MPK

The two-member Vorstand, consisting of Paul Wessling and Mark Walddörfer (appointed 2017), holds executive responsibility for the fund. Wessling is a long-standing board member and a recognized expert in German pension regulation. The supervisory board, chaired by Johannes Niclassen of Haribo GmbH & Co. KG, provides oversight but does not directly manage investments.

The portfolio is built around registered bonds, promissory notes, and investment funds held domestically, alongside an indirect real estate portfolio spanning mixed-use assets in Germany and Europe. The fund also holds resort-linked private credit via Your Nature eco-resort debt in Antoing, Belgium. Direct equity or venture capital allocations are not disclosed.

MPK is the pension vehicle for the grain and milling sector, with supervisory board seats held by executives from sponsoring companies including GoodMills Deutschland, Peter Kölln, Josera Erbacher Service, Fessler Mühle, and Haribo. The fund maintains close organizational ties to the VGMS, the trade association for the milling industry.

MPK operates as a Versicherungsverein auf Gegenseitigkeit — a mutual insurance association. All surpluses generated are exclusively allocated to policyholders and pensioners. No external shareholders or sponsoring employers receive distributions, aligning the fund’s investment outcomes directly with its beneficiary base.

The firm’s real estate exposure is held indirectly through fund structures across Germany and Europe, suggesting fund-of-funds allocations rather than direct property co-investments. No direct co-investment activity alongside external GPs has been publicly disclosed.