Hamburg-Headquartered Family Office Wins Capital Management Licence

Editorial Staff

22 July 2024

Owner-managed family office , headquartered in Hamburg (pictured), has been granted a licence to operate as a capital management company by German regulators.

The licence has been issued by the German Federal Financial Supervisory Authority, aka BaFin. In future, Lennertz & Co Capital GmbH will combine its business operations with alternative investments.

"With the full licence, we are doing justice to the development of our in-house alternative investment platform and paving the way for further strategic growth," founder and managing partner Philipp Lennertz said.

"We remain true to our core business of providing our family office clients and other single-family offices, foundations and pension funds with access to the best fund managers in private equity, venture capital and blockchain venture in Europe and the USA."

Private equity and venture capital are important parts of the group’s business. Lennertz & Co Capital GmbH is its alternative investments platform. It bought BPE Fund Investors in 2020. Lennertz & Co Capital GmbH is structured as a capital management company, operating under regulatory licences.

Appointment
The organisation has appointed Christian Piper to the management board of Lennertz & Co Capital GmbH. Its supervisory board also consists of Prof Dr Klaus Trützschler (chairman); Prof Dr Klaus Wucherer (former board member at Siemens, SB Infineon, and SAP) and Prof Dr Heinrich von Pierer (former CEO Siemens, SB Deutsche Bank and Berenberg Bank).

Piper, who joined Lennertz & Co in November 2023, will be responsible for risk management and all regulatory matters relating to the platform in his future role.