Key Takeaways
- • Helvetia Anlagestiftung and Mercer Alternatives have secured an initial $120m in capital commitments from Swiss pension funds for their Infrastructure Equity Global Evergreen strategy, according to IPE Real Assets.
- • The strategy, launched in Q4 2025, targets core, core-plus and value-add global infrastructure via primary and secondary funds and co-investments.
- • The vehicle targets an expected net annual return of 10–12% per year in US dollar terms across energy, utilities, communications, transport and social infrastructure.
- • Swiss pension infrastructure allocations have risen, partly driven by a 10% investment quota for the asset class, though most schemes still hold strategic allocations of 4%–8% per Complementa.
Summary
Swiss collective investment foundation Helvetia Anlagestiftung and Mercer Alternatives have secured an initial $120m in capital commitments from Swiss pension funds for a new global evergreen infrastructure equity strategy, according to IPE Real Assets. The vehicle, the Infrastructure Equity Global Evergreen strategy, was launched in the fourth quarter of 2025 and was designed specifically for Swiss pension funds.
The strategy will give Swiss pensions access to a diversified set of global infrastructure opportunities across core, core-plus and value-add strategies. Exposure will be obtained through primary and secondary funds as well as co-investments. Target sectors include energy, utilities, communications, transport and social infrastructure, with an expected net annual return of 10–12% per year in dollar terms.
Dunja Schwander, managing director at Helvetia Anlagestiftung, said the successful launch was an important milestone in the foundation's effort to offer Swiss pension funds tailor-made investment solutions, and that the partners aim to invest with a robust risk-return profile. Tobias Wolf, partner and head of investments at Mercer Switzerland, said the positive start to fundraising sets the stage for rapid expansion of the portfolio and reflects confidence in the asset class. He noted that the evergreen structure will allow future investors to buy into an existing portfolio.
The commitments come as infrastructure allocations among Swiss pension funds have grown in recent years, driven in part by the introduction of a 10% investment quota for the asset class. According to consultancy Complementa, most Swiss schemes maintain strategic infrastructure allocations between 4% and 8%, while some funds have set targets of up to 10% of total assets.
The strategy will give Swiss pensions access to a diversified set of global infrastructure opportunities across core, core-plus and value-add strategies. Exposure will be obtained through primary and secondary funds as well as co-investments. Target sectors include energy, utilities, communications, transport and social infrastructure, with an expected net annual return of 10–12% per year in dollar terms.
Dunja Schwander, managing director at Helvetia Anlagestiftung, said the successful launch was an important milestone in the foundation's effort to offer Swiss pension funds tailor-made investment solutions, and that the partners aim to invest with a robust risk-return profile. Tobias Wolf, partner and head of investments at Mercer Switzerland, said the positive start to fundraising sets the stage for rapid expansion of the portfolio and reflects confidence in the asset class. He noted that the evergreen structure will allow future investors to buy into an existing portfolio.
The commitments come as infrastructure allocations among Swiss pension funds have grown in recent years, driven in part by the introduction of a 10% investment quota for the asset class. According to consultancy Complementa, most Swiss schemes maintain strategic infrastructure allocations between 4% and 8%, while some funds have set targets of up to 10% of total assets.
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