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Institutional LPInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 4 SOURCES

BarmeniaGothaer

Also known as BarmeniaGothaer AG, Barmenia.Gothaer Finanzholding AG, Gothaer, Gothaer Versicherung, Gothaer Versicherungsbank VVaG, Barmenia, Barmenia Versicherungen a. G.

Mutual insurance group formed by Barmenia and Gothaer; €51.1bn of investments (2025), 8.9% in private capital and 5.9% in infrastructure; investor in Wachstumsfonds Deutschland.

HEADQUARTERS
Köln, Germany
FOUNDED
—
AUM
€51.1B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
9 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private equityPrivate creditReal estatePublic equitiesFunds (as LP)Venture capital
GEOGRAPHY
Global

Investment arms & vehicles

  • BarmeniaGothaer Asset Management AG
    Group asset manager; front, middle and back office for the group's investments
  • Gothaer Lebensversicherung AG
    Main life insurer of the group
  • Gothaer Pensionskasse AG
    Occupational pension fund of the group

Overview

BarmeniaGothaer is a German insurance group formed by the mutuals Barmenia Versicherungen a. G. (Wuppertal) and Gothaer Versicherungsbank VVaG (Cologne), which hold 36% and 64% of the holding company BarmeniaGothaer AG. The group's investment portfolio had a book value of €51.07bn at the end of 2025. On a look-through market-value basis, 8.9% was in private capital, 5.9% in infrastructure, 10.2% in real estate and 0.3% in natural capital, with the bulk in interest and credit instruments; private capital, infrastructure and real estate include both equity and debt. Its list of holdings shows interests in venture, private debt, secondaries, infrastructure and real estate funds, and Gothaer Versicherung is named among the investors of the Wachstumsfonds Deutschland venture fund of funds.

PORTFOLIO (18)

  • Wachstumsfonds Deutschland (VC fund of funds; Gothaer Versicherung named among its investors)
  • Accession Mezzanine Capital III L.P. (fund; 16.9% interest)
  • Beechbrook Private Debt III L.P. (fund; 15.5% interest)
  • Curzon Capital Partners IV L.P. (fund; 8.6% interest)
    Real Estate & PropTech
  • European Property Investors Special Opportunities 4 LP (fund; 2.7% interest)
    Real Estate & PropTech
  • Falcon Strategic Partners IV, L.P. (fund; 2.8% interest)
  • Falcon Strategic Partners V (Cayman), L.P. (fund; 31.1% interest)
  • FirstMark Capital II, L.P. (fund; 14.0% interest)
  • FirstMark Capital III L.P. (fund; 13.8% interest)
  • FirstMark Capital OF I, L.P. (fund; 16.9% interest)
  • heal.capital I GmbH & Co. KG (fund; 12.9% interest)
    HealthTech
  • PineBridge Secondary Partners III L.P. (fund; 11.4% interest)
  • PineBridge Secondary Partners IV Feeder, SLP (fund; 10.5% interest)
  • Praesidian Capital Bridge Fund, L.P. (fund; 19.9% interest)
  • RREEF Pan-European Infrastructure Feeder GmbH & Co. KG (fund; 27.8% interest)
  • SilkRoad Asia Value Parallel Fund SCS, SICAV-SIF (fund; 14.7% interest; in liquidation)
    In liquidation
  • VENPACE GmbH & Co. KG (17.6% interest)
  • WAI S.C.A., SICAV-FIS / Private Equity Secondary 2008 (fund; 22.1% interest)

People

  • Dr. Andreas Eurich
    Co-Chair of the Executive Board, BarmeniaGothaer AG · source
  • Oliver Schoeller
    Co-Chair of the Executive Board, BarmeniaGothaer AG · source
  • Thomas Bischof
    Member of the Executive Board; CEO of Barmenia Allgemeine Versicherungs-AG and Gothaer Allgemeine Versicherung AG · source
  • Dr. Sylvia Eichelberg
    Member of the Executive Board · source
  • Harald Epple
    Member of the Executive Board · source
  • Frank Lamsfuß
    Member of the Executive Board · source
  • Christian Ritz
    Member of the Executive Board; CEO of Barmenia Krankenversicherung AG and Gothaer Krankenversicherung AG · source
  • Alina vom Bruck
    Member of the Executive Board; CEO of BarmeniaGothaer Lebensversicherung AG · source
  • Prof. Dr. Werner Görg
    Chairman of the Supervisory Board · source

Links

Frequently asked questions

BarmeniaGothaer is a institutional investor based in Köln, Germany.

BarmeniaGothaer does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.

Key people at BarmeniaGothaer include Dr. Andreas Eurich (Co-Chair of the Executive Board, BarmeniaGothaer AG), Oliver Schoeller (Co-Chair of the Executive Board, BarmeniaGothaer AG), Thomas Bischof (Member of the Executive Board; CEO of Barmenia Allgemeine Versicherungs-AG and Gothaer Allgemeine Versicherung AG) and Dr. Sylvia Eichelberg (Member of the Executive Board).

BarmeniaGothaer's investments include Wachstumsfonds Deutschland (VC fund of funds; Gothaer Versicherung named among its investors), Accession Mezzanine Capital III L.P. (fund; 16.9% interest), Beechbrook Private Debt III L.P. (fund; 15.5% interest), Curzon Capital Partners IV L.P. (fund; 8.6% interest), European Property Investors Special Opportunities 4 LP (fund; 2.7% interest), Falcon Strategic Partners IV, L.P. (fund; 2.8% interest), Falcon Strategic Partners V (Cayman), L.P. (fund; 31.1% interest) and FirstMark Capital II, L.P. (fund; 14.0% interest), among others.

No. BarmeniaGothaer invests its own capital and does not raise money from outside investors.