KGAL-Group

We create real values – with competence and passion.

Our many years of expertise focus on the real estate, sustainable infrastructure and aviation asset classes, as well as venture capital and private equity. Thanks to this expertise and our proximity to the assets in question we have been successful on behalf of our investors for nearly 60 years now. We currently manage an investment volume of around 16 billion euros.

Our strategic investment orientation is based on well-founded macroeconomic research in our European target markets. More than 400 employees make the difference with their professionalism and passion, ultimately creating more value along the entire value-creation chain. Our aspiration is the satisfaction of our customers – we have been successful in this since 1968.

KGAL in figures

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billion EUR

managed investment volume

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employees

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properties in individual and portfolio transactions

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sustainable infrastructure transactions

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completed aircraft transactions

Management of the KGAL Group

Dr. Thomas Schröer Chief Financial
Officer/Chief Risk
Officer

André Zücker Co-Chief
Executive
Officer

Florian Martin Co-Chief
Executive
Officer

Dr. Anke Sax Chief Operating Officer
/Chief Technology
Officer

Michael Ebner Managing Director Asset- and Portfolio Management

The most important milestones

1968

1979

1989

1998

2003

2010

2017

2021

2023

2024

1968

Foundation of KGAL

KGAL is founded as a joint venture between Neue Sparcasse von 1864 (now Hamburger Sparkasse) and the entrepreneur Karl Kreusel, with the focus on the real estate asset class.

1979

KGAL expands into the new real asset class

With the first German aircraft leasing fund KGAL establishes a further real asset investment class.

1989

KGAL and Deutsche Lufthansa establish first joint venture

The joint venture Lufthansa Leasing marks the beginning of KGAL’s rise as a leading asset manager for aircraft portfolios.

1998

KGAL and Deutsche Lufthansa establish second joint venture

The second joint venture, GOAL, expands the partners’ involvement in the fast-growing aircraft leasing market.

2003

KGAL completes its entry into the sustainable infrastructure asset class

KGAL acquires a first wind farm and thus enters the sustainable infrastructure asset class.

2010

ESPF1 takes off

KGAL launches first transnational European photovoltaic fund (ESPF1).

2017

KGAL manages the first single account with equity of more than one billion euros

A German investor mandates KGAL with the development and management of a customised single account of more than 2 billion euros.

2021

KGAL is a climate-neutral asset manager

KGAL GmbH & Co. KG becomes climate-neutral by compensating for all greenhouse gas emissions in conjunction with its own business operations as of the beginning of 2021.

2023

KGAL wins international mandate for KfW’s PtX

The many years of expertise at KGAL were enough to convince KfW Bankengruppe to mandate KGAL with the management of its PtX Development Fund.

2024

KGAL makes renewables asset class accessible to private investors

Now private investors can also invest in the Europe-wide energy transition.

KGAL and ESG

For all asset classes, we determine ESG indicators for the management of our investments and the associated transparent reporting. We also facilitate dialogue with customers and other stakeholders on how to deal with current sustainability issues, thereby creating transparency. We include an ESG analysis in the due diligence risk assessment for all products. We also address climate-related risks in the regular risk reporting for our investors.