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Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 5 SOURCES

Stuttgarter Lebensversicherung

Also known as Die Stuttgarter, Stuttgarter Lebensversicherung a.G., Stuttgarter Lebensversicherung AG, Stuttgarter Versicherungsgruppe, SLV

Stuttgart life insurer (founded 1908) with €9.2bn investments (2025), incl. €219M in EU private-equity funds and infrastructure funds; LP in KfW Capital's Wachstumsfonds Deutschland.

Stuttgart life insurer, formerly a mutual (a.G.); since 1 July 2025 in a joint group with SDK Süddeutsche Krankenversicherung (Fellbach).

HEADQUARTERS
Stuttgart, Germany
FOUNDED
1908
AUM
€9.2B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
6 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private equityVenture capitalPrivate creditReal estatePublic equities
GEOGRAPHY
EuropeGlobal

Investment arms & vehicles

  • Stuttgarter Versicherung Holding AG
    Wholly owned intermediate holding of Stuttgarter Versicherung AG and DIREKTE LEBEN Versicherung AG.
  • Stuttgarter Versicherung AG
    Property and accident insurer (took over Süddeutsche Allgemeine Versicherung a.G.'s assets in Aug 2025).
  • DIREKTE LEBEN Versicherung AG
    Life insurance subsidiary held via Stuttgarter Versicherung Holding AG.

Overview

Die Stuttgarter is a Stuttgart insurance group founded in 1908 and led by the Stuttgarter Lebensversicherung, historically a mutual (Versicherungsverein auf Gegenseitigkeit), which owns Stuttgarter Versicherung Holding AG, Stuttgarter Versicherung AG and DIREKTE LEBEN. Its investments were €9.21bn at end-2025 after absorbing Süddeutsche Lebensversicherung a.G. retroactively from 1 January 2025. Fund holdings at end-2025 included EU private-equity funds (€219.0M book value), global and EU infrastructure funds (€157.2M) and real-estate funds, and in 2025 it added about €21M to private-equity, infrastructure and alternative-debt funds. KfW Capital named Stuttgarter Lebensversicherung a.G. among the investors in the €1bn Wachstumsfonds Deutschland at its final close in November 2023.

PORTFOLIO (1)

  • Wachstumsfonds Deutschland (VC fund of funds)
    since 2023

People

  • Dr. Guido Bader
    Chairman of the Executive Board (Vorsitzender des Vorstands) · source
  • Dr. Ulrich Mitzlaff
    Deputy Chairman of the Executive Board · source
  • Olaf Engemann
    Member of the Executive Board · source
  • Jesko Kannenberg
    Member of the Executive Board · source
  • Michael Krebbers
    Member of the Executive Board · source
  • Ralf Oestereich
    Member of the Executive Board · source

Links

Frequently asked questions

Stuttgarter Lebensversicherung is a institutional investor based in Stuttgart, Germany, founded in 1908.

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

Key people at Stuttgarter Lebensversicherung include Dr. Guido Bader (Chairman of the Executive Board (Vorsitzender des Vorstands)), Dr. Ulrich Mitzlaff (Deputy Chairman of the Executive Board), Olaf Engemann (Member of the Executive Board) and Jesko Kannenberg (Member of the Executive Board).

Stuttgarter Lebensversicherung's investments include Wachstumsfonds Deutschland (VC fund of funds).

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

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