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Altersversorgungswerk der Zahnärztekammer Sachsen-Anhalt
Christian Schwencker leads the Saxony-Anhalt dentists' pension fund, deploying capital into direct German real assets.
Altersversorgungswerk der Zahnärztekammer Sachsen-Anhalt
The Altersversorgungswerk der Zahnärztekammer Sachsen-Anhalt (AVW LSA) operates as a partially independent, self-governing institution under the umbrella of Saxony-Anhalt's Dental Association. It is tasked with providing mandatory old-age, occupational disability, and survivor pensions exclusively for the chamber's members. Managing Director Christian Schwencker leads day-to-day operations, while Dieter Hanisch chairs the Administrative Committee. The fund's investment strategy is anchored in direct and indirect real-asset exposure across multiple property types. Its real estate portfolio spans residential holdings via vehicles like KGAL Wohnen Core 3, commercial assets through Commerz Real Institutional Hotel Fund and relationships with firms such as GVA Real Estate AG and ARTS GmbH, and mixed-use social infrastructure via the Montano Social Infrastructure Club II. Geographic focus remains heavily domestic, concentrated on German assets with specific exposure in Berlin and Landsberg am Lech, though Commerz Real's hotel mandate introduces a pan-European dimension. The AVW LSA is part of the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen e.V. (ABV), the professional network of German liberal-profession pension schemes — a structure that shapes its peer-comparison and collaborative posture. While total assets are not publicly disclosed, the vehicle maintains a direct BESTAND of pension reserves alongside its fund commitments. The AVW's structural differentiator is its dual nature as both a self-governing public-law entity and a subordinate organ of the Dental Association, not an independent foundation. This means investment governance runs through a committee structure manned by association members rather than an external professional trustee board — a common hallmark of German Versorgungswerke that places operational control firmly in the hands of the regulated profession itself.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Hannover
Corporate office
Hannover, Lower Saxony, Germany
Principals
Christian Schwencker
Managing Director (Geschäftsführer)
Dieter Hanisch
Chairman of the Administrative Committee
Sector focus
Frequently asked questions
What is the legal structure of the Altersversorgungswerk?
It is a partially legally independent, self-governing public-law institution (teilselbstständige Körperschaft des öffentlichen Rechts) integrated into the Zahnärztekammer Sachsen-Anhalt. This means it operates with its own administrative and investment governance but remains under the statutory oversight umbrella of the parent dental association, which establishes the pension obligation for its members.
How does the AVW LSA invest its assets?
The fund deploys capital directly and through named institutional real-estate vehicles. Confirmed positions include KGAL Wohnen Core 3 (residential, Germany), Commerz Real Institutional Hotel Fund (commercial, Europe), and the Montano Social Infrastructure Club II (mixed-use, Germany). It also works with domestic operators GVA Real Estate AG and ARTS GmbH for commercial property exposure.
Who manages the investment and oversight functions?
Christian Schwencker serves as Managing Director (Geschäftsführer), running the day-to-day operations of the Versorgungswerk. Dieter Hanisch is the Chairman of the Administrative Committee (Verwaltungsausschuss). The committee structure means ultimate investment and supervisory authority rests with the self-governing bodies of the associated dental profession.
Which pension benefits does the AVW LSA provide?
The Versorgungswerk delivers the full statutory package required of a German liberal-profession pension scheme: old-age pensions, occupational disability benefits, and survivor pensions for widows, widowers, and orphans of member dentists.
Is the AVW LSA active in private equity or venture capital?
There is no public evidence of venture capital or traditional private-equity fund commitments. The documented portfolio points to a strategy concentrated on direct real estate and real-asset fund structures across residential, commercial, and social-infrastructure properties, without an identified allocation to buyout, growth, or VC.
What is the AVW LSA's relationship with the broader German pension-system network?
The fund is a member of the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen e.V. (ABV), the national professional association for Germany's liberal-profession pension schemes. This network facilitates peer exchange on regulatory, actuarial, and investment matters with equivalent chambers for lawyers, pharmacists, and other guild-based pension providers.
How transparent is the fund about its total assets under management?
The AVW LSA does not publicly disclose its aggregate assets under management or total investment portfolio size. No audited financial statements or annual investment reports are published on the zahnärztekammer website. As a result, the fund's AUM must be treated as undisclosed for the purposes of this profile.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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