# Siemens Pension Plan (Germany)

Siemens Pension Plan (Germany) is a Pension Fund based in Munich, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Assets under management:** 16.7B (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The plan functions as the independent asset manager for Siemens AG retirement obligations. It traces its operational structure to the parent company's employee base without a disclosed founding date for the pension vehicle itself. Investments span government bonds, private equity fund-of-funds, infrastructure, and mixed-use real estate. Confirmed positions include stakes in Fluence Energy and Siemens Energy AG. Geographic exposure covers Germany for residential assets and broader global markets for alternatives. Siemens Fonds Invest GmbH executes much of the alternative allocation. The plan reports 16.7 billion USD in assets. It maintains memberships in Invest Europe, BAI, ILPA, and PRI. In September 2025 the Siemens Fonds Invest platform opened to external institutional investors. Governance separates the pension trust from Siemens AG operations while retaining close coordination on legacy holdings such as the 14.8 percent stake in Siemens Energy AG.

## Sectors

- Private Equity
- Real Estate
- Infrastructure

## Questions

### Does Siemens Pension Plan (Germany) participate in fund commitments or only direct deals?

The plan holds both private equity fund-of-funds and direct real estate assets through Siemens Fonds Invest GmbH.

### What is Siemens Pension Plan (Germany)'s known posture on co-investments alongside external GPs?

The plan has taken co-investor positions in Fluence Energy alongside Siemens AG and AES.

### How is Siemens Pension Plan (Germany) related to Siemens AG?

The pension plan operates as the independent asset manager for Siemens AG employees while holding legacy stakes in Siemens Energy AG.

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- [Alberta Heritage Savings Trust Fund](https://altss.com/profile/alberta-heritage-savings-trust-fund)
- [Desjardins Group Pension Plan](https://altss.com/profile/desjardins-group-pension-plan)

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

Canonical page: https://altss.com/profile/siemens-pension-plan-germany

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