Wüstenrot & Württembergische (W&W)
Majority-owned by Wüstenrot Stiftung, Gemeinschaft der Freunde Deutscher Eigenheimverein e. V. (67.38% indirectly, via WS Holding AG and Wüstenrot Holding AG)
Also known as W&W AG, Wüstenrot & Württembergische AG, W&W-Gruppe, Württembergische Lebensversicherung AG, WürttLeben
Kornwestheim listed financial group (Wüstenrot Bausparkasse, Württembergische insurers); €38.8bn investments, €3.5bn in private equity, private debt and infrastructure.
Not to be confused with WGV (Württembergische Gemeinde-Versicherung a.G., Stuttgart), a separate mutual insurer.
- HEADQUARTERS
- Kornwestheim, Germany
- FOUNDED
- —
- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
- 4 people
FOCUS
- STAGES
- —
- SECTORS
- Climate & Energy
- ASSET MIX
- Private equityPrivate creditVenture capitalFunds (as LP)
- GEOGRAPHY
- —
WHAT IT IS
Institutional LP. Pension funds, endowments, foundations and sovereign funds that commit capital to funds and, sometimes, directly.
- Württembergische Lebensversicherung AGGroup life insurer; investor in Wachstumsfonds Deutschland
- Württembergische Versicherung AGGroup property and casualty insurer
- Wüstenrot Bausparkasse AGGroup building-society bank, Kornwestheim
- WürttLeben Alternative Investments GmbH / WürttVers Alternative Investments GmbHWholly owned alternative-investment holding companies, Stuttgart
- W&W Global Income Fund ICAV (Infrastructure, Private Debt and Alternative Investment sub-funds)Consolidated Dublin fund vehicles for alternative investments
ABOUT
Wüstenrot & Württembergische AG is a listed financial group based on the W&W-Campus in Kornwestheim, combining the building society Wüstenrot Bausparkasse with the Württembergische insurers; the charitable Wüstenrot Stiftung indirectly holds 67.38% of its shares. Group investments were €38.8bn at end-2025. As part of its strategic asset allocation it invests in private equity, private debt and infrastructure, with an alternative-investment exposure of €3.48bn at market value, held partly through Dublin fund vehicles and in-house alternative-investment companies. Württembergische Lebensversicherung AG is named among the investors in the €1bn Wachstumsfonds Deutschland VC fund of funds (2023).
PORTFOLIO (9)
- Wachstumsfonds Deutschland (VC fund of funds; via Württembergische Lebensversicherung AG)since 2023
- Partners Group Emerging Markets 2007, L.P. (9.38% stake)
- Adveq Technology V GmbH (16.50% stake)
- Immomio GmbH (13.33% stake)Real Estate & PropTech
- Keleya Digital-Health Solutions GmbH (9.97% stake)HealthTech
- V-Bank AG (15.00% stake)Fintech
- BWK GmbH Unternehmensbeteiligungsgesellschaft (35.00% stake; associate)
- BF.capital GmbH (35.00% stake; associate)
- riparo gmbh (25.00% stake; associate)
TEAM
LINKS
FAQ
Wüstenrot & Württembergische (W&W) is a institutional investor based in Kornwestheim, Germany.
Yes. Wüstenrot & Württembergische (W&W) invests directly in private companies. It also commits capital to third-party funds as an LP.
Wüstenrot & Württembergische (W&W) invests in Climate & Energy.
Key people at Wüstenrot & Württembergische (W&W) include Jürgen A. Junker (Chairman of the Management Board), Matthias Bogk (Member of the Management Board), Jens Wieland (Member of the Management Board) and Dr. Michael Gutjahr (Chairman of the Supervisory Board).
Wüstenrot & Württembergische (W&W)'s investments include Wachstumsfonds Deutschland (VC fund of funds; via Württembergische Lebensversicherung AG), Partners Group Emerging Markets 2007, L.P. (9.38% stake), Adveq Technology V GmbH (16.50% stake), Immomio GmbH (13.33% stake), Keleya Digital-Health Solutions GmbH (9.97% stake), V-Bank AG (15.00% stake), BWK GmbH Unternehmensbeteiligungsgesellschaft (35.00% stake; associate) and BF.capital GmbH (35.00% stake; associate), among others.
No. Wüstenrot & Württembergische (W&W) invests its own capital and does not raise money from outside investors.