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Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 7 SOURCES

Versorgungswerk der Tierärztekammer Nordrhein (VTNR)

Also known as VTNR, Versorgungswerk der Tierärztekammer Nordrhein

Vets' pension scheme of the Nordrhein chamber, Düsseldorf (est. 1956); €478M of investments (2024), incl. a PE/infrastructure/private-debt fund-of-funds vehicle shared with VANR.

Vets' pension scheme in Düsseldorf; managed by the Versorgungswerk der Apothekerkammer Nordrhein (VANR) but a separate scheme; not the Nordrheinische Ärzteversorgung (doctors) or the Versorgungswerk der Zahnärztekammer Nordrhein (dentists).

HEADQUARTERS
Düsseldorf, Germany
FOUNDED
1956
AUM
€478.3M (2024)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
5 people

Focus

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

Overview

The Versorgungswerk der Tierärztekammer Nordrhein (VTNR) is the pension scheme of the Tierärztekammer Nordrhein, founded in 1956, with 2,699 members at end-2024. The Versorgungswerk der Apothekerkammer Nordrhein (VANR) has managed its assets since January 2011 and its Geschäftsführung since July 2016, and has run its entire operations since May 2026. Investments totalled €478.3M at end-2024, mainly investment funds (58.7%) and registered bonds and Schuldscheine. Alternative investments are held directly and through the Luxembourg vehicle Master VANR Luxemburg SCS, SICAV-RAIF (sub-fund VANR/VTNR Alternatives I), which invests in private-equity, infrastructure and private-debt funds of funds; two new products were subscribed in 2024.

PORTFOLIO (3)

  • Enhanced Sustainable Power Fund 3 GmbH & Co. KG (1.21% stake)
    Climate & Energy
  • ABG Franz GmbH & Co. (11.00% stake)
  • IBC International Business Campus, Diamond 02 GmbH & Co. KG (3.35% stake)
    Real Estate & PropTech

People

  • Christiaan J. Gabrielse
    Chairman of the Board (Vorstand); legal representative · source
  • Dr. Stefan Nefen
    Deputy Chairman of the Board · source
  • Ruth Wilmsen
    Chair of the Supervisory Board (Aufsichtsrat) · source
  • Jens Hennes
    Chief Executive (Hauptgeschäftsführer; VANR holds the management) · source
  • Beate Sicking
    Managing Director (Geschäftsführerin) · source

Links

Frequently asked questions

Versorgungswerk der Tierärztekammer Nordrhein (VTNR) is a institutional investor based in Düsseldorf, Germany, founded in 1956.

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

Key people at Versorgungswerk der Tierärztekammer Nordrhein (VTNR) include Christiaan J. Gabrielse (Chairman of the Board (Vorstand); legal representative), Dr. Stefan Nefen (Deputy Chairman of the Board), Ruth Wilmsen (Chair of the Supervisory Board (Aufsichtsrat)) and Jens Hennes (Chief Executive (Hauptgeschäftsführer; VANR holds the management)).

Versorgungswerk der Tierärztekammer Nordrhein (VTNR)'s investments include Enhanced Sustainable Power Fund 3 GmbH & Co. KG (1.21% stake), ABG Franz GmbH & Co. (11.00% stake) and IBC International Business Campus, Diamond 02 GmbH & Co. KG (3.35% stake).

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