# Bayer Pensionskasse

Bayer Pensionskasse is a Pension Fund based in Leverkusen, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Leverkusen, Germany
- **Region:** Europe
- **Address:** Philipp-Ott-Straße 3, 51373 Leverkusen, Germany
- **Founded:** 1897
- **Assets under management:** Undisclosed
- **Website:** bayer-pensionskasse.de
- **LinkedIn:** linkedin.com/company/bayer-pensionskasse-vvag

## Regulatory record

- **Reports private funds:** No

## About

Bayer Pensionskasse VVaG was established in 1897. Stefan Nellshen serves as its CEO and CIO. Bayer AG acts as the sponsoring employer and guarantor of the scheme. The fund allocates across bonds, direct real estate and private equity holdings. Positions include a 7.56 percent stake in Princess Private Equity Holding Limited reported on the LSE. Direct real estate spans Western Europe with an internal management team and includes a development project in Pfeffingen, Switzerland. Geographic exposure centers on Germany and neighboring European markets. The vehicle also maintains a specialized bond fund focused on local authority and government debt. Assets under management stand at an undisclosed level. The firm maintains membership in PensionsEurope, aba and VFPK. Stefan Nellshen holds seats on the EIOPA Occupational Pensions Stakeholder Group. In November 2024 the fund participated as a speaker at the IPE Conference & Awards discussing asset liability management. Bayer Pensionskasse operates through a mutual insurance structure that separates plan assets from Bayer AG corporate balance sheet. Covestro AG participates as a co-sponsor for shared pension obligations. The arrangement includes a dedicated Swiss entity for cross-border real estate holdings.

## Sectors

- Healthcare
- Chemicals
- Pharmaceuticals

## People

- Stefan Nellshen — CEO and CIO

## Questions

### Who runs investment decisions at Bayer Pensionskasse?

Stefan Nellshen holds the combined role of CEO and CIO. He also represents the fund on the EIOPA Occupational Pensions Stakeholder Group.

### How is Bayer Pensionskasse related to Bayer AG?

Bayer AG serves as the sponsoring employer and guarantor. The pension fund maintains separate legal status as a mutual insurance association.

### Does Bayer Pensionskasse participate in fund commitments or only direct deals?

The fund holds both direct real estate assets and positions in external vehicles such as Princess Private Equity Holding Limited.

### What asset classes receive allocations?

Allocations include government and local authority bonds, direct real estate across Western Europe, and private equity holdings.

### Which industry associations does Bayer Pensionskasse belong to?

The fund maintains memberships in PensionsEurope, aba, VFPK and the EIOPA Occupational Pensions Stakeholder Group.

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

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