Telekom-Pensionsfonds

Telekom-Pensionsfonds

Telekom-Pensionsfonds was established in 2002 by Deutsche Telekom AG to deliver occupational pensions through salary conversion for group employees. Carsten Velten serves as chairman while Heike Cox and Dr. Uwe Truetsch sit on the board. The structure functions as a mutual association under BaFin supervision rather than a standard insurance wrapper. The fund allocates roughly 25 percent to a high-conviction global equity book and 33 percent to credit and fixed income strategies. Alternatives comprise about 40 percent, including a diversified real estate portfolio held through Helaba Invest Spezial-AIF vehicles and infrastructure exposure via the IFM Global Infrastructure Fund. It also commits to DTCP Growth Equity III. Geographic reach covers Germany and broader Europe for real assets plus global markets for listed and private equity positions. Assets total 1,070 million USD. Willis Towers Watson acts as fiduciary manager since inception and NN Investment Partners handles equity and ESG mandates. The firm maintains membership in the aba industry association and follows UN Global Compact principles. In November 2025 it participated as a speaker at the Handelsblatt Jahrestagung Betriebliche Altersversorgung in Berlin. Governance ties directly to the sponsoring employer Deutsche Telekom AG, which created the fund and continues to shape its mandate. This corporate linkage determines both contribution flows and benefit design, distinguishing the vehicle from standalone multi-employer pension platforms.