Commerz Real Kapitalverwaltungsgesellschaft mbH (KVG) Commerz Real KVG is a wholly-owned subsidiary of Commerz Real.Founded in 2013 and headquartered in Düsseldorf, the company is responsible for the launch, distribution and management of alternative investment funds (AIFs) within the Commerz Real Group in accordance with the German Capital Investment Code. The portfolio of Commerz Real KVG-gesellschaft includes open-ended and closed-end special AIFs in the asset classes real estate (micro-apartment complexes, hotels), renewable energies and infrastructure for (semi) professional investors.