Alte Leipziger – Hallesche (ALH Gruppe)
Also known as ALH Gruppe, Alte Leipziger, Hallesche, Alte Leipziger Lebensversicherung a.G., Hallesche Krankenversicherung a.G.
Oberursel-based mutual insurance group (Alte Leipziger, Hallesche); Alte Leipziger group investments €31.5bn, with €3.2bn infrastructure and €1.1bn private-equity fund commitments.
German mutual insurance group based in Oberursel (Taunus); not related to the city of Leipzig or to Halle-based institutions despite the names.
- HEADQUARTERS
- Oberursel (Taunus), Germany
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 8 people
FOCUS
- STAGES
- GrowthBuyout
- ASSET MIX
- Funds (as LP)Private equityPrivate creditReal estate
- GEOGRAPHY
- EuropeGlobal
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
- Alte Leipziger Lebensversicherung a.G.Mutual life insurer, one of the two parent companies
- Hallesche Krankenversicherung a.G.Mutual health insurer, one of the two parent companies (seat Stuttgart)
- Alte Leipziger Trust Investment-Gesellschaft mbHGroup investment company (Investment-Gesellschaft mbH, Oberursel)
- ALH Private Equity SCA SICAV-RAIFGroup private-equity fund vehicle (Teilfonds 1)
- ALH EERA SCS SICAV-RAIF – Infrastructure FoFGroup infrastructure fund-of-funds vehicle
ABOUT
The ALH Gruppe is formed by two mutual insurers, Alte Leipziger Lebensversicherung a.G. (Oberursel) and Hallesche Krankenversicherung a.G. (Stuttgart), and their subsidiaries, including Alte Leipziger Versicherung AG, Alte Leipziger Bauspar AG and the group investment company Alte Leipziger Trust Investment-Gesellschaft. The Alte Leipziger group held investments of €31.5bn at 31 December 2025, excluding unit-linked assets. Infrastructure equity and debt investments are made through special funds and fund-of-funds vehicles. The group is building up private equity, diversified across strategies, markets and vintages, with €1.14bn of private-equity fund commitments at the end of 2025.
INVESTMENT THESIS
Security-first investment of policyholder money; infrastructure (equity and debt) via special funds and fund-of-funds with geographic and sector diversification; growing private-equity allocation diversified across strategies, geographies and vintage years.
PORTFOLIO (8)
- ALH EERA SCS SICAV-RAIF – Infrastructure FoF (fund units)Climate & Energy
- ALH EDRA SCS SICAV-RAIF – AL FoF 1 (European debt real assets, fund units)
- ALH Private Equity SCA SICAV-RAIF – Teilfonds 1 (fund units)
- Allianz European Infrastructure Fund S.A. RAIF (fund units)Climate & Energy
- Allianz Testudo SCSp (fund units)
- Bridge Europe 2018 Senior (infrastructure debt fund units)
- Bridge Europe 2023 Senior (infrastructure debt fund units)
- PERISKOP Living Holding SCS RAIF – Senior Living (fund units)Real Estate & PropTech
TEAM
- Christoph BohnChair of the Managing Board (Vorsitzender des Vorstands) · source
- Dr. Jürgen BierbaumDeputy Chair of the Managing Board · source
- Alexander MayerMember of the Managing Board, investments and finance (Kapitalanlagen, Finanzen) since 1 July 2025 · source
- Udo WilcsekMember of the Managing Board · source
- Robert GladisMember of the Managing Board · source
- Dr. Jochen KriegmeierMember of the Managing Board · source
- Christian PapeMember of the Managing Board · source
- Dr. Walter BotermannChair of the Supervisory Board · source
LINKS
FAQ
Alte Leipziger – Hallesche (ALH Gruppe) is a institutional investor based in Oberursel (Taunus), Germany.
Alte Leipziger – Hallesche (ALH Gruppe) does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.
Alte Leipziger – Hallesche (ALH Gruppe) invests at Growth and Buyout stages in Climate & Energy, Industrial & Manufacturing and Real Estate & PropTech.
Key people at Alte Leipziger – Hallesche (ALH Gruppe) include Christoph Bohn (Chair of the Managing Board (Vorsitzender des Vorstands)), Dr. Jürgen Bierbaum (Deputy Chair of the Managing Board), Alexander Mayer (Member of the Managing Board, investments and finance (Kapitalanlagen, Finanzen) since 1 July 2025) and Udo Wilcsek (Member of the Managing Board).
Alte Leipziger – Hallesche (ALH Gruppe)'s investments include ALH EERA SCS SICAV-RAIF – Infrastructure FoF (fund units), ALH EDRA SCS SICAV-RAIF – AL FoF 1 (European debt real assets, fund units), ALH Private Equity SCA SICAV-RAIF – Teilfonds 1 (fund units), Allianz European Infrastructure Fund S.A. RAIF (fund units), Allianz Testudo SCSp (fund units), Bridge Europe 2018 Senior (infrastructure debt fund units), Bridge Europe 2023 Senior (infrastructure debt fund units) and PERISKOP Living Holding SCS RAIF – Senior Living (fund units).
No. Alte Leipziger – Hallesche (ALH Gruppe) invests its own capital and does not raise money from outside investors.