Debeka commits €400m to infrastructure projects

Written by Michael Griffiths

31/10/2025

German insurer Debeka has announced an infrastructure investment of up to €400m with KGAL Investment Management.

The move will see Debeka commission KGAL, which specialises in tangible asset investments, to build and manage a diversified real asset portfolio.

Debeka suggested that the focus would be on direct investments into renewable energy and infrastructure properties.

One portfolio, focusing on the generation, storage, and processing of renewable energies, will aim to contribute to climate protection and energy security in Europe. The second portfolio will focus on investments in socially used and sustainable real estate, primarily in Germany.

Co-CEO of KGAL, Florian Martin, said: “The special fund initiated by the German Government cannot close the investment gap by a long shot. Additional private capital is needed. We are delighted to be joining forces with the Debeka Group to take this initiative.”

CFO of the Debeka Insurance Group, Ralf Degenhart, added: “This long-term direct investment in European and German infrastructure aligns perfectly with the sustainable focus of our investment strategy.

“The expansion of renewable energies makes a significant contribution to European energy sovereignty. In addition, social infrastructure allows for investment in the foundation of our society. Both investments promise stable, long-term returns and ESG compatibility.”

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