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Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

SV SparkassenVersicherung

Insurance group owned by Sparkassen- und Giroverband Hessen-Thüringen (63.3%), Sparkassen-Beteiligungen Baden-Württemberg GmbH (33.0%), Sparkassenverband Rheinland-Pfalz (3.7%)

Also known as SV SparkassenVersicherung Holding AG, SV Konzern, SV Lebensversicherung, SV Gebäudeversicherung

Stuttgart public insurance group of the Sparkassen in BW, Hessen, Thüringen and RLP; €30.0bn investments (2025); LP in PE, infrastructure and private-debt funds; stakes in Amprion and TransnetBW.

Public insurer of the Sparkassen in Baden-Württemberg, Hessen, Thüringen and parts of Rheinland-Pfalz (Stuttgart). Not Sparkassen-Versicherung Sachsen (Dresden), in which it holds an indirect minority stake.

HEADQUARTERS
Stuttgart, Germany
FOUNDED
—
AUM
€30B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
7 people

Focus

STAGES
—
SECTORS
Climate & Energy
ASSET MIX
Private equityPrivate creditReal estatePublic equities
GEOGRAPHY
GermanyEuropeGlobal

Investment arms & vehicles

  • SVL-LuxInvest SCS SICAV-RAIF and SVG-LuxInvest SCS SICAV-RAIF
    Luxembourg investment vehicles of the life and building insurers that hold the group's private-equity and infrastructure fund stakes.
  • ecosenergy Betriebsgesellschaft mbH & Co. KG (Wertheim)
    Subsidiary through which SV invests directly in German solar parks.
  • Südwest-Konsortium (SWK)
    Investor consortium set up by SV that acquired a stake in TransnetBW from EnBW.
  • BSÖ Beteiligungsgesellschaft mbH (55%)
    Holds 49% of S.V. Holding AG, parent of Sparkassen-Versicherung Sachsen (Dresden), together with Bayern-Versicherung.
  • SV SparkassenVersicherung Pensionsfonds AG
    Group Pensionsfonds subsidiary, folded here.

Overview

SV SparkassenVersicherung is the public-sector insurance group of the Sparkassen-Finanzgruppe in Baden-Württemberg, Hessen, Thüringen and parts of Rheinland-Pfalz, headed by SV SparkassenVersicherung Holding AG in Stuttgart. Group investments rose to €30.0bn at end-2025 (€28.76bn end-2024); infrastructure and forestry reached €1.53bn (6.0%) in 2025. It invests in infrastructure, private equity, private debt, real estate and equities alongside fixed income. Its consolidated reports list fund stakes held directly or via its Luxembourg LuxInvest vehicles, including Partners Group, YIELCO, StepStone, CROWN PREMIUM and Adveq funds, DIF Infrastructure IV, Patrizia European Infrastructure Fund II and Capital Dynamics Clean Energy and Infrastructure. It also holds stakes in the transmission system operators Amprion and TransnetBW, and invests directly in solar parks via ecosenergy.

PORTFOLIO (28)

  • Private Equity Capital Germany SeCS SICAR (via SVL-/SVG-LuxInvest)
  • StepStone International Investors IV (Delaware), L.P.
  • CROWN PREMIUM Private Equity III SICAV
  • Adveq Europe III (Erste and Zweite GmbH; in liquidation)
    In liquidation
  • Adveq Technology V GmbH
  • Adveq Asia I GmbH
  • HSBC Trinkaus M4 Beteiligungs GmbH & Co. KG
  • B&S Select 2008 GmbH & Co. KG (in liquidation)
    In liquidation
  • DIF Infrastructure IV Feeder Germany B.V.
  • Capital Dynamics Clean Energy and Infrastructure Feeder B LP
    Climate & Energy
  • EIF II Co-Series SV SCSp
  • NREP LPF LP (real estate)
    Real Estate & PropTech
  • Clean Energy Asset Management GmbH (39%)
    Climate & Energy
  • Amprion GmbH
    Climate & Energy
  • TransnetBW GmbH (via Südwest-Konsortium)
    Climate & Energy
  • Partners Group Direct Investments 2009 SCA, SICAR
  • Partners Group U.S. Private Equity 2015 LP SCS, SICAV SIF
  • Partners Group U.S. Private Equity 2020 SCA, SICAV-RAIF
  • YIELCO Special Situations GmbH & Co. KG
  • YIELCO Special Situations II SCS, SICAV-RAIF
  • YIELCO Defensive Investments II SCS, SICAV-RAIF
  • ACF V Growth Buy-out Europe GmbH & Co. KG
  • Crown Premium Private Equity V S.A., SICAV-FIS
  • DBAG Expansion Capital Fund International GmbH & Co. KG
  • Patrizia European Infrastructure Fund II SCSp
  • Fengate Core Infrastructure Fund III (US) LP
  • Stafford Infrastructure Secondaries Fund II Compartiment
  • BeGo Corporate Direct Lending Debt Fund IV

People

  • Dr. Andreas Jahn
    Chairman of the Executive Board (Vorsitzender des Vorstands) · source
  • Ralph Eisenhauer
    Member of the Executive Board · source
  • Michael Meiers
    Member of the Executive Board · source
  • Roland Oppermann
    Member of the Executive Board · source
  • Markus Reinhard
    Member of the Executive Board · source
  • Dr. Thorsten Wittmann
    Member of the Executive Board · source
  • Dr. Matthias Neth
    Chairman of the Supervisory Board, SV Holding AG · source

Links

Frequently asked questions

SV SparkassenVersicherung is a institutional investor based in Stuttgart, Germany.

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

SV SparkassenVersicherung invests in Climate & Energy.

Key people at SV SparkassenVersicherung include Dr. Andreas Jahn (Chairman of the Executive Board (Vorsitzender des Vorstands)), Ralph Eisenhauer (Member of the Executive Board), Michael Meiers (Member of the Executive Board) and Roland Oppermann (Member of the Executive Board).

SV SparkassenVersicherung's investments include Private Equity Capital Germany SeCS SICAR (via SVL-/SVG-LuxInvest), StepStone International Investors IV (Delaware), L.P., CROWN PREMIUM Private Equity III SICAV, Adveq Europe III (Erste and Zweite GmbH; in liquidation), Adveq Technology V GmbH, Adveq Asia I GmbH, HSBC Trinkaus M4 Beteiligungs GmbH & Co. KG and B&S Select 2008 GmbH & Co. KG (in liquidation), among others.

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