Skip to content
Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 9 SOURCES

Versorgungswerk der Apothekerkammer Nordrhein (VANR)

Partly autonomous pension scheme (teilrechtlich selbstständige Einrichtung) of Apothekerkammer Nordrhein

Also known as VANR, Versorgungswerk der Apothekerkammer Nordrhein, Apothekerversorgungswerk Nordrhein

Pharmacists' pension scheme for Nordrhein; €2.96bn of investments (2025); ~€708M market value in PE, infrastructure and private-debt funds of funds via a Luxembourg RAIF.

Pharmacists' pension scheme for the Nordrhein region, Düsseldorf. Not the Versorgungswerk der Apothekerkammer Westfalen-Lippe (Münster) or the Nordrheinische Ärzteversorgung. It also runs the Versorgungswerk der Tierärztekammer Nordrhein (VTNR).

HEADQUARTERS
Düsseldorf, Germany
FOUNDED
1979
AUM
€3B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
9 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private equityPrivate creditFunds (as LP)Real estatePublic equities
GEOGRAPHY
—

Investment arms & vehicles

  • Master VANR Luxemburg SCS, SICAV-RAIF (VANR/VTNR Alternatives I; VANR Alternatives II)
    Luxembourg platform holding the private equity, infrastructure and private debt funds of funds, shared with the VTNR
  • VANR Lux Investments SCS, SICAV-RAIF (Teilfonds VANR HI Asien)
    Luxembourg vehicle for Asian real-estate investments

Overview

The Versorgungswerk der Apothekerkammer Nordrhein (VANR) is the pension scheme for pharmacists in the Nordrhein region, a partly autonomous institution of the Apothekerkammer Nordrhein based in Düsseldorf. Its investments were €2,962.1M at end 2025. It holds its alternative investments, mainly private equity, infrastructure and private debt funds of funds, through a Luxembourg SCS SICAV-RAIF shared with the Versorgungswerk der Tierärztekammer Nordrhein, whose investments it has co-managed since 2011. Its 2025 report says several new products were subscribed during the year and that infrastructure investments are to rise in 2026.

PORTFOLIO (6)

  • Master VANR Luxemburg SCS, SICAV-RAIF – VANR/VTNR Alternatives I (PE, infrastructure and private debt funds of funds; market value €599.5M at end 2025)
  • Master VANR Luxemburg SCS, SICAV-RAIF – VANR Alternatives II (PE, infrastructure and private debt funds of funds; market value €108.3M at end 2025)
  • OSCAR Germany SCS, SICAF-FIS (4.66% stake)
  • PGIM Real Estate European Value Partners II SCS (2.67% stake)
    Real Estate & PropTech
  • ABG Franz GmbH & Co. KG, Munich (89% stake)
  • HI-VANR Immobilienspezialfonds (real-estate special fund)
    Real Estate & PropTech

People

  • Dr. Claudia Vogt
    Chair of the Vorstand (legal representative) · source
  • Claudia Meyer
    Deputy Chair of the Vorstand (since 13 Jan 2026) · source
  • Eva Suchard
    Member of the Vorstand · source
  • Dr. Klaus Peterseim
    Member of the Vorstand · source
  • Jens Hennes
    Hauptgeschäftsführer; member of the Vorstand · source
  • Beate Sicking
    Geschäftsführerin; member of the Vorstand · source
  • Dr. Volker Kluy
    Chair of the Aufsichtsrat · source
  • Dr. Helmut Beichler
    Deputy Chair of the Aufsichtsrat · source
  • Marko Jäschke
    Head of Kapitalanlagemanagement (Abteilungsleiter) · source

Links

Frequently asked questions

Versorgungswerk der Apothekerkammer Nordrhein (VANR) is a institutional investor based in Düsseldorf, Germany, founded in 1979.

Yes. Versorgungswerk der Apothekerkammer Nordrhein (VANR) invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Key people at Versorgungswerk der Apothekerkammer Nordrhein (VANR) include Dr. Claudia Vogt (Chair of the Vorstand (legal representative)), Claudia Meyer (Deputy Chair of the Vorstand (since 13 Jan 2026)), Eva Suchard (Member of the Vorstand) and Dr. Klaus Peterseim (Member of the Vorstand).

Versorgungswerk der Apothekerkammer Nordrhein (VANR)'s investments include Master VANR Luxemburg SCS, SICAV-RAIF – VANR/VTNR Alternatives I (PE, infrastructure and private debt funds of funds; market value €599.5M at end 2025), Master VANR Luxemburg SCS, SICAV-RAIF – VANR Alternatives II (PE, infrastructure and private debt funds of funds; market value €108.3M at end 2025), OSCAR Germany SCS, SICAF-FIS (4.66% stake), PGIM Real Estate European Value Partners II SCS (2.67% stake), ABG Franz GmbH & Co. KG, Munich (89% stake) and HI-VANR Immobilienspezialfonds (real-estate special fund).

No. Versorgungswerk der Apothekerkammer Nordrhein (VANR) invests its own capital and does not raise money from outside investors.