Grünwald near Munich, 29.10.2025 – The Debeka Insurance Group has commissioned KGAL Investment Management, which specialises in real asset investments, to set up and manage a mixed real asset portfolio. The focus is on direct investments in infrastructure, especially renewable energies and infrastructure real estate. Both areas play an important role in Europe’s economic future. To this end, two open-ended evergreen funds with a total of up to EUR 400 million have been launched.
One portfolio is to contribute to climate protection and energy security in Europe with a focus on the generation, storage and processing of renewable energies. The second portfolio is aimed at investing in socially used and sustainable real estate with a focus on Germany. Specifically, it concerns the types of use of education and health (such as schools, kindergartens, medical care centres), public facilities (such as local administration, regional authorities, employers’ liability insurance associations) as well as local supply and housing.
The timing for the launch of the two funds is favorable. The European Union and its member states have accelerated the expansion of renewable energies in order to achieve their climate targets. Florian Martin, Co-CEO of KGAL, explains the background: “The special fund initiated by the German government alone is far from being able to close the investment gap. Additional private capital is needed. We are pleased to be taking the initiative here with the Debeka Group.”
Ralf Degenhart, CFO of the Debeka Insurance Group, explains: “This long-term direct investment in the European and German infrastructure is very much in line with the sustainable orientation of our investment strategy. The expansion of renewable energies makes a significant contribution to European energy sovereignty. In addition, social infrastructure enables investment in the foundation of our community. Both investments promise stable, long-term returns and ESG compatibility.”
If the mixed mandate develops as expected, further expansion stages are possible.
