Versorgungswerk der Apothekerkammer Nordrhein

Versorgungswerk der Apothekerkammer Nordrhein

Founded in 1979, Versorgungswerk der Apothekerkammer Nordrhein is the mandatory pension institution for all pharmacists in North Rhine-Westphalia, both self-employed and employed. The fund operates as a legally independent entity from its founding parent, the Apothekerkammer Nordrhein, under the leadership of Hauptgeschäftsführer Jens Hennes and Vorstandsvorsitzende Dr. Claudia Vogt. Beate Sicking became a second Geschäftsführerin in January 2025. The portfolio is structured around four distinct asset classes: direct residential real estate concentrated in Germany, particularly in and around North Rhine-Westphalia; a global infrastructure portfolio that includes participation in a European offshore wind park and a German solar installation; a global private debt allocation; and mixed-use properties across Germany and Europe via the aik Immobilien-Investmentgesellschaft vehicle. The fund's real asset tilt is visible in projects like the large-scale Hannover-Kronsrode residential complex. It participates in the Ständige Konferenz der Versorgungswerke der Apotheker, a network of sister pharmacist pension institutions. January 2025 saw Beate Sicking, previously a general attorney-in-fact, promoted to a dual leadership structure alongside Hennes. This governance expansion coincides with the fund's longstanding operational agreement managing both assets and administration for the Versorgungswerk der Tierärztekammer Nordrhein — the parallel institution for the region's veterinarians — effectively pooling execution costs across two independent professional pension schemes. What differentiates VANR from a conventional single-profession pension fund is its operational hedge: by administering the veterinary pension scheme's capital alongside its own, it achieves scale in back-office infrastructure without merging fiduciary liability. This joint management arrangement with VTNR mimics a scaled multi-employer setup without a legal merger, preserving the distinct identity each professional chamber requires.