Job Description

Investment Associate Real Assets (m/f/d)

Location: Munich

Shape resilient real assets portfolios with long term impact and relevance
As Investment Associate Real Assets at Viessmann Generations Group, you will support the development and active management of a diversified Generational Portfolio across real estate, forestry, and regenerative agriculture. This role is ideal for an analytical all rounder who combines financial rigour with strategic thinking. You will contribute to acquisitions, analyse asset performance, and help drive value creation over the long term.

This is a unique opportunity to apply hands-on investment experience within a purpose driven platform that makes long term cross generational commitments across real assets and beyond.

Viessmann Generations Group

As a globally active, independent family business in its fourth generation, we have been shaping living spaces for generations to come since 1917. Under the leadership of Max Viessmann, we pursue our mission with a long-term perspective and entrepreneurial spirit.

Today, the Viessmann Generations Group supports over 30 mid-sized companies and family businesses across Europe and the US as well as a broad real assets portfolio – all united by their active contribution to the energy transition. We invest capital, expertise, and passion in three core impact areas:

• Climate Renewable energy, carbon reduction, and green infrastructure

• Water Solutions for water scarcity, quality, and efficiency

• Food Sustainable agriculture, supply chain innovation, and food technology

Our goal: to create impact – ecological, societal, and entrepreneurial.

The Viessmann Way supports how we work, lead, and create value together - whether as a team member, entrepreneur or partner in our ecosystem. It is not a rulebook, but a compass: a living set of principles shaped by over a century of entrepreneurship and guided by our long-term purpose.

Generational Portfolio

Through Generational Investments, we pursue long-term, cross-generational commitments in real estate, forestry, regenerative agriculture, and renewable energy. These assets directly advance our purpose: co-creating living spheres for generations to come.

We act as both investor and steward, combining financial return with ecological and societal benefit. Our real estate projects prioritise energy efficiency, community well-being, and the responsible use of resources. In forestry, we invest in sustainably managed forests that sequester carbon, protect biodiversity, and contribute to ecological balance. In agriculture, we support regenerative practices that restore soil health, enhance biodiversity, and strengthen resilient food systems.

This role sits at the heart of that mission, contributing to the stewardship and growth of Viessmann’s long-term asset base with impact and intention.

The Opportunity

You will play a key role in shaping Viessmann Generations Group’s long-term Generational Investments strategy. This role combines analytical depth with hands-on exposure across real estate, forestry, and regenerative agriculture – all core pillars of our Generational Portfolio.

Working closely with senior investment professionals, you’ll support the full investment lifecycle – from deal analysis and due diligence to portfolio steering and performance optimisation. This is a high-learning, high-impact opportunity within one of Europe’s most values-driven, multi-generational investment platforms committed to co-creating living spheres for generations to come.

Key Challenges & Responsibilities

You’ll work across the full Real Assets investment cycle, with a focus on analytics, financial modelling, and performance insights across Real Estate, Forestry, and Agriculture. Your core tasks will include:

• Supporting acquisitions through market research, investment theses, financial models, and due diligence

• Analysing existing and new assets with a focus on valuation, returns, and risk profiles

• Investment Controlling including performance KPIs to support decision-making and reporting

• Collaborating with internal teams and portfolio companies to drive asset performance

• Preparing presentations for C-level, committees, and governance bodies

• Helping to improve investment tools, processes, and reporting standards
  

You’ll join a collaborative and entrepreneurial investment team, gaining exposure to senior-level discussions, portfolio strategy, and hands-on execution.

What You Bring

• 3–4 years of relevant professional experience in real asset investment management, asset management, private equity, or related fields, with a strong focus on managing and developing existing portfolios

• Hands-on experience in at least one of the following asset classes is required: Real Estate, Forestry, or Agriculture

• Proven exposure to active portfolio management, performance monitoring, business plan reviews, and value creation initiatives across existing investments

• Strong academic background in Business, Finance, or Economics, paired with robust financial modelling, KPI analysis, and controlling skills

• Solid understanding of asset allocation, risk-return dynamics, and performance measurement frameworks within real assets

• Ability to translate complex operational and financial insights into clear recommendations for senior stakeholders; fluency in English required, German preferred

• Analytical, structured, and entrepreneurial mindset with strong ownership, resilience, and collaborative spirit

Why Join Us

This is more than an investment role. It is an opportunity to grow within a purpose driven family enterprise that combines long term vision with entrepreneurial action. At Viessmann Generations Group, you will join a mission led platform that supports entrepreneurs solving critical challenges in climate, water, and food and co creates living spheres for generations to come.

You will work alongside experienced investors and operators in a collaborative environment that values ownership, curiosity, and impact. We offer meaningful exposure, responsibility from day one, and the chance to help shape sustainable businesses with long term cross generational relevance.

Feel free to reach out directly or send your application to ext.klpi@viessmann.com