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PRI reporting framework 2017

You are in Organisational Overview » Basic Information

Basic Information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.2. Additional information. [Optional]

Geroa Pentsioak EPSV is a Voluntary Social Welfare Entity for employment. This is a private entity with its own legal personality, independent from Financial Entities, that is voluntary and social. Within the Basque Country, its purpose is to complement Social Security pensions. The contingencies it covers are retirement, disability and death of employees for companies and sectors who are members.

EPSVs are Basque Country Pension Plans, and they are regulated and supervised by the Autonomous Community of the Basque Country. There is an entire series of legal and regulatory standards from the Parliament and the Basque Government regulating EPSVs in regards to their establishment, operation, liquidity, etc., so they have certain characteristics of their own that set them apart from pension funds.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.


02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

17.6 FTE

02.4. Additional information. [Optional]

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

Geroa Pentsioak EPSV holds 50% of ORZA AIE, but is not signatory of UNPRI for the time being on its own behalf.

ORZA, AIE. is an entity held by ELKARKIDETZA EPSV (50%) and GEROA PENTSIOAK EPSV (50%). This is an entity whose purpose is to purchase shares at unlisted companies. This holding is channelled for company expansion projects, MBO and MBI operations, to resolve corporate succession issues or to replace minority shareholders.  ORZA, AIE., participates in managing its shares with an active presence on Boards of Administrators, providing knowledge, contacts and relationships between shareholders that can create decisive synergies.   ORZA, AIE.'s aim is not short-term. This is a partner who aims to stay longer than Venture Capital entities. This is a partner who can finance successive phases of growth for a company.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.


04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

The total assets under Geroa Pentsioak EPSV's management as of 31/12/2016 were 1,853,116,755.64€.  This amount includes 45,020,161€ under ORZA. AIE. (Subsidiary entity of GEROA PENTSIOAK EPSV).  Throughout this report, we will not be reporting on ORZA AIE's part, so we deem that our AUM is 1,808,096,594.64€

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)


Listed equity 10-50% 29.91 0 0
Fixed income >50% 50.25 0 0
Private equity <10% 0.86 0 0
Property <10% 2.47 0 0
Infrastructure <10% 0.6 0 0
Commodities <10% 0.89 0 0
Hedge funds <10% 0.49 0 0
Forestry <10% 0.33 0 0
Farmland <10% 0.32 0 0
Inclusive finance 0 0 0 0
Cash 10-50% 10.19 0 0
Other (1), specify <10% 0.91 0 0
Other (2), specify <10% 2.79 0 0

'Other (1)' specified

          Convertible Bonds

'Other (2)' specified

          Structured Products

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market (Private)