is similar to that of email messages.

Applicable law

Any legal relationship arising between Patrimonium and an individual or entity as a result of using the Website will be subject exclusively to Swiss law.