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Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 7 SOURCES

SIGNAL IDUNA

Also known as SIGNAL IDUNA Gruppe, SIGNAL IDUNA Krankenversicherung a.G., SIGNAL IDUNA Lebensversicherung a.G., SIGNAL IDUNA Select Invest

Dortmund/Hamburg mutual insurance group; €114.7bn investments and client funds (2025); LP in KfW Capital's Wachstumsfonds Deutschland; invests via SIGNAL IDUNA Select Invest.

HEADQUARTERS
Dortmund, Germany
FOUNDED
—
AUM
€114.7B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
4 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Venture capitalReal estatePublic equities
GEOGRAPHY
GermanyEurope

Investment arms & vehicles

  • SIGNAL IDUNA Select Invest GmbH (Hamburg)
    Group investment company owned 50.1% by SIGNAL IDUNA Lebensversicherung a.G. and 49.9% by SIGNAL IDUNA Krankenversicherung a.G.; equity €1.22bn at end-2025; BVK member.
  • HANSAINVEST Hanseatische Investment-GmbH
    Hamburg KVG in which SIGNAL IDUNA Krankenversicherung holds 36%; listed in the group's financial-services division (SFCR 2025).
  • SIGNAL IDUNA Asset Management GmbH
    Group asset manager (Hamburg).
  • SILUX Alternatives S.à r.l.
    Luxembourg alternative investment fund manager within the group (per group SFCR).

Overview

SIGNAL IDUNA is a German insurance group led by the mutuals SIGNAL IDUNA Krankenversicherung a.G., Lebensversicherung a.G. and Unfallversicherung a.G., with head offices in Dortmund and Hamburg. In 2025 the group reported investments and client funds of over €114.7bn. It was named by KfW Capital among the institutional investors in the €1bn Wachstumsfonds Deutschland VC fund of funds at its final close in November 2023. Group capital is also channelled through SIGNAL IDUNA Select Invest GmbH, Hamburg, owned by the two life and health mutuals, and the health insurer reports a 4.6% allocation to infrastructure.

PORTFOLIO (5)

  • Wachstumsfonds Deutschland (VC fund of funds)
    since 2023
  • National-Bank AG (26.38% held by SIGNAL IDUNA Krankenversicherung)
  • OVB Holding AG (21.27% held by SIGNAL IDUNA Krankenversicherung)
  • SICORE Real Assets GmbH (40%)
    Real Estate & PropTech
  • HANSAinfrastruktur (fund)

People

  • Torsten Uhlig
    Chairman of the Executive Board (since 1 July 2025) · source
  • Martin Berger
    Executive Board member, Finance and Participations · source
  • Dr. Stefan Lemke
    Executive Board member, software development, technical infrastructure and information security · source
  • Alexandra Markovic-Sobau
    Executive Board member, Sales · source

Links

Frequently asked questions

SIGNAL IDUNA is a institutional investor based in Dortmund, Germany.

Yes. SIGNAL IDUNA invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Key people at SIGNAL IDUNA include Torsten Uhlig (Chairman of the Executive Board (since 1 July 2025)), Martin Berger (Executive Board member, Finance and Participations), Dr. Stefan Lemke (Executive Board member, software development, technical infrastructure and information security) and Alexandra Markovic-Sobau (Executive Board member, Sales).

SIGNAL IDUNA's investments include Wachstumsfonds Deutschland (VC fund of funds), National-Bank AG (26.38% held by SIGNAL IDUNA Krankenversicherung), OVB Holding AG (21.27% held by SIGNAL IDUNA Krankenversicherung), SICORE Real Assets GmbH (40%) and HANSAinfrastruktur (fund).

The most recent publicly reported investment by SIGNAL IDUNA is Wachstumsfonds Deutschland (VC fund of funds; final close) (Fund commitment (LP)), announced in Nov 2023.

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