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Institutional LPPuts its own capital into companiesLAST VERIFIED Oct 2026 · 2 SOURCES

VGH Versicherungen (Landschaftliche Brandkasse Hannover)

Also known as VGH, Landschaftliche Brandkasse Hannover, VGH Verbund

Public-law insurance group of Lower Saxony, Bremen and Saxony-Anhalt; €20.4bn of investments (2025); €304.8M outstanding commitments to 100 private equity funds.

Public-law insurer in Lower Saxony and Bremen; not the VHV Gruppe (a Hannover mutual insurer).

HEADQUARTERS
Hannover, Germany
FOUNDED
—
AUM
€20.4B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
5 people

Focus

STAGES
—
SECTORS
—
ASSET MIX
Private equityReal estate
GEOGRAPHY
Germany

Investment arms & vehicles

  • 1750 Ventures GmbH
    Wholly owned venture subsidiary in Hannover (100%, consolidated)
  • VGH Beteiligungs GmbH
    Wholly owned holding subsidiary in Hannover (100%)
  • Provinzial Lebensversicherung Hannover
    Life insurer in the group (90%)
  • Provinzial Pensionskasse Hannover AG
    Pension fund in the group (100%)
  • Öffentliche Versicherungen Oldenburg
    Oldenburgische Landesbrandkasse (80%) and Öffentliche Lebensversicherungsanstalt Oldenburg
  • ÖSA Versicherungen
    Öffentliche Feuerversicherung and Öffentliche Lebensversicherung Sachsen-Anhalt (100%)
  • ALTE OLDENBURGER Krankenversicherung AG
    Health insurer in Vechta, held via ALTE OLDENBURGER Beteiligungsgesellschaft AG (60%)

Overview

The Landschaftliche Brandkasse Hannover, trading as VGH Versicherungen, is a public-law insurer (Anstalt des öffentlichen Rechts) owned by the historic Landschaften of Lower Saxony and the Emsländische Landschaft, with the Sparkassenverband Niedersachsen represented on its owners' assembly. Its group includes Provinzial Lebensversicherung Hannover, Provinzial Pensionskasse Hannover, Provinzial Krankenversicherung Hannover, the Öffentliche Versicherungen Oldenburg, the ÖSA insurers of Saxony-Anhalt and ALTE OLDENBURGER Krankenversicherung. Group investments and deposits were €20,371.5M at end 2025. The 2025 group report shows commitments of €304.8M to 100 private equity funds, direct participations, and a wholly owned venture vehicle, 1750 Ventures GmbH, in Hannover.

PORTFOLIO (3)

  • Commitments to 100 private equity funds (€304.8M outstanding at 31/12/2025)
  • Deutsche Rückversicherung AG, Düsseldorf (20.92% stake)
  • Ostfriesische Landschaftliche Brandkasse, Aurich (25% stake)

People

  • Dr. Ulrich Knemeyer
    Chairman of the Management Board (Vorstandsvorsitzender) · source
  • Dr. Fabrice Gerdes
    Member of the Management Board · source
  • David Nedel
    Member of the Management Board · source
  • Annika Rust
    Member of the Management Board · source
  • Jörg Sinner
    Member of the Management Board · source

Links

Frequently asked questions

VGH Versicherungen (Landschaftliche Brandkasse Hannover) is a institutional investor based in Hannover, Germany.

Yes. VGH Versicherungen (Landschaftliche Brandkasse Hannover) invests its own capital in private companies. It also commits capital to third-party funds as an LP.

Key people at VGH Versicherungen (Landschaftliche Brandkasse Hannover) include Dr. Ulrich Knemeyer (Chairman of the Management Board (Vorstandsvorsitzender)), Dr. Fabrice Gerdes (Member of the Management Board), David Nedel (Member of the Management Board) and Annika Rust (Member of the Management Board).

VGH Versicherungen (Landschaftliche Brandkasse Hannover)'s investments include Commitments to 100 private equity funds (€304.8M outstanding at 31/12/2025), Deutsche Rückversicherung AG, Düsseldorf (20.92% stake) and Ostfriesische Landschaftliche Brandkasse, Aurich (25% stake).

No. VGH Versicherungen (Landschaftliche Brandkasse Hannover) invests its own capital and does not raise money from outside investors.