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Institutional LPInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 5 SOURCES

Generali Deutschland

German subsidiary of (Generali group) Assicurazioni Generali

Also known as Generali Deutschland AG, Generali in Deutschland

Munich-based German insurance group of Generali (€15.5bn premiums, >9M customers); investor in the €1bn Wachstumsfonds Deutschland VC fund of funds.

Munich-based German insurance arm of the Italian Generali group (separate profiles: assicurazioni-generali, generali-france).

HEADQUARTERS
München, Germany
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
3 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Venture capitalFunds (as LP)
GEOGRAPHY
GermanyEurope

Investment arms & vehicles

  • Insurance brand of Generali in Germany
  • Insurance brand of Generali in Germany

Overview

Generali Deutschland AG is the Munich-based holding of the Generali group's German insurance business, active in life, health and property-casualty under the brands Generali, CosmosDirekt and Dialog, with about €15.5bn of premium income and more than 9 million customers. KfW Capital named Generali Deutschland AG among the more than 20 institutional investors in the Wachstumsfonds Deutschland, a €1bn venture-capital fund of funds that reached its target volume in November 2023, and its Chief Investment Officer Ulrich Ostholt said the group was delighted to be an investor in it.

PORTFOLIO (1)

  • Wachstumsfonds Deutschland (VC fund of funds advised by KfW Capital; final closing at €1bn)
    since 2023

People

  • Stefan Lehmann
    Chief Executive Officer, Generali Deutschland AG; Country Manager Germany · source
  • Ulrich Ostholt
    Chief Investment Officer · source
  • Edoardo Malpaga
    Chief Financial Officer · source

Links

Frequently asked questions

Generali Deutschland is a institutional investor based in München, Germany.

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

Key people at Generali Deutschland include Stefan Lehmann (Chief Executive Officer, Generali Deutschland AG; Country Manager Germany), Ulrich Ostholt (Chief Investment Officer) and Edoardo Malpaga (Chief Financial Officer).

Generali Deutschland's investments include Wachstumsfonds Deutschland (VC fund of funds advised by KfW Capital; final closing at €1bn).

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