Volkswohl Bund

Volkswohl Bund

Volkswohl Bund was founded in 1919 as a life and property insurer. Gerrit Böhm leads the group while Celine Carstensen-Opitz represents it on boards and foundations. The firm maintains no disclosed family wealth origin and operates as a mutual insurance entity. The group allocates across real estate, renewables, and select private equity secondaries. Asset classes include mixed-use residential portfolios in Munich, Hamburg, and Cologne plus commercial offices in Berlin and Münster. It holds direct stakes through entities such as Volkswohl Bund Immobilien VVaG & Co. KG and has committed to Pantheon Global Secondary Fund VII. Geographic reach centers on Germany with additional exposure in the Netherlands and Austria. Confirmed holdings include the Potsdamer Platz office building acquired from Deka Immobilien and a 61.7 MWp solar park in Exloo. The firm employs staff across its Dortmund headquarters and maintains 100 percent ownership in subsidiaries including Aukera Real Estate AG and Volkswohl Bund Energie GmbH. It participates in industry groups such as GDV and holds memberships in UNEP FI. In April 2024 the group spoke at the Private Banking Kongress in Munich on institutional investment topics. Ownership of operating businesses such as Dortmunder Lebensversicherung AG and prokundo GmbH creates an integrated structure that combines insurance underwriting with direct asset management. This setup allows internal sourcing of real estate and energy investments without reliance on external managers.