# Babcock Pensionskasse VVaG

Babcock Pensionskasse VVaG is a Pension Fund based in Oberhausen, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Oberhausen, Germany
- **Region:** Europe
- **Address:** Elsa-Brändström-Straße 1, 46045 Oberhausen, Germany
- **Founded:** 1954
- **Assets under management:** 527 (Altss estimate)
- **Website:** babcock-pensionskasse.de
- **LinkedIn:** https://babcock-pensionskasse.de/

## Regulatory record

- **Reports private funds:** No

## About

Babcock Pensionskasse VVaG was established in 1954 to deliver occupational pensions to employees of Babcock Borsig and their dependents. After the sponsor entered insolvency in 2002 the fund continued as a multi-employer scheme under German insurance supervision. The portfolio combined liquid assets held in the BPK-Universalfonds master fund with real-estate exposures through MAGNA Babcock Select and direct holdings. Confirmed positions included the Holiday Inn Express Oberhausen, Trane Headquarters in Oberhausen, SPOT Oberhausen mixed-use building, and a joint-venture interest in the SCHLOSS Roxburghe Hotel & Golf Course in Scotland. Geographic reach extended to Germany and the United Kingdom, with additional indirect exposure to logistics, retail and office funds across Europe and Eastern Europe. Ticket sizes ranged from 5 million to 25 million USD. Four professionals operated the fund from its Oberhausen headquarters. Service providers included Gassner und Partner for actuarial work, Helaba Invest as master KVG, and 12.18. Investment Management as real-estate joint-venture partner. In April 2025 the firm spoke at the Institutional Money Congress in Frankfurt on private equity and alternative investments for pension funds. The fund operated under the German Insurance Supervision Act with mandated ESG integration. Its structure as a mutual insurance association (VVaG) and subsequent multi-employer status after sponsor failure created a distinct governance path that ended with regulatory revocation in December 2025.

## Sectors

- Diversified

## People

- Ralf Langhoff — Chairman of the Board
- Mark Walddörfer — Board Member and Actuary
- Leonard Ronig — Board Member responsible for accounting and IT

## Questions

### Who runs investment decisions at Babcock Pensionskasse VVaG?

Ralf Langhoff served as Chairman of the Board. Mark Walddörfer and Leonard Ronig completed the three-member management board responsible for actuarial, accounting and investment oversight.

### What asset classes did Babcock Pensionskasse VVaG hold?

The fund maintained allocations to direct real estate, real-estate special funds, mezzanine debt funds and private-equity fund-of-funds vehicles. Liquid assets were held primarily in the BPK-Universalfonds master fund.

### Which regions did Babcock Pensionskasse VVaG target?

Core holdings were located in Germany and the United Kingdom, with indirect exposure to additional European and Eastern European markets through fund investments.

### How was Babcock Pensionskasse VVaG structured after the 2002 insolvency?

The original single-employer scheme became a multi-employer pension plan under the VVaG mutual association form once Babcock Borsig ceased to exist.

### What caused the revocation of the fund's operating license?

BaFin revoked the license in December 2025 after significant investment losses rendered the plan unable to meet its obligations.

## Related profiles

- [Headlands Capital Management](https://altss.com/profile/headlands-capital-management)
- [Alceon Korea Asset Management](https://altss.com/profile/alceon-korea-asset-management)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/babcock-pensionskasse-vvag

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