Pension Fund

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VBV Pensionskasse

VBV Pensionskasse operates as the market leader in Austrian supplementary pensions. Andreas Zakostelsky serves as Director General of the VBV-Gruppe.

VBV Pensionskasse logo

VBV Pensionskasse

VBV Pensionskasse operates as the market leader in Austrian supplementary pensions. Andreas Zakostelsky serves as Director General of the VBV-Gruppe. The firm receives contributions from employers to fund occupational retirement provisions for Austrian employees and retirees. The portfolio allocates across global equities via Paris-aligned indices and ETFs, European sovereign and corporate bonds, private debt representing 10-20% of assets, European real estate at approximately 5% and infrastructure equity at 7-8%. Confirmed holdings include positions in the SolarWind Fund for renewable energy and Finance in Motion for impact strategies. Investments span Europe and select global markets through vehicles such as VBV-Lux Global SCA SICAV-SIF. Geographic exposure centers on Austria, broader Europe and limited emerging-market debt. The firm employs no disclosed headcount figure. It maintains the VBV-Lux Global structure for private-market access in Luxembourg. VBV participates in the Green Finance Alliance as a founding member, the UN PRI Leaders Group and Climate Action 100+. March 2025: Spoke at the Sustainable Investor Summit in Vienna on sustainable infrastructure and ESG integration. VBV maintains shareholder ties to Erste Group Bank AG, Wiener Städtische Versicherung and Bank Austria. These relationships shape custody, asset management and mandate origination. The structure separates the pensionskasse from the Vorsorgekasse arm while sharing group oversight through VBV-Betriebliche Altersvorsorge AG.

General information

Firm type

Pension Fund

Location

Region

Europe

Country

Austria

City

Wien

Corporate office

Obere Donaustraße 49-53, 1020 Wien, Austria

Principals

Andreas Zakostelsky

Director General of VBV-Gruppe

Günther Schiendl

Member of the Board responsible for investments

Sector focus

Private CreditReal EstateInfrastructurePublic EquitiesFixed Income

Frequently asked questions

Who runs investment decisions at VBV Pensionskasse?

Günther Schiendl serves as Member of the Board responsible for investments. Andreas Zakostelsky acts as Director General of the VBV-Gruppe and oversees group strategy.

Does VBV Pensionskasse participate in fund commitments or only direct deals?

VBV uses both approaches. It holds direct real-estate assets and commits to funds through the VBV-Lux Global vehicle for private markets.

Which asset classes does VBV Pensionskasse allocate to?

Allocations include global public equities, European fixed income, private debt at 10-20% of AUM, European real estate near 5% and infrastructure equity at 7-8%.

Where does VBV Pensionskasse source deal flow?

Sourcing occurs through shareholder relationships with Erste Group Bank AG and Wiener Städtische Versicherung plus direct mandates from corporate clients such as IBM Austria and Siemens Austria.

What is VBV Pensionskasse's known posture on ESG?

VBV is a founding member of the Green Finance Alliance, a PRI signatory since 2017 and a participant in Climate Action 100+ and IIGCC.

How is VBV Pensionskasse related to its shareholders?

Erste Group Bank AG, Wiener Städtische Versicherung and Bank Austria hold stakes and act as strategic partners for asset management and custody.

Does VBV Pensionskasse maintain separate vehicles for private markets?

Yes. VBV-Lux Global SCA SICAV-SIF serves as the Luxembourg vehicle for private real estate and private-market investments, with VBV-Lux Global GP as the 100% owned holding entity.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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