Versorgungswerk der Steuerberater in Baden-Württemberg
Also known as StBVW BW, StBVw BW, Steuerberaterversorgungswerk Baden-Württemberg
Stuttgart pension fund for tax advisers (est. 1999); €1.73bn invested (2024), incl. Mercer PIP private debt/infra funds of funds, an AllianzGI PE fund of funds and derigo infra.
Not to be confused with the Versorgungswerk der Steuerberater im Land Nordrhein-Westfalen or the Notarversorgungswerk Baden-Württemberg, which it administers under a service agreement.
- HEADQUARTERS
- Stuttgart, Germany
- FOUNDED
- 1999
- AUM
- €1.7B (2024)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Funds (as LP)Private equityPrivate creditReal estatePublic equities
- GEOGRAPHY
- GermanyEurope
Investment arms & vehicles
- Notarversorgungswerk Baden-WürttembergSeparate public-law pension scheme for notaries (est. 1 Jan 2018), administered and managed by the StBVW BW under a service agreement
Overview
The Versorgungswerk der Steuerberater in Baden-Württemberg is a public-law corporation in Stuttgart, established on 1 January 1999, that provides pensions to tax advisers in Baden-Württemberg; since 2018 it also runs the Notarversorgungswerk Baden-Württemberg under a service agreement. Its investment assets were €1,725.9M at 31 December 2024, held in two mixed securities special funds (LBBW AM and AllianzGI), twelve real-estate special funds, four private-debt and infrastructure funds of funds (Mercer PIP V and VI), one private equity fund of funds (Allianz ACPMF), one infrastructure fund (derigo SWK Feeder) and, since 2024, direct bonds. Private-market funds made up 14.4% of investments at end 2024.
PORTFOLIO (6)
- Mercer PIP V Sub-Fund Private Debt (fund of funds, Mercer Private Market S.à r.l.) — €58.35M at 31/12/2024
- Mercer PIP V Sub-Fund Infra (fund of funds) — €47.11M at 31/12/2024
- Mercer PIP VI Sub-Fund Private Debt (fund of funds) — €38.40M at 31/12/2024
- Mercer PIP VI Sub-Fund Infra (fund of funds) — €30.40M at 31/12/2024
- Allianz ACPMF (private equity fund of funds, Allianz Global Investors) — first drawdown €30.0M, Oct 2024since 2024
- SWK Feeder (infrastructure fund, derigo GmbH & Co. KG) — first drawdown €15.0M, Oct 2024since 2024
People
Links
Frequently asked questions
Versorgungswerk der Steuerberater in Baden-Württemberg is a institutional investor based in Stuttgart, Germany, founded in 1999.
Versorgungswerk der Steuerberater in Baden-Württemberg does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.
Key people at Versorgungswerk der Steuerberater in Baden-Württemberg include Michael Erhardt (Chairman of the Board (Vorstandsvorsitzender), legal representative), Prof. Dr. Petra Bittrolff (Deputy Chair of the Board), Bärbel Manck (Managing Director (Geschäftsführerin)) and Claus Beruscha (Deputy Managing Director (since 1 Jan 2024)).
Versorgungswerk der Steuerberater in Baden-Württemberg's investments include Mercer PIP V Sub-Fund Private Debt (fund of funds, Mercer Private Market S.à r.l.) — €58.35M at 31/12/2024, Mercer PIP V Sub-Fund Infra (fund of funds) — €47.11M at 31/12/2024, Mercer PIP VI Sub-Fund Private Debt (fund of funds) — €38.40M at 31/12/2024, Mercer PIP VI Sub-Fund Infra (fund of funds) — €30.40M at 31/12/2024, Allianz ACPMF (private equity fund of funds, Allianz Global Investors) — first drawdown €30.0M, Oct 2024 and SWK Feeder (infrastructure fund, derigo GmbH & Co. KG) — first drawdown €15.0M, Oct 2024.
The most recent publicly reported investment by Versorgungswerk der Steuerberater in Baden-Württemberg is SWK Feeder (infrastructure fund, derigo GmbH & Co. KG) — first drawdown €15.0M (LP commitment), announced in Oct 2024.
No. Versorgungswerk der Steuerberater in Baden-Württemberg invests its own capital and does not raise money from outside investors.