KENFO (Germany)

Overview

KENFO (Germany) is a sovereign wealth fund with public profile context reviewed for allocator-careers relevance.¹

KENFO (Germany)'s investment capital supports sovereign or public-sector financial objectives.¹

Estimated AUM: $29.2B as of Dec 31, 2025¹
Capital pool: State-owned permanent/stabilization fund (public-law foundation funded by a one-time industry levy, managing assets on behalf of the German federal government to finance nuclear waste disposal in perpetuity)¹
Investment model: Not listed yet¹
Investment approach: Schwarz Download (PDF, 1,24 Mb) KENFO Working Paper: Climate Risk and (Very-)Long-Term Expected Asset Class Returns Autoren: Alex Bogun, Anil Gürtürk, Lukas M.²
Spending support: Not listed yet
Spending policy: Not listed yet
Asset allocation: Public evidence references these asset classes or allocation areas: private equity, fixed income.¹
Performance: Not listed yet
Governance: Download (PDF, 8,51 Mb) Corporate Governance Bericht 2025 Erfahren Sie mehr über die Corporate Governance des KENFO im aktuellen Bericht zum 31.12.2025.¹
Investment team: Zu den Stellenangeboten Aktueller Podcast Aktien-Booster für die Rente FOCUS MONEY Talks Folge 66 mit Anja Mikus, Vorsitzende des Vorstands CEO / CIO Zum Podcast Geschäftsbericht 2025 Hier finden Sie den aktuellen Geschäftsbericht des KENFO mit allen wichtigen Informationen zu Finanzentwicklung und Kapitalanlageergebnissen.¹
Unfunded commitments: Not listed yet
Source freshness: Last verified Jul 21, 2026 · Needs review

Last verified Jul 21, 2026 from public career and organization materials.

Website (kenfo.de)Parent organization overview, Pool purpose, Capital pool, Estimated AUM, Investment model, Asset allocation, Governance, Investment team · checked Jul 25, 2026
Website (kenfo.de)Investment approach · checked Jul 25, 2026
Website (kenfo.de)Investment office page · checked Jul 25, 2026