Bayerische Versorgungskammer (Bvk)
Bavaria, Germany
Overview
Bayerische Versorgungskammer (BVK), founded 1995 as Germany's largest public-law pension group (roots trace to 1875's Brandversicherungskammer fire-insurance agency), manages 12 municipal/professional pension and benefit schemes with roughly $110bn (EUR75bn+ in its dedicated management vehicle) in assets. Regulated under German insurance law, portfolio spans fixed income, real estate, equities, private equity, infrastructure, and private credit, with a growing ~15% alternatives allocation as it diversifies beyond fixed income in a low-yield environment.
Key Facts
- Type
- Pension Fund
- AUM
- USD 120.0B
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Last updated April 20, 2026