High-calibre tangible asset investments for institutional investors.

Spread risk. Concentrated expertise.

Since 1968, KGAL GmbH & Co. KG has been placing tangible asset investments for institutional and private investors both within Germany and abroad. Our predominantly closed alternative investment funds (AIF) in the real estate, infrastructure (energy) and aviation class help KGAL Group investors to spread the risk of their overall portfolio – and even to reduce it, as these sectors have little in common with other asset classes.

Our investment philosophy lies on two fundamental pillars: diversification and active management at asset and fund level. As our customer, you benefit from a full-service package with permanently assigned contacts, reporting at the highest institutional level, and specialised investment teams who manage the assets on-site and look for optimisation potential, as well as attractive purchasing and selling opportunities.

Our numbers are convincing; better still, they speak for us!

0 Billion

KGAL Group currently manages an investment volume of €20.2 billion worldwide.

0 Experts

Our great number of 371 experts allows us to put together bespoke teams to meet any customer requirement and any challenge when it comes to tangible asset investments.

0 experts

49 in-house asset experts oversee the real assets of our investors on-site.

0 Funds

KGAL Investment Management GmbH & Co. KG currently manages 21 institutional funds, six of which are single mandates or club deals, and three of which are in placement.

Investment management with full service. Tailor-made.

Whether you are an insurance provider, pension fund, pension provider or family office or foundation of an institutional nature – we tailor our investment products and services to your specific investment goals and reporting requirements. Our investment teams dedicate their many years of experience to ensuring attractive risk-adjusted yields.

A portfolio of 21 institutional funds and figures that speak for themselves.

Our current institutional funds, single accounts and club deals offer attractive, stable distributions at an international level: We invest across Europe in the renewable energy sector, just as we do in the real estate sector. It goes without saying that aviation is also an international business sector, in which we are globally active within two joint ventures with Deutsche Lufthansa AG.

Of the 21 investment vehicles, three are currently in placement.

Three attractive funds. 50 years of experience.

KGAL GmbH & Co. KG has been involved in the secured aircraft leasing business since 1979, and has offered an ESG-compliant investment vehicle with renewable energy plants since 2003. We are currently offering our experience into three investment funds for institutional investors: the fourth pan-European infrastructure fund for renewable energies, ESPF 4, and the third global aviation portfolio fund APF 3. With our KGAL Walkability Fund is also another fund of our oldest asset class – real estate – in placement.

Heads of Sales Institutional Business.


Managing Director Sales

Schulte Eistrup

Head of International Institutional Business

Sales Institutional Business.


Senior Director Germany


Senior Director Germany


Senior Director Nordics

van den Brande

Senior Director France, Benelux & Asia


Senior Director UK & Ireland


Senior Director Switzerland & Austria

We place great value on long-established partnerships – like those we have with Germany’s leading airline.

With the support of our joint ventures, GOAL German Operating Aircraft Leasing and Lufthansa Leasing, we have everything covered from financing, asset and portfolio management to part-outs.

GOAL German Operating Aircraft Leasing GmbH & Co. KG

  • Shareholder: KGAL Group (60%) / Lufthansa Group (40%)
  • Founded in 1998
  • Exclusive asset manager of the KGAL Aviation funds
  • Currently more than 60 aircraft under management
  • Member of the Aircraft Fleet Recycling Association (AFRA)
  • Eight team members (technicians and aircraft engineers)
  • Supervisory Board with experts from the airline sector

Lufthansa Leasing GmbH

  • Shareholder: KGAL Group / Lufthansa Group
  • Founded in 1989
  • Structured financing for Lufthansa Group: focused on German leveraged leases in the past, and primarily cross-border leases for Lufthansa and Lufthansa Group companies since 2000
  • Transaction volume in excess of €15 billion for Lufthansa Group (since its foundation)
  • Supervisory Board with experts from the airline sector


The funds shown on the website of KGAL GmbH & Co. KG are exclusively for professional and semi-professional investors and not qualified for private investors.

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KGAL GmbH & Co. KG is a member of the German Property Federation (ZIA), one of the most important associations in this industry in Germany. It views itself as a strong voice for the real estate industry. It comprehensively collates and represents the interests of its members in terms of influencing public, political and administrative will. Find out more.

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