Versorgungswerk der Zahnärztekammer Westfalen-Lippe (VZWL)
Also known as VZWL, Versorgungswerk der Zahnärztekammer Westfalen-Lippe
Dentists' pension scheme of Westfalen-Lippe, Münster (est. 1957); €4.25bn of cover assets (2025), €456M in participations; selling down PE, infrastructure and real estate.
Dentists' scheme in Münster; not the Ärzteversorgung Westfalen-Lippe (doctors) or the Versorgungswerk der Tierärztekammer Westfalen-Lippe (vets).
- HEADQUARTERS
- Münster, Germany
- FOUNDED
- 1957
- AUM
- €4.3B (2025)
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
Focus
- STAGES
- —
- SECTORS
- —
- ASSET MIX
- Private equityReal estatePublic equities
- GEOGRAPHY
- Germany
Overview
The Versorgungswerk der Zahnärztekammer Westfalen-Lippe (VZWL) is the pension scheme of the dental chamber of Westfalen-Lippe; its first statutes were adopted on 16 February 1957 and it has more than 7,900 members. Its cover assets (Deckungsstock) were €4,251.2M at end 2025: real estate incl. funds 27.7%, participations (Beteiligungen) 10.7% (€456.4M), Schuldscheine 30.7%, individual funds 15.7%, bearer bonds 12.5% and term deposits 2.7%. The 2025 report describes a planned reduction of illiquid investments (private equity, real estate, infrastructure), with sales completed in 2025, and an increase of the equity quota to about 10%.
People
- Dr. Gordan SistigPresident of the Zahnärztekammer Westfalen-Lippe; legal representative of the Versorgungswerk · source
- Dr. Ursula von SchönbergChair of the Administrative Board (Verwaltungsrat, responsible for investing) · source
- Dr. Bernd StuhldreierMember of the Administrative Board · source
- Dr. Markus VoßMember of the Administrative Board · source
Links
Frequently asked questions
Versorgungswerk der Zahnärztekammer Westfalen-Lippe (VZWL) is a institutional investor based in Münster, Germany, founded in 1957.
Versorgungswerk der Zahnärztekammer Westfalen-Lippe (VZWL) 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 Zahnärztekammer Westfalen-Lippe (VZWL) include Dr. Gordan Sistig (President of the Zahnärztekammer Westfalen-Lippe; legal representative of the Versorgungswerk), Dr. Ursula von Schönberg (Chair of the Administrative Board (Verwaltungsrat, responsible for investing)), Dr. Bernd Stuhldreier (Member of the Administrative Board) and Dr. Markus Voß (Member of the Administrative Board).
No. Versorgungswerk der Zahnärztekammer Westfalen-Lippe (VZWL) invests its own capital and does not raise money from outside investors.