Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG

Jürgen Rings chairs the Management Board with oversight across both Hoechst pension funds. Andreas Hilka serves as the board member responsible for asset management, and both are active in Germany's aba pension association. Day-to-day allocation authority rests with the board rather than an external CIO.

It is a multi-employer pension fund. The sponsoring entities include Hoechst GmbH and Sanofi, while member companies encompass industrial firms such as Nagarro and CeramTec that were once part of the Hoechst conglomerate or the chemical industry ecosystem.

Public record shows the fund originates registered bonds and promissory notes in Germany, manages a domestic mortgage portfolio, holds domestic mixed-use real estate including a DHL facility in Ginsheim-Gustavsburg, and maintains commodity fund exposures. This suggests a bias toward tangible, income-generating assets with German legal structures.

There is no public evidence of private equity fund commitments or venture capital allocations. The disclosed holdings—direct real estate, mortgage loans, promissory notes, and commodities—reflect a credit-and-hard-asset orientation more typical of German industry pension schemes than an equity-heavy portfolio.

The fund sits inside the German co-determination and sectoral bargaining framework. Board members are embedded in the chemical-industry employer associations HessenChemie and BAVC, and the fund maintains ties to both Hoechst GmbH and Sanofi as sponsoring entities. This layered governance separates the pension pool from any single corporate balance sheet.