PK Elbe

The fund serves exclusively the members of the Lotsenbrüderschaft Elbe — the professional guild of maritime pilots operating on the Elbe River. Membership is restricted to licensed pilots who hold an official appointment to navigate vessels to and from the Port of Hamburg.

PK Elbe is constituted as a Pensionskasse in the legal form of a Versicherungsverein auf Gegenseitigkeit (VVaG) — a mutual insurance association. This means the insured pilot members collectively own the entity, and any surplus must be used for member benefits rather than distributed to outside shareholders.

The fund operates a pooled vehicle called PK-ELBE-FONDS, which suggests the ability to hold diversified assets. However, the only directly attributable investment disclosed publicly is the mixed-use property at Elbchaussee 330 in Hamburg, held through a dedicated subsidiary. Any equity, fixed-income, or alternative allocations beyond real estate remain undisclosed.

Through its subsidiary Immo PK Elbe GmbH & Co. KG, the fund holds a mixed-use property at Elbchaussee 330, 22609 Hamburg. The property management is conducted by a separate administrative entity, Immo PK Elbe Verwaltungsgesellschaft mbH, under Managing Director Patrick Schütze.

No. As a single-sponsor VVaG pension scheme dedicated solely to the pilots of the Lotsenbrüderschaft Elbe, the fund does not accept external capital, co-investors, or third-party limited partners. Its structure is closed to anyone outside the pilot brotherhood.