BGV Badische Versicherungen
Also known as Badischer Gemeinde-Versicherungs-Verband, BGV, BGV-Versicherung AG, Badische Rechtsschutzversicherung AG
Karlsruhe municipal insurance group (public-law corporation, founded 1923); €1.2bn investments (2025); LP stakes in LEA Partners' Mittelstand and venture funds.
- HEADQUARTERS
- Karlsruhe, Germany
- FOUNDED
- 1923
- AUM
- €1.2B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
Focus
- STAGES
- —
- SECTORS
- —
- GEOGRAPHY
- Germany
Overview
The Badischer Gemeinde-Versicherungs-Verband (BGV) is a public-law corporation founded in Mannheim on 27 March 1923 and based in Karlsruhe since 1924; it insures its municipal members in Baden and, through BGV-Versicherung AG and Badische Rechtsschutzversicherung AG, customers across Germany. The group's investment portfolio grew 5.2% to €1.2bn in 2025. Its list of shareholdings includes 2.5% of LEA Mittelstandspartner GmbH & Co. KG and 1.7% of LEA Venturepartner GmbH & Co. KG, both closed-end investment KGs in Karlsruhe. In 2025 the board of directors discussed the planned addition of private equity as an asset class to BGV's investment strategy.
PORTFOLIO (5)
- LEA Mittelstandspartner GmbH & Co. KG (LEA Partners; 2.5% stake)
- LEA Venturepartner GmbH & Co. KG (LEA Partners; 1.7% stake)
- SWK Beteiligungs GmbH & Co. geschlossene Investment-KG, Stuttgart (3.0% stake)
- Consal Beteiligungsgesellschaft AG, Munich (0.5% stake)
- Deutsche Rückversicherung AG (2.5% stake)
People
Links
Frequently asked questions
BGV Badische Versicherungen is a institutional investor based in Karlsruhe, Germany, founded in 1923.
BGV Badische Versicherungen does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Key people at BGV Badische Versicherungen include Matthias Kreibich (Chairman of the Management Board), Jürgen Schmitz (Deputy Chairman of the Management Board), Dr. Philipp Lechner (Member of the Management Board) and Dr. Christoph Schnaudigel (Chairman of the Board of Directors (Verwaltungsrat)).
BGV Badische Versicherungen's investments include LEA Mittelstandspartner GmbH & Co. KG (LEA Partners; 2.5% stake), LEA Venturepartner GmbH & Co. KG (LEA Partners; 1.7% stake), SWK Beteiligungs GmbH & Co. geschlossene Investment-KG, Stuttgart (3.0% stake), Consal Beteiligungsgesellschaft AG, Munich (0.5% stake) and Deutsche Rückversicherung AG (2.5% stake).
No. BGV Badische Versicherungen invests its own capital and does not raise money from outside investors.