# Versorgungswerk der Psychotherapeutenkammer Nordrhein-Westfalen

Versorgungswerk der Psychotherapeutenkammer Nordrhein-Westfalen is a Pension Fund based in Düsseldorf, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Düsseldorf, Germany
- **Region:** Europe
- **Address:** Düsseldorf, North Rhine-Westphalia, Germany
- **Founded:** 2004
- **Assets under management:** $800M - $1B (Altss estimate)
- **Website:** ptv-nrw.de

## Regulatory record

- **Reports private funds:** No

## About

The Versorgungswerk der Psychotherapeutenkammer Nordrhein-Westfalen (PTV NRW) was established in 2004 by the regional psychotherapists' chamber to operate a mandatory pension and disability scheme. It later expanded to absorb members from Baden-Württemberg's chamber in 2009 and the East German chamber in 2010, giving the fund a multi-regional contributor base that remains rare among Germany's fragmented professional pension institutions. PTV NRW invests across asset classes that balance its liability profile. The portfolio allocates to core real estate, European infrastructure, private debt, and private equity. On the private-markets side, the fund operates primarily as a fund-of-funds investor with a secondaries capability, sourcing commitments through gatekeepers and established managers — a posture that suits a lean team under Head of Private Equity Bernd Huintjes. Real estate holdings are concentrated in German and European mixed-use assets and data centers, reflecting a bias toward income-producing property with technology-sector tenants. The fund's total assets sit in the $800M–$1B range (Altss estimate), positioning it among the smaller but growing professional pension vehicles in Germany. The institution is a member of the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen, the umbrella group for Germany's liberal-profession pension schemes. Olaf Wollenberg serves as Chairman, while dual Managing Directors Ariane Dohle and Marc Wittmann oversee day-to-day operations from Düsseldorf. Unlike corporate pension funds that rely on employer-sponsored defined-benefit guarantees, PTV NRW is a public-law body that funds benefits entirely from member contributions and investment returns — no state subsidies. That self-contained structure makes its asset-allocation decisions both sovereign and conservative. For external managers, the fund represents a long-duration, regulation-bound European LP that allocates through fund commitments and secondaries rather than direct deal-making, making it a steady but low-profile participant in mid-market private-markets fundraising rounds.

## Sectors

- Real Estate
- Infrastructure
- Private Credit
- Secondaries & Special Situations

## People

- Olaf Wollenberg — Chairman of the Board (Vorsitzender des Verwaltungsrates)
- Ariane Dohle — Managing Director (Geschäftsführerin)
- Marc Wittmann — Managing Director (Geschäftsführer)
- Bernd Huintjes — Head of Private Equity Investments

## Questions

### Does the PTV NRW invest directly in private companies or only through funds?

The fund operates a fund-of-funds model for private equity with an active secondaries program. There is no indication of direct co-investment or single-asset deal activity. This approach allows a lean internal team to access private-markets returns without building direct underwriting capabilities.

### What is the fund's posture toward external fund managers?

PTV NRW commits to established private-markets managers via fund structures and secondaries transactions. As a German public-law pension vehicle, manager selection emphasizes regulatory compliance, duration-matching, and risk-averse portfolio construction. The fund is a known but low-profile LP in European mid-market fundraising.

### How is the fund regulated compared to a corporate pension plan?

PTV NRW is a public-law corporation under German professional-pension law, not a corporate or insurance entity. It is subject to supervision by the North Rhine-Westphalia state authorities and operates within the statutory framework for liberal-profession pension schemes. No state subsidies back the fund — all benefits are financed from member contributions and investment income.

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

Canonical page: https://altss.com/profile/versorgungswerk-der-psychotherapeutenkammer-nordrhein-westfalen

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