# Bayerischer Pensionsfonds

Bayerischer Pensionsfonds is a Pension Fund based in Munich, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Odeonsplatz 4, Munich, Germany
- **Founded:** 1999
- **Assets under management:** 4331 (Altss estimate)
- **Website:** www.stmfh.bayern.de

## Regulatory record

- **Reports private funds:** No

## About

The Bayerischer Pensionsfonds was established in 1999 by the Free State of Bavaria. Its purpose is to accumulate assets that will cover future pension payments for state civil servants. The Bavarian State Ministry of Finance and for Homeland (StMFH) directs the fund while Deutsche Bundesbank executes investment mandates. Public equity holdings include positions in Enel, Eni, UniCredit, Mediobanca, Banco BPM, Prysmian, Poste Italiane and Snam. The portfolio also contains MSCI World and S&P 500 ETFs. Liquidity and cash management assets support short-term adjustments. All activity remains confined to Europe with primary exposure in Germany and Italy. The fund marked its 25th anniversary at an annual press conference in May 2024. Asset management and custody services are provided by Deutsche Bundesbank, Universal-Investment-Gesellschaft mbH, BNP Paribas and JP Morgan. No additional offices or professional headcount figures are disclosed.

## Sectors

- Infrastructure
- Energy

## People

- Albert Füracker — Bavarian Finance Minister

## Questions

### Who runs investment decisions at Bayerischer Pensionsfonds?

The Bavarian State Ministry of Finance and for Homeland sets strategy. Deutsche Bundesbank executes asset management under that mandate.

### Does Bayerischer Pensionsfonds participate in fund commitments or only direct deals?

The fund holds listed equities and ETFs. No commitments to external private funds are disclosed in available records.

### What is Bayerischer Pensionsfonds known posture on co-investments alongside external GPs?

No co-investment activity with external managers is recorded. Holdings consist of direct public equities and ETFs.

### How is Bayerischer Pensionsfonds related to the Bavarian State Ministry of Finance?

The ministry founded the fund and retains oversight. It also signs the annual reports through Ministerialdirektor Dr. Alexander Voitl.

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- [Union Pacific Foundation](https://altss.com/profile/union-pacific-foundation)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/bayerischer-pensionsfonds

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