The judges commended the fund for its disciplined, forward-looking approach to building resilient long-term outcomes. A substantial allocation to illiquid investments, including private equity, tangible assets, and private debt secondaries, demonstrates advanced structuring and strategic foresight, while a shift from closed-end funds to managed accounts allows greater control over exposures. The dedicated in-house team for alternative investments ensures disciplined management across complex asset classes. At the same time, BPF has strengthened stability through innovative fixed-income solutions, including a guaranteed bond product and a robust LDI strategy that halves portfolio risk while preserving return expectations. Dynamic equity positioning, prudent de-risking, and targeted active-passive decisions further reinforce resilience. Together, these achievements exemplify industry-leading portfolio construction. Bosch's entry exhibits a robust, well-governed approach that balances innovation with prudent diversification, positioning the fund and its members to capitalise on European market opportunities effectively.