Methodology
What this database covers
This database tracks European institutional real-estate allocators — pension funds, insurance companies, and sovereign wealth funds that allocate capital to non-listed real estate on behalf of beneficiaries or their own balance sheet. Asset managers and fund-of-funds managers are recorded separately and excluded from the denominator counts.
Denominator sources
Each country’s denominator is derived from a regulatory register, not from a commercial database. This makes the counts citable and independently verifiable.
| Country | Population | Source | Status | As of |
|---|---|---|---|---|
| DE | IORPs (156) + Versicherer (627) + Versorgungswerke (90) + ZVK (23) | EIOPA, ABV, AKA | Settled | 2022–2024 |
| CH | 1,538 Pensionskassen + 750 Versicherungen | OAK BV (7 cantonal registers), FINMA | Settled | 2022 |
| UK | ~5,000 occupational pension schemes (DB+DC) | TPR (statistical) | Settled | 2022 |
| AT | IORPs + Versicherungen | EIOPA | Settled | 2022 |
| NL | IORPs + Verzekeraars | EIOPA | Settled | 2022 |
| FR | Retraite supplémentaire + Assureurs | EIOPA | Partial | 2022 |
| SE | Major pension companies (Skandia Liv, SPP, Länsförsäkringar, et al.) | Finansinspektionen | Unavailable — interactive register only | 2026 |
| NO | 86 private + municipal + other | Finanstilsynet (2020 annual report) | Settled (count only) | 2020 |
Coverage definition
An investor is marked covered if CapitaLand Investment’s capital-raising team (Bernhard Karas and colleagues) has any contact record in the CLI workbooks. “Covered” ≠ “committed” — it means a relationship exists or has existed.
Known limitations
- SE denominator is unavailable (FI register is interactive-search-only; entity count not published). SE is excluded from the funnel chart denominator.
- AP fund duplicates (AP1–AP3) exist in the database from a merge in August 2026. They are excluded from all visualizations pending a deduplication pass.
- AUM figures are from 2022 databases (PERE/Preqin). They are indicative only and should not be cited externally.
Database version: 1024 investors · Last updated: 2026-08-25 · Contact: Clemens Schranz