# E.ON Group Pension Scheme

E.ON Group Pension Scheme is a Pension Fund based in Essen, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Essen, Germany
- **Region:** Europe
- **Address:** Essen, Germany
- **Assets under management:** Undisclosed
- **Website:** eon.com

## Regulatory record

- **Reports private funds:** No

## About

E.ON Group Pension Scheme is a corporate investor based in Essen, Germany. It manages approximately $116.8 billion in assets across three funds. Its investment focus is on Europe.

## Sectors

- Real Estate
- Infrastructure
- Energy Transition & Renewables

## People

- Stefan Brenk — Head of Asset Management and Pension Finance
- Udo Schaffer — Vice President and Head of Real Estate
- Jörg Engels — Manager for Financial Assets

## Questions

### Who runs investment decisions at the E.ON Group Pension Scheme?

Stefan Brenk, as Head of Asset Management and Pension Finance at E.ON SE, oversees the scheme's investment function. He is supported by Udo Schaffer, who runs the real estate portfolio directly, and Jörg Engels, who handles financial assets. The team operates inside the corporate parent's finance division rather than as a separate investment entity.

### What geographies does the real estate portfolio cover?

Known holdings span the Netherlands, Portugal, Spain, Italy, and the United Kingdom. Specific assets include commercial and mixed-use properties in Amsterdam and Lisbon, with the scheme maintaining direct ownership and management of these positions.

### Does the scheme commit to external funds or invest directly?

The scheme operates primarily as a direct investor, particularly in real estate, bypassing the fund-of-funds or manager-selection model common among corporate pension plans. The portfolio includes directly owned buildings and an indirect stake in Nord Stream AG, pointing to a mix of direct property and infrastructure equity holdings.

### How is the scheme's investment strategy shaped by its sponsor, E.ON SE?

The scheme's energy-sector DNA is visible in its infrastructure exposure, including an indirect Nord Stream AG stake. E.ON SE's 2016 separation of Uniper refocused its balance sheet on regulated networks and customer solutions, and the pension portfolio's real-asset emphasis reflects that corporate capital-allocation philosophy.

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

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