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TELLCO BANK

Tellco Investment Foundation

Investment solutions in real estate and private equity for Swiss pension funds

Select investment solutions for your pension capital

The Tellco Investment Foundation was established in 2005 as a foundation pursuant to the Swiss Civil Code. It is subject to supervision by the Occupational Pension Supervisory Commission (Oberaufsichtskommission Berufliche Vorsorge, OPSC). It is open to Swiss staff pension funds, as well as vested benefits foundations and pension 3a foundations, who have the option of investing in the foundation’s investment groups.

Offering of the Tellco Investment Foundation

Swiss residential and commercial properties

A broadly diversified portfolio of high-quality residential and commercial properties in Switzerland, which ensures stable returns.

Prospectus"Tellco AST Real Estate Switzerland" (PDF)

Factsheet "Tellco AST Real Estate Switzerland" (PDF)

Commercial real estate Switzerland

Commercial properties in attractive locations for sustained growth in value.

Prospectus "Tellco AST Commercial Real Estate Switzerland" (PDF)

Factsheet "Tellco AST Commercial Real Estate Switzerland" (PDF)

Private equity

A balanced portfolio of primary and secondary investments in the area of private equity, with a focus on buyout and growth capital in developed markets. This investment group is in run-off.

Prospectus "Tellco AST Private Equity Run-off" (PDF)

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Advantages of the Tellco Investment Foundation

The Tellco Investment Foundation offers numerous advantages that make it a preferred solution for pension institutions:

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Extensive say

Investors have extensive say in relation to the size of their investments and can actively help shape the decision-making processes.
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Attractive conditions and low fees

Thanks to competitive conditions, the investment foundation offers a cost-efficient way to invest pension capital profitably. 
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Corporate governance and risk management

Strict policies and transparent processes in corporate governance and risk management guarantee the highest standards and security for your investments.

Swiss residential real estate

The Swiss Real Estate investment group mainly invests in residential property. The real estate portfolio’s total component of business premises may not exceed 35%.

We focus on the urban metropolitan areas of Zurich, St.Gallen, Basel, Bern, Geneva, Lausanne and central Switzerland and their conurbations.

The quality criteria used to select our real estate include geographic location, condition of the property, sustainability of the energy balance, fit-out standard and therefore potential of the property, as well as an evenly balanced list of tenants. We also make sure that the property is not entered in the register of potentially contaminated sites.


We invest only in properties worth more than CHF 2 million and ensure that no property accounts for more than 15% of net assets. The borrowed capital may not exceed 30% of the market value.

Swiss commercial real estate

The Swiss Commercial Real Estate investment group mainly invests in commercial property. The proportion of residential property may not exceed 20%.

We focus on the urban metropolitan areas of Zurich, St.Gallen, Basel, Bern, Geneva, Lausanne and central Switzerland and their conurbations.

The quality criteria used to select our real estate include geographic location, condition of the property, sustainability of the energy balance, fit-out standard and therefore potential of the property, as well as an evenly balanced list of tenants.
We invest only in properties with a value of more than CHF 2 million and ensure that no property accounts for more than 15% of net assets.

Private equity

The Private Equity investment group is a global and broadly diversified private equity portfolio. The focus is on indirect secondary investments and a small proportion of primary investments. The private equity investments focus on buyout and growth capital strategies in developed markets.

The investment group is in run-off.

The fee model is based on the invested capital (net asset value).

As a strong partner in the area of asset management, BlackRock Asset Management Schweiz AG in Zurich provides support to us in the Private Equity investment group.

Transparent and responsible corporate governance

Robust corporate governance as the basis for a sustainable and successful investment strategy.

  • Independent Board of Trustees: The Board of Trustees consists of three outside independent specialists, who ensure objective and professional management.
  • Transparent business practices: All legal transactions with associates are documented and disclosed, and loyalty declarations are obtained annually in order to avoid conflicts of interest.  In addition, the necessary competitive offers are obtained to ensure the best quality and cost efficiency.
  • KGAST membership: The Tellco Investment Foundation is a member of KGAST (Conference of Managers of Investment Foundations) and adheres to its quality guidelines. An independent outside investment controller monitors compliance with the investment guidelines to ensure reliable and compliant management. 

Sustainability – 2050 in the spotlight

The Tellco Investment Foundation is actively committed to achieving the federal government’s net zero target by 2050. With 103 properties (as of September 2024), the Swiss Real Estate investment group plays a key role in this. The Sustainability Report presents the portfolio’s key energy figures and shows how sustainability aspects are integrated, what goals are being pursued and how the sustainability strategy will develop in the future. 

Find out more in the latest Sustainability Report (PDF) of the Tellco Investment Foundation.

Risk management

The portfolios are actively managed, broadly diversified and consist of high-quality investments. In this way, we ensure stable income.

Our investments are screened, analysed in terms of fundamentals, technical issues and portfolio optimisation measures, and monitored for risk and performance. 

In addition to the generally applicable dual control principle, the Tellco Investment Foundation has established an independent risk management process. The superordinate goals of this process include the securing of consistent compliance with internal and external guidelines, the avoidance of risks that cannot be calculated, and the establishment of an early warning system, both for risk exposure and for potential compliance violations.

An outside independent investment controller checks whether regulations, directives and all investment guidelines are being complied with at all times. 

Contact or callback

Do you have any questions, or would you like to schedule a no-obligation consultation? Our specialists will be happy to help you.
Contact us

Structure and organisation

Board of Trustees

Hintergrund Schwyz
Cornelia Deragisch Chur
President
Term of office:
2022 - 2025
Hintergrund Schwyz
Markus Staubli Maur

Term of office:
2012 - 2025
Hintergrund Schwyz
Gilbert Huber Zurich

Term of office:
2019 - 2025

Management

Tellco Bank Ltd, Schwyz, Christa Janjic-Marti

Real estate portfolio management

Tellco Bank Ltd, Schwyz, Patrick Morf

Real estate management

Tellco Real Estate Ltd, Baar, Roman Wiget

Auditor

Grant Thornton Ltd, Claridenstrasse 35, 8002 Zurich

Supervisory authority

Occupational Pension Supervisory Commission (OAK BV), Bern

Commercial register company no.

CHE-112.671.868

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