Berliner Ärzteversorgung
Also known as BÄV, Medical Practitioners' Pension Fund of Berlin
Berlin doctors' pension scheme with €12.3bn of assets (2024); 40.2% in alternatives (private equity, private debt, infrastructure, timber) at end 2025, invested via external managers.
Not to be confused with the Bayerische Ärzteversorgung (managed by the Bayerische Versorgungskammer, Munich) or the Ärzteversorgung Westfalen-Lippe.
- HEADQUARTERS
- Berlin, Germany
- FOUNDED
- 1966
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 6 people
FOCUS
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityPrivate creditReal estatePublic equitiesImpact
- GEOGRAPHY
- Global
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
ABOUT
The Berliner Ärzteversorgung is the professional pension scheme of the Ärztekammer Berlin, founded in 1966, providing old-age, disability and survivors' pensions to Berlin doctors. Its investment assets reached €12.3bn at the end of 2024. At 31 December 2025, 40.2% of the portfolio was in alternative investments (private equity, private debt, infrastructure and timber), 30.2% in real estate, 16.7% in bonds and 9.8% in equities. It invests mainly through funds and mandates run by external investment managers, started with a private equity fund of funds in 2012 according to portfolio institutionell, and has made impact investments since 2022, including the Mirova Energy Transition 5 fund.
PORTFOLIO (3)
- Mirova Energy Transition 5 (MET5) — impact fund for renewable energy, storage, e-mobility and energy infrastructure in Europe/OECDClimate & Energy
- Wohnensemble Wilmersdorf (impact real estate investment, Berlin)Real Estate & PropTech
- Private equity fund of funds (first alternatives investment, 2012; manager not named)since 2012
TEAM
- Dr. Matthias AlbrechtChairman of the Administrative Committee (Vorsitzender des Verwaltungsausschusses) · source
- Dr. Stefan HochfeldDeputy Chairman of the Administrative Committee · source
- Dr. Roland UrbanChairman of the Supervisory Committee (Aufsichtsausschuss) · source
- Dr. Thomas WildfeuerChairman of the Representative Assembly (Vertreterversammlung) · source
- Stefan ThieleManaging Director, VGV Verwaltungsgesellschaft für Versorgungswerke mbH (administrator) · source
- Martina NitschkeManaging Director, VGV Verwaltungsgesellschaft für Versorgungswerke mbH · source
LINKS
FAQ
Berliner Ärzteversorgung is a institutional investor based in Berlin, Germany, founded in 1966.
Berliner Ärzteversorgung does not primarily invest directly in private companies. It also commits capital to third-party funds as an LP.
Key people at Berliner Ärzteversorgung include Dr. Matthias Albrecht (Chairman of the Administrative Committee (Vorsitzender des Verwaltungsausschusses)), Dr. Stefan Hochfeld (Deputy Chairman of the Administrative Committee), Dr. Roland Urban (Chairman of the Supervisory Committee (Aufsichtsausschuss)) and Dr. Thomas Wildfeuer (Chairman of the Representative Assembly (Vertreterversammlung)).
Berliner Ärzteversorgung's investments include Mirova Energy Transition 5 (MET5) — impact fund for renewable energy, storage, e-mobility and energy infrastructure in Europe/OECD, Wohnensemble Wilmersdorf (impact real estate investment, Berlin) and Private equity fund of funds (first alternatives investment, 2012; manager not named).
No. Berliner Ärzteversorgung invests its own capital and does not raise money from outside investors.