Gemeinnützige Hertie-Stiftung
Also known as Hertie-Stiftung, Hertie Stiftung
Frankfurt foundation (1974, Karg heirs); €996M balance sheet (2025); 20% alternatives incl. long-standing PE commitments (~10% of assets, 2023) and infrastructure.
Frankfurt foundation set up in 1974 by the heirs of department-store owner Georg Karg; the Hertie School and the Hertie Institute for Clinical Brain Research are institutions it founded, not investment arms.
- HEADQUARTERS
- Frankfurt am Main, Germany
- FOUNDED
- 1974
- AUM
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 5 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityReal estatePublic equities
- GEOGRAPHY
- Global
Overview
The Gemeinnützige Hertie-Stiftung was founded in 1974 by the heirs of department-store owner Georg Karg and works on brain research and democracy. Its endowment is invested internationally across bonds, equities, real estate and alternatives; at the end of 2025 alternatives were 20% of the portfolio and the balance sheet totalled €996.4M, of which €801.1M financial assets. The foundation says it has invested in private equity for many years through commitments spread by geography, size and vintage, with almost 10% of assets in private equity at the end of 2023, and that its alternatives also include global infrastructure investments.
People
Links
Frequently asked questions
Gemeinnützige Hertie-Stiftung is a institutional investor based in Frankfurt am Main, Germany, founded in 1974.
Gemeinnützige Hertie-Stiftung does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Key people at Gemeinnützige Hertie-Stiftung include Annette Schavan (Chair of the Board (Vorsitzende des Vorstands)), Frank Mattern (Deputy Chair of the Board), Dr. Sabine Gräfin von Norman (Member of the Board) and Karl von Rohr (Member of the Board).
No. Gemeinnützige Hertie-Stiftung invests its own capital and does not raise money from outside investors.