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Versorgungswerk der Rechtsanwälte NRW
Founded in 1984 as a self-governing public body, the Versorgungswerk der Rechtsanwälte NRW provides old-age, occupational disability, and survivor pensions...
Versorgungswerk der Rechtsanwälte NRW
Founded in 1984 as a self-governing public body, the Versorgungswerk der Rechtsanwälte NRW provides old-age, occupational disability, and survivor pensions exclusively for attorneys practicing in North Rhine-Westphalia. The compulsory membership structure creates a closed capital base that is not subject to the redemption or liquidity pressures of open-ended mutual funds. Asset allocation leans heavily on direct and co-invested real estate alongside strategic private equity fund commitments. On the property side, the fund co-invests frequently with Art-Invest Real Estate, building a concentrated portfolio of trophy commercial assets — including the Kennedydamm 15-17 office complex in Düsseldorf and the landmark Europa-Allee 92-94 building in Frankfurt am Main. A mixed-use development, Gut Hirschberg, further diversifies the German footprint. The fund also anchors limited-partner positions in vehicles like the Munich-based Asia Property Fund II, extending its reach into pan-regional real estate. The investment staff operates out of the Düsseldorf headquarters on Breite Straße, where the fund also serves as the outsourced asset manager for the Notarversorgung Köln — the parallel pension scheme for notaries in the Cologne region. The fund maintains institutional ties through the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen e.V. (ABV), the umbrella organization for German professional pension schemes. Unlike German public pension pools that consolidate into master-KVG structures, the Versorgungswerk retains direct control over its largest real estate allocations — a governance choice that concentrates sourcing, due diligence, and joint-venture partner selection inside the Düsseldorf office rather than delegating to an external consultant.
General information
Firm type
Pension Fund
Year founded
1984
Location
Region
Europe
Country
Germany
City
Düsseldorf
Corporate office
Breite Straße 67, 40213 Düsseldorf, Germany
Principals
Dr. Christoph Meyer-Rahe
President
Susanne Prossliner
Managing Director
Sector focus
Frequently asked questions
Is the Versorgungswerk managed by an external consultant or by an in-house team?
Investment sourcing and asset management are driven in-house from Düsseldorf. The fund acts as a direct principal, particularly in real estate, and has not delegated primary portfolio construction to an external master-KVG. Susanne Prossliner serves as Managing Director, overseeing the operational execution of the investment strategy.
How does the Versorgungswerk source its direct real estate deals?
A significant portion of direct real estate exposure comes through a sustained co-investment partnership with Art-Invest Real Estate. This relationship has produced large-scale German commercial acquisitions, including trophy office assets in Frankfurt and Düsseldorf. This joint-venture model allows the fund to access institutional-quality deal flow directly, bypassing blind-pool fund structures for its core domestic property allocation.
Does the fund make direct private equity investments or only fund commitments?
The fund's private equity exposure is primarily executed through commingled fund commitments, including real estate-focused vehicles like the Munich-based Asia Property Fund II. While the fund co-invests directly in physical real estate assets, there is no disclosed direct co-investment or company-level equity program for corporate private equity.
What is the relationship between the Versorgungswerk and Notarversorgung Köln?
The Versorgungswerk der Rechtsanwälte NRW manages the investments and assets of the Notarversorgung Köln, the pension scheme for notaries in the Cologne region. This administrative and investment-management mandate increases the pool of assets under the Düsseldorf team's direct control, creating economies of scale in manager selection and operational due diligence.
How liquid is the Versorgungswerk's portfolio, given the nature of a compulsory pension scheme?
Liquidity is structurally favored by a compulsory, growing member base of approximately 45,000 actively contributing attorneys. This steady contribution stream supports a deliberately illiquid portfolio construction, dominated by direct real estate holdings and closed-end private equity fund commitments that would be unsuitable for a daily-dealing open-ended fund.
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