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

HanseMerkur

Also known as HanseMerkur Versicherungsgruppe, HanseMerkur Krankenversicherung auf Gegenseitigkeit, HanseMerkur Holding SE, HanseMerkur Krankenversicherung AG

Hamburg mutual insurance group (roots 1875); insurers held private debt for 4+ years by 2021; group stays co-invested in its HanseMerkur Private Debt fund of funds.

Hamburg mutual insurance group; its asset manager HanseMerkur Trust AG also manages third-party money and is folded here, not profiled separately.

HEADQUARTERS
Hamburg, Germany
FOUNDED
1875
AUM
—
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
5 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private creditFunds (as LP)Real estate
GEOGRAPHY
Europe

Investment arms & vehicles

  • HanseMerkur Trust AG
    Wholly owned group asset manager; also runs special and public funds for third-party clients and launched a private-debt fund of funds in 2021

Overview

HanseMerkur is a Hamburg insurance group headed by the mutual HanseMerkur Krankenversicherung auf Gegenseitigkeit, with roots in the Hanseatische Krankenversicherung von 1875 Merkur VVaG. In September 2021 the group said its insurers had added private debt to their portfolios for more than four years, and its asset manager HanseMerkur Trust AG opened the closed-ended Luxembourg fund of funds HanseMerkur Private Debt S.C.Sp, SICAV-RAIF (target €800M) to third-party institutions, with HanseMerkur remaining co-invested. The group also invests directly in German real estate and real-estate financing through HanseMerkur Grundvermögen AG.

PORTFOLIO (1)

  • HanseMerkur Private Debt S.C.Sp, SICAV-RAIF (Luxembourg private-debt fund of funds advised by HanseMerkur Trust AG; HanseMerkur stays co-invested, 2021)
    since 2021

People

  • Eberhard Sautter
    Chairman of the Board of Management (Vorstandsvorsitzender) · source
  • Eric Bussert
    Member of the Board of Management · source
  • Holger Ehses
    Member of the Board of Management · source
  • Johannes Ganser
    Member of the Board of Management · source
  • Raik Mildner
    Member of the Board of Management · source

Links

Frequently asked questions

HanseMerkur is a institutional investor based in Hamburg, Germany, founded in 1875.

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

Key people at HanseMerkur include Eberhard Sautter (Chairman of the Board of Management (Vorstandsvorsitzender)), Eric Bussert (Member of the Board of Management), Holger Ehses (Member of the Board of Management) and Johannes Ganser (Member of the Board of Management).

HanseMerkur's investments include HanseMerkur Private Debt S.C.Sp, SICAV-RAIF (Luxembourg private-debt fund of funds advised by HanseMerkur Trust AG; HanseMerkur stays co-invested, 2021).

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