# Versorgungswerk der Steuerberater im Land Nordrhein-Westfalen

Versorgungswerk der Steuerberater im Land Nordrhein-Westfalen is a Pension Fund based in Düsseldorf, Germany.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Düsseldorf, Germany
- **Region:** Europe
- **Address:** Düsseldorf, Nordrhein-Westfalen, Germany
- **Founded:** 1998
- **Assets under management:** $5.4B (Altss estimate)
- **Website:** stbv-nrw.de
- **LinkedIn:** https://de.linkedin.com/company/versorgungswerk-der-steuerberater-im-land-nordrhein-westfalen

## Regulatory record

- **Reports private funds:** No

## About

Founded in 1998 to serve tax advisors in North Rhine-Westphalia, the fund now administers pension obligations for four additional professional groups under one Düsseldorf roof: the tax advisor schemes of Hesse, Rhineland-Palatinate, and Saxony, plus the Thuringian tax advisor fund, which joined by state treaty. This multi-entity administrative consolidation operates with a single investment team, pooling assets and lowering overhead relative to standalone peer funds. The listed portfolio spans direct real estate, infrastructure co-investments, private equity, and precious metals. On the real-asset side, Karin Braun holds a direct commercial property at Pempelforter Straße 11 in Düsseldorf. The fund also participates in infrastructure debt: a Rail Equipment GmbH & Co KG green loan portfolio in Austria, co-financed with the Altersversorgungswerk der Zahnärztekammer Niedersachsen and Deutsche Rückversicherung AG. Philipp Hocks sources both public equity and private equity commitments, operating alongside a fund-of-funds overlay that expands access to external managers. The investment team runs lean — four named professionals covering real estate, infrastructure, public/private equity, and overall capital allocation under Managing Director Ariane Plankermann. Professional headcount beyond the investment function is not publicly disclosed. The fund is a signatory to the UN Principles for Responsible Investment and a member of the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen, the umbrella body for German professional pension funds. The structural differentiator is the administrative consolidation model. By managing schemes for Hesse, Rhineland-Palatinate, Saxony, and Thuringia alongside North Rhine-Westphalia, the fund achieves portfolio scale that a single-state tax advisor scheme would not reach on its own. This shared-services architecture allows the internal team to allocate directly to real assets — rather than relying purely on external mandates — while maintaining separate liability pools for each participating pension fund.

## Sectors

- Real Estate
- Infrastructure
- Private Equity
- Private Credit

## People

- Ariane Plankermann — Managing Director
- Kathrin Eichholz — Head of Capital Investment
- Karin Braun — Head of Real Estate & Infrastructure
- Philipp Hocks — Investment Manager for Public & Private Equity

## Questions

### Who runs investment decisions at Versorgungswerk der Steuerberater NRW?

Investment operation is led by Ariane Plankermann as Managing Director. Kathrin Eichholz heads Capital Investment, Karin Braun is responsible for Real Estate & Infrastructure, and Philipp Hocks manages Public & Private Equity. The team sits in Düsseldorf and handles both direct sourcing and fund-of-funds commitments.

### Does the fund only serve tax advisors from North Rhine-Westphalia?

No. The Düsseldorf office administers pension obligations for tax advisor schemes in Hesse, Rhineland-Palatinate, Saxony, and Thuringia, in addition to the founding North Rhine-Westphalia plan. The Thuringian fund joined via a state treaty. The fund also manages assets for the pension scheme of the Chamber of Psychotherapists of North Rhine-Westphalia.

### What does the portfolio look like on the real-asset side?

The fund holds direct commercial real estate, including Pempelforter Straße 11 in Düsseldorf. On the infrastructure side, it has a co-investment in a Rail Equipment GmbH & Co KG green loan portfolio in Austria, alongside the Altersversorgungswerk der Zahnärztekammer Niedersachsen and Deutsche Rückversicherung AG.

### Is the fund a PRI signatory?

Yes. Versorgungswerk der Steuerberater NRW is listed as an adherent to the UN Principles for Responsible Investment. The fund also belongs to the Arbeitsgemeinschaft berufsständischer Versorgungseinrichtungen, the umbrella organization for professional pension funds in Germany.

### How does the fund structure its alternative investments?

Private markets exposure operates through a dual model: direct co-investments in infrastructure and real estate, alongside a fund-of-funds program for broader private equity exposure. Philipp Hocks manages both public and private equity as Investment Manager, while Karin Braun sources real estate and infrastructure directly.

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

Canonical page: https://altss.com/profile/versorgungswerk-der-steuerberater-im-land-nordrhein-westfalen

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