# Pensionskasse für die Arbeitnehmerinnen und Arbeitnehmer des ZDF

Pensionskasse für die Arbeitnehmerinnen und Arbeitnehmer des ZDF is a Pension Fund based in Mainz, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Mainz, Germany
- **Region:** Europe
- **Address:** Mainz, Germany
- **Assets under management:** Undisclosed
- **Website:** www.zdf-service.de

## Regulatory record

- **Reports private funds:** No

## About

The Pensionskasse für die Arbeitnehmerinnen und Arbeitnehmer des ZDF was established by Zweites Deutsches Fernsehen (ZDF) to secure occupational pension benefits for its workforce. Structured as a Versicherungsverein auf Gegenseitigkeit (mutual insurance association), it is a member-driven entity with a fiduciary duty limited to its participants — a legal form common among German corporate pension funds. It maintains operational ties to the Baden-Badener Pensionskasse, which serves employees of fellow public broadcaster SWR. The fund runs an allocation weighted toward hard assets and absolute-return strategies. Real estate dominates the known portfolio, with positions in German commercial properties through WestInvest TargetSelect Shopping and ECO Büroimmobilien, a mixed-use vehicle from HI-VANR Immobilien-Fonds, and the HI-MEA-Fonds. It also reaches into the United States via the JAMESTOWN US-Immobilien fund. Senior Investment Manager Oliver Dräger helps oversee this portfolio. The fund is an active member of the Verband der Firmenpensionskassen e.V. (VFPK), the German association for corporate pension funds, which advocates for regulatory conditions specific to this insurance-based pension model. No recent operational event was verifiable from current sources. What distinguishes this entity is its VVaG legal wrapper. Unlike a trust- or foundation-based pension scheme, the mutual insurance structure means every policyholder is a member with rights to participate in the association's governance. This architecture aligns the fund's investment horizon strictly with the long-term pension liabilities of ZDF's current and former employees, insulating it from the quarterly performance pressures that can shape third-party asset managers.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Hedge Funds

## People

- Birgit Berges — Member of the Board (Vorstand)
- Tim Voetmann — Member of the Board (Vorstand)
- Oliver Dräger — Senior Investment Manager

## Questions

### Who runs investment decisions at Pensionskasse für die Arbeitnehmerinnen und Arbeitnehmer des ZDF?

The board, or Vorstand, includes Birgit Berges and Tim Voetmann, who provide top-level direction. Day-to-day investment management is supported by Senior Investment Manager Oliver Dräger, according to Altss research records.

### What is the relationship between this Pensionskasse and the Baden-Badener Pensionskasse?

The two pension funds are linked by their broadcast-industry origins: the Pensionskasse für die Arbeitnehmerinnen und Arbeitnehmer des ZDF serves ZDF employees, while the Baden-Badener Pensionskasse serves employees of SWR and other public broadcasters. They are separate legal entities but are known to collaborate on administrative and investment matters (Altss research).

### What does the known real estate portfolio consist of?

Known real estate fund positions span German commercial and mixed-use assets — including WestInvest TargetSelect Shopping, ECO Büroimmobilien, and HI-VANR Immobilien-Fonds — alongside US mixed-use via the JAMESTOWN US-Immobilien fund. The fund also invests through the HI-MEA-Fonds in Germany (Altss research).

## Related profiles

- [Pensionskasse Deutscher Eisenbahnen und Straßenbahnen](https://altss.com/profile/pensionskasse-deutscher-eisenbahnen-und-strassenbahnen)
- [Sterbekasse für die Angestellten der Deutsche Bank Gruppe](https://altss.com/profile/sterbekasse-fur-die-angestellten-der-deutsche-bank-gruppe)

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Last updated: 2026-08-11T02:43:31.692Z

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