The Patrimonium Investment Foundation was established in 2009 to invest in real estate and exclusively serve tax-exempt occupational pension funds domiciled in Switzerland – the only investors eligible for our Foundation.
Our Foundation manages the investment groups Swiss Residential Properties, Swiss Healthcare Properties, Sustainable Infrastructure (evergreen), and Swiss Mortgages.
We are regulated by the Swiss Occupational Pension Supervisory Commission and are bound by the strict transparency and quality standards of the Swiss Conference of Investment Foundation Managers (KGAST). Patrimonium Investment Foundation is a Swiss foundation as defined in Article 80 et seq. of the Swiss Civil Code and Article 53g et seq. of the Swiss Federal Act Law on Occupational Retirement, Survivors’ and Disability Pension Plans (LPP or BVG).
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
Clemens Schreiber
Managing Director
Christoph Syz
Deputy Managing Director
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.
Deloitte AG
OPSC
Swiss Occupational Pension Supervisory Commission
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.
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.
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.
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.
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.
The Patrimonium Investment Foundation manages four investment groups:
Further information on Patrimonium's expertise in these asset classes can be found under Real Estate and Infrastructure.
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.
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.
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.