KGAL

Focus

STAGES

GrowthBuyout

SECTORS

Climate & EnergyReal Estate & PropTechMobility & LogisticsIndustrial & Manufacturing

ASSET MIX

Private equityReal estateDirect investmentsImpact

GEOGRAPHY

EuropeGlobal

Investment arms & vehicles

• KGAL Investment Management
  The group's AIFMD-regulated investment manager (since 2014) for institutional funds, mandates and co-investments across infrastructure, real estate, aviation and innovation
• KGAL Industries
  Investment unit (since 2018) scaling and commercialising proven industrial technologies, with an entrepreneurial-holding mindset
• Principal Investments
  Invests KGAL's own balance sheet in new strategic pillars and in fund co-investments, seed and warehouse positions
• GOAL Aircraft Leasing
  Aviation investment and leasing platform founded in 1998 as a strategic partnership with Lufthansa
• Trigal
  Adria/Southeastern Europe real-asset platform in Ljubljana, a joint venture with Triglav Insurance Group (since 2017)
• KGAL Austria
  Austrian real estate platform (KGAL Asset Management Österreich GmbH, since 2006)
• Lufthansa Leasing
  Aircraft financing joint venture with Lufthansa Group (since 1989)
• AL Konzept Leasing
  Design, execution and brokerage of leasing transactions (since 2008)

Overview

KGAL was founded in 1968 as a real estate leasing company in Grünwald near Munich and describes itself as an independent European investment group managing more than EUR 15bn across infrastructure, real estate, aviation and innovation, with about 400 professionals. Its AIFMD-regulated investment manager KGAL Investment Management (since 2014) serves pension funds, insurers, foundations, family offices and sovereign investors through commingled funds, mandates and co-investments; its energy-transition infrastructure business (since 2003) reports EUR 3.9bn AUM and 1.7 GW+ operating capacity. Partnerships include Lufthansa (aviation), Triglav Insurance (Trigal) and KfW, for which it manages the PtX Development Fund. KGAL Industries (since 2018) and Principal Investments invest the group's own capital in industrial technologies and co-investments.

Investment thesis

Invests in, builds, owns and operates real assets across their lifecycle, from core to value-add: European energy-transition and essential infrastructure (solar, wind, battery storage, hydropower, hydrogen), real estate and aviation; KGAL Industries backs industrial technologies in circular economy, data security, European industrial resilience and food at the step from proven technology to industrial scale.

PORTFOLIO (6)

• fluvicon
  Climate & Energy · since 2026
• zerothird
  Deep Tech
• Teschendorf wind farm (on behalf of Software AG Foundation)
  Climate & Energy · since 2026
• Lubmin hydrogen project (majority stake, with PtX Development and Lhyfe)
  Climate & Energy · since 2026
• Grevesmühlen battery storage project (FENECON)
  Climate & Energy · since 2026
• Tuscania solar park (148 MW, Italy)
  Climate & Energy

People

• Florian Martin
  Co-Chief Executive Officer · source
• André Zücker
  Co-Chief Executive Officer · source
• Dr. Martin Schmuck
  Chief Financial Officer · source
• Michael Ebner
  Managing Director, Portfolio & Asset Management (KGAL Investment Management) · source
• Dr. Thomas Schröer
  Chief Risk Officer (KGAL Investment Management) · source
• Alexander Rietz
  Managing Director KGAi & KNF; Principal Investments and Innovation Hub · source
• Simona Kozjek
  Chief Executive Officer, Trigal · source
• Christian Schloemann
  Managing Director, GOAL · source

Links

• Website
• Official contact page

Frequently asked questions