Skip to content
Institutional LPInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 2 SOURCES

NÜRNBERGER Versicherung

Subsidiary of (99.2% since May 2026) Vienna Insurance Group (VIG)

Also known as NÜRNBERGER Beteiligungs-AG, Nürnberger Versicherungsgruppe, Nuernberger Versicherung

Nuremberg insurance group with ~€35.8bn investments (2025), investing in PE, infrastructure equity and private debt funds; 99.2% owned by Vienna Insurance Group since May 2026.

HEADQUARTERS
Nuremberg, Germany
FOUNDED
—
AUM
€35.8B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
5 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private equityPrivate creditReal estatePublic equities
GEOGRAPHY
Global

Investment arms & vehicles

  • NÜRNBERGER Asset Management GmbH
    Group asset management company (Nuremberg, 100%)
  • NÜRNBERGER Lebensversicherung AG
    Life insurer of the group
  • NÜRNBERGER Allgemeine Versicherungs-AG
    Property-casualty insurer of the group
  • Fürst Fugger Privatbank AG
    Private bank of the group (Augsburg, 99%)

Overview

NÜRNBERGER is a Nuremberg-based life, health and property-casualty insurance group whose parent is NÜRNBERGER Beteiligungs-AG; the name dates back to 1884. It held about €35.8bn of investments at end-2025 and continues to invest in private equity, infrastructure equity and private debt, with a 20% fall in private equity (incl. infrastructure) valuations modelled as a €0.413bn hit. Fund holdings in its 2025 list of shareholdings include EIG Energy Fund XVI, heal.capital I and its own Feronia infrastructure vehicles. Vienna Insurance Group completed its acquisition of NÜRNBERGER on 18 May 2026 and holds 99.2% of the share capital.

PORTFOLIO (5)

  • EIG Energy Fund XVI (Scotland) L.P. (14.02%)
  • heal.capital I GmbH & Co. KG (0.99%)
    HealthTech
  • Hannover Finanz GmbH (11.11%)
  • Feronia Infra L.P. / Feronia SICAV RAIF (100%, group infrastructure vehicles)
  • Hines US Property Partners II Lux SCSp (21.30%)
    Real Estate & PropTech

People

  • Harald Rosenberger
    Chairman of the Executive Board · source
  • Katja Briones-Schulz
    Executive Board member, life and health insurance, investments (since Nov 2025) · source
  • Christine Kaaz
    Executive Board member, property-casualty · source
  • Wolfram Politt
    Executive Board member, operations and IT · source
  • Dr. Peter Ott
    Executive Board member (since Oct 2025), governance and group structure · source

Links

Frequently asked questions

NÜRNBERGER Versicherung is a institutional investor based in Nuremberg, Germany.

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

Key people at NÜRNBERGER Versicherung include Harald Rosenberger (Chairman of the Executive Board), Katja Briones-Schulz (Executive Board member, life and health insurance, investments (since Nov 2025)), Christine Kaaz (Executive Board member, property-casualty) and Wolfram Politt (Executive Board member, operations and IT).

NÜRNBERGER Versicherung's investments include EIG Energy Fund XVI (Scotland) L.P. (14.02%), heal.capital I GmbH & Co. KG (0.99%), Hannover Finanz GmbH (11.11%), Feronia Infra L.P. / Feronia SICAV RAIF (100%, group infrastructure vehicles) and Hines US Property Partners II Lux SCSp (21.30%).

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