Millions Lost from Fund: KVBW Sues Real Estate Fund Provider Over Losses

The Kassenärztliche Vereinigung Baden-Württemberg (KVBW) anticipates multi-million euro losses from its investments in the real estate fund managed by the Swiss company Verius. A spokesperson confirmed that the affected funds are from the KVBW's own administrative budget, not patient contributions or insurance premiums.

Between 2019 and 2022, KVBW invested funds from its administrative budget into the Verius real estate fund. Trading on the fund was halted in December 2022. By 2025, it became increasingly clear that the investment was likely to result in substantial losses, according to the spokesperson.

KVBW, along with other investors, filed a lawsuit at the Frankfurt Regional Court in late 2025. They are seeking damages, alleging that investors were deliberately misled about the safety and regulatory approval of these investments. The lawsuit aims to recover at least a portion of the losses.

During a period of negative interest rates, the investment offered a guaranteed return of 1.25 percent. The admissibility of these investments was reportedly confirmed by two auditing firms prior to the purchase. Subsequent external audits and internal reviews by KVBW found no irregularities.