Herein, the first catalytical polymerization of 4vinyl-4′-methyl-2,2′-bipyridine (VBpy) via Lewis pair-mediated group-transfer polymerization using different combinations of Lewis acidic trialkyl aluminum compounds and Lewis basic phosphines is reported. In this context, a broad screening of different Lewis pairs is conducted, demonstrating the necessity of an adjustment of the steric and electronic properties of the Lewis pair to the demands of the monomer. Further, end-group analysis of short-chain oligomers via electrospray ionization mass spectrometry (ESI-MS) for the experimentally determined optimum combination Al(i-Bu) 3 /PMe 3 (Đ = 1.31−1.36, I.E. = 45−51%) reveals the presence of two initiation pathways via conjugate addition and deprotonation. The well-defined polymers are subsequently loaded in a two-step synthesis protocol with different ratios of Re(CO) 5 Cl and Ru(dmb) 2 Cl 2 , forming a photocatalytically active rhenium−ruthenium polymer complex with poly(vinyl bipyridine) as the macroligand. Catalyst loadings are characterized thoroughly by means of Ultraviolet−visible (UV−vis), photoluminescence (PL), and IR spectroscopy as well as inductively coupled plasma (ICP)-MS. Finally, a comparison of the photocatalytic CO 2 reduction performance of the polymeric catalysts in irradiation experiments is presented, revealing particularly high photostabilities and activities for PVBpy 5/95 (TON = 5650, TOF = 66 h −1 ). This is due to an efficient electron transfer of the Ru(II)-one-electron-reduced species (OERS) to the rhenium centers facilitated by the spatial proximity of both metals attached to the macromolecular ligand PVBpy.