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Institutional LPAllocates capital directlyLAST VERIFIED Oct 2026 · 3 SOURCES

VOLKSWOHL BUND Versicherungen

Also known as VOLKSWOHL BUND Lebensversicherung a.G., Volkswohl Bund, VB Versicherungen

Dortmund mutual life-insurance group (founded 1919) with €16.6bn of investments at fair value; holds private-equity, renewables/infrastructure and real-estate-debt fund vehicles.

HEADQUARTERS
Dortmund, Germany
FOUNDED
1919
AUM
€16.6B (2025)
OUTSIDE CAPITAL
No — own capital only
TEAM LISTED
5 people

FOCUS

STAGES
—
SECTORS
Climate & EnergyReal Estate & PropTech
ASSET MIX
Private equityReal estatePrivate creditImpact
GEOGRAPHY
—

WHAT IT IS

Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.

  • VB Private Equity SCS-RAIF
    Wholly owned Luxembourg private-equity vehicle, consolidated in the group accounts
  • VB Erneuerbare Energien und Infrastruktur GmbH & Co. KG / VB Erneuerbare Energien und Infrastruktur-L SCSp
    Wholly owned renewables and infrastructure vehicles (Germany / Luxembourg)
  • Dortmunder Lebensversicherung AG
    Group life insurer
  • VOLKSWOHL BUND Sachversicherung AG
    Group property and casualty insurer
  • VOLKSWOHL BUND Immobilien VVaG & Co. KG
    Group real-estate company

ABOUT

VOLKSWOHL BUND Versicherungen is a Dortmund insurance group headed by the mutual VOLKSWOHL BUND Lebensversicherung a.G., which traces back to the "Deutscher Volkswohl-Bund in Berlin" association founded on 28 January 1919; the group also includes VOLKSWOHL BUND Sachversicherung AG and Dortmunder Lebensversicherung AG. Its investments had a fair value of €16.586bn at end-2025. The group consolidates its own vehicles VB Private Equity SCS-RAIF and VB Erneuerbare Energien und Infrastruktur, plus the Aukera and Caerus real-estate debt funds, and reports about €400m in wind and solar funds or holdings, investing in infrastructure since 2012.

PORTFOLIO (3)

  • Aukera Real Estate Debt Lux S.C.A., SICAV-RAIF (100% held fund)
    Real Estate & PropTech
  • Caerus Real Estate Debt Lux S.C.A., SICAV – Fund II (100% held fund)
    Real Estate & PropTech
  • NB VB Co-Investment Fund SCSp, Luxembourg (99% held)

TEAM

  • Dr. Gerrit Böhm
    Chairman of the Management Board · source
  • Celine Carstensen-Opitz
    Member of the Management Board · source
  • Stefanie van Holt
    Member of the Management Board · source
  • Klaus Keßner
    Member of the Management Board · source
  • Dr. Joachim Maas
    Chairman of the Supervisory Board · source

LINKS

FAQ

VOLKSWOHL BUND Versicherungen is a institutional investor based in Dortmund, Germany, founded in 1919.

Yes. VOLKSWOHL BUND Versicherungen invests directly in private companies. It also commits capital to third-party funds as an LP.

VOLKSWOHL BUND Versicherungen invests in Climate & Energy and Real Estate & PropTech.

Key people at VOLKSWOHL BUND Versicherungen include Dr. Gerrit Böhm (Chairman of the Management Board), Celine Carstensen-Opitz (Member of the Management Board), Stefanie van Holt (Member of the Management Board) and Klaus Keßner (Member of the Management Board).

VOLKSWOHL BUND Versicherungen's investments include Aukera Real Estate Debt Lux S.C.A., SICAV-RAIF (100% held fund), Caerus Real Estate Debt Lux S.C.A., SICAV – Fund II (100% held fund) and NB VB Co-Investment Fund SCSp, Luxembourg (99% held).

No. VOLKSWOHL BUND Versicherungen invests its own capital and does not raise money from outside investors.