The German government does not currently have a sovereign wealth fund or an asset
Following German reunification, the federal government had set up a
public agency to manage the privatization of assets held by the former East Germany. In 2000,
the agency, known as TLG Immobilien, underwent a strategic reorientation from a privatization-
focused agency to a profit-focused active portfolio manager of commercial and residential
In 2012, the federal government sold TLG Immobilien to private investors.