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Institutional LPPuts its own capital into companiesActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 11 SOURCES

Talanx

Majority-owned (76.74%) by HDI Haftpflichtverband der Deutschen Industrie V. a. G.

Also known as Talanx AG, Talanx Group, HDI Group, Talanx Versicherungsgruppe

Hannover insurance group (HDI, Hannover Re); €144.4bn investments for own risk at end-2025, ~€2.0bn in infrastructure and a long-built, buyout-heavy PE fund portfolio.

Hannover-based insurance group (brand HDI), majority-owned by HDI V. a. G. Hannover Re (Hannover Rück SE) is a listed subsidiary and is profiled separately if at all.

HEADQUARTERS
Hannover, Germany
FOUNDED
—
AUM
€144.4B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
8 people

Focus

STAGES
Buyout
SECTORS
Climate & Energy
ASSET MIX
Private equityReal estateDirect investments
GEOGRAPHY
Global

Investment arms & vehicles

  • Ampega Asset Management GmbH
    Group asset manager based in Cologne; makes the group's direct infrastructure investments
  • Hannover Rück SE (Hannover Re)
    Listed reinsurance subsidiary (Reinsurance Division)
  • HDI Deutschland AG
    Retail Germany Division holding (HDI Versicherung, HDI Lebensversicherung, neue leben, HDI Vorsorge Lebensversicherung, LPV)
  • HDI Global SE
    Corporate & Specialty Division
  • HDI International AG
    Retail International Division holding

Overview

Talanx AG is the listed financial and management holding of the Talanx insurance group, headquartered in Hannover and 76.74% owned by HDI V. a. G.; its brands include HDI and the reinsurer Hannover Re. Investments for own risk were €144,441M at end-2025, mostly debt instruments. The group had about €2.0bn invested in infrastructure, of which €0.3bn direct and €1.7bn through a double-digit number of global infrastructure funds, and it describes a broadly diversified private equity portfolio built over decades, mainly in buyout funds across the US, Europe and Asia. Direct infrastructure deals are made through its Cologne asset manager Ampega and include a stake in grid operator Amprion held since 2011.

Investment thesis

Infrastructure is a key long-term component of its investments, from renewable energy and network infrastructure to digital and social projects; private equity is held mainly through buyout funds with a focus on technology, consumer goods, industry and healthcare.

PORTFOLIO (7)

  • Amprion (via M31 Beteiligungsgesellschaft, which holds 74.9%)NOTABLE
    Climate & Energy · since 2011
  • Fosen Vind DA (via Nordic Wind Power DA consortium, 40% stake; Norway)
    Climate & Energy · since 2016
  • EWE (indirect co-investment alongside Ardian)
    Climate & Energy · since 2020
  • Swedish hydropower portfolio of 15 plants (15-year PPA with Uniper, with Augusta Investment Management)
    Climate & Energy · since 2023
  • 180 MW solar park in Spain (bought from ib vogt; grid connection planned early 2021)
    Climate & Energy · since 2019
  • 50 MWp solar park near Seville, Spain (bought from BayWa r.e.)
    Climate & Energy · since 2020
  • Photovoltaic plant in former quarry, Hannover-Misburg (Heidelberg Materials, WI Energy)
    Climate & Energy · since 2026

People

  • Torsten Leue
    Chairman of the Board of Management · source
  • Dr Jan Wicke
    Member of the Board of Management (CFO; Finance, Investments/Real Estate) · source
  • Clemens Jungsthöfel
    Member of the Board of Management (Reinsurance Division; CEO Hannover Re since 1 April 2025) · source
  • Dr Wilm Langenbach
    Member of the Board of Management (Retail International Division) · source
  • Dr Edgar Puls
    Member of the Board of Management (Corporate & Specialty Division) · source
  • Caroline Schlienkamp
    Member of the Board of Management (Labour Relations, Corporate Services) · source
  • Jens Warkentin
    Member of the Board of Management (Retail Germany Division) · source
  • Herbert K. Haas
    Chairman of the Supervisory Board · source

Links

Frequently asked questions

Talanx is a institutional investor based in Hannover, Germany.

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

Talanx invests at Buyout stage in Climate & Energy.

Key people at Talanx include Torsten Leue (Chairman of the Board of Management), Dr Jan Wicke (Member of the Board of Management (CFO; Finance, Investments/Real Estate)), Clemens Jungsthöfel (Member of the Board of Management (Reinsurance Division; CEO Hannover Re since 1 April 2025)) and Dr Wilm Langenbach (Member of the Board of Management (Retail International Division)).

Talanx's investments include Amprion (via M31 Beteiligungsgesellschaft, which holds 74.9%), Fosen Vind DA (via Nordic Wind Power DA consortium, 40% stake; Norway), EWE (indirect co-investment alongside Ardian), Swedish hydropower portfolio of 15 plants (15-year PPA with Uniper, with Augusta Investment Management), 180 MW solar park in Spain (bought from ib vogt; grid connection planned early 2021), 50 MWp solar park near Seville, Spain (bought from BayWa r.e.) and Photovoltaic plant in former quarry, Hannover-Misburg (Heidelberg Materials, WI Energy).

The most recent publicly reported investment by Talanx is Photovoltaic project in a former Heidelberg Materials quarry, Hannover-Misburg (with WI Energy) (Infrastructure equity), announced in Apr 2026.

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