Lennertz & Co.

What Lennertz & Co. does

Lennertz & Co. is an owner-managed Multi Family Office headquartered in Hamburg, Germany, founded in April 2015 by Philipp Lennertz. The firm operates through two principal entities: Lennertz & Co. Family Office GmbH, which provides holistic wealth advisory covering asset structuring, development and growth, succession planning, family governance, foundation advisory, and will execution for ultra-high-net-worth individuals and entrepreneurial families; and Lennertz & Co. Capital GmbH, a BaFin-licensed Capital Management Company (KVG) under § 20 KAGB that operates the firm's Alternative Investment Platform. Core clients include UHNW individuals, business-owning families, Single Family Offices, foundations, and institutional investors in the DACH region, broader Europe, and the US.

The Capital GmbH platform provides access to Private Markets through multiple structures: fund-of-funds (Dachfonds), SPVs (Einzelfonds), and direct investments, spanning Private Equity and Venture Capital in Europe and the US, Blockchain Venture globally, Impact Investing globally, Real Estate in the DACH region, and a recently launched Defense & Resilience Fund. US venture access is anchored by the 2020 acquisition of BPE Fund Investors, which had been investing in top US VC funds since 2002, providing relationships with managers such as Bain Capital Ventures, Canaan Partners, Khosla Ventures, Kleiner Perkins, NEA, and TCV.

Revenue is generated through three streams: recurring advisory and family office management fees on client assets under advisory, regulated fund management fees on Special AIFs managed by the KVG-licensed Capital GmbH, and performance fees and carried interest from direct and co-investment activities (e.g., the documented exits of Stein HGS to IK Partners and the Brillen.de investment). The firm operates with a relationship-based, sales-led go-to-market, leveraging advisory board connections (including former Siemens executives Heinrich von Pierer and Klaus Wucherer), client referrals, and institutional partnerships (notably a 2020 distribution partnership with Liqid). Pricing is not publicly disclosed and is negotiated individually for each client relationship.

Name

Lennertz & Co.

Legal name

Lennertz & Co. GmbH

Website

https://lennertz.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Lennertz & Co. is an owner-managed Multi Family Office based in Hamburg that serves ultra-high-net-worth individuals, entrepreneurial families, Single Family Offices, and foundations with holistic wealth advisory and a BaFin-licensed alternative investment platform spanning Private Equity, Venture Capital, Blockchain, Impact, Real Estate, and Defense funds across Europe and the US.

Ownership category

akta.pro rank

Product category

Multi Family Office and Wealth Management Services

NAICS

Trusts, Estates, and Agency Accounts (525920), Management of Companies and Enterprises (551), Management of Companies and Enterprises (55111)

SIC

Investment Advice (6282)

akta.pro primary industry

Family Wealth & Multi-Generational Planning RIAs (HNW/UHNW-lite) (FSAAACAH)

akta.pro secondary industries

Family Business & Succession Advisory (FSAAADAL), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Multi family office
• Wealth management services
• Private equity funds
• Venture capital funds
• Alternative investments platform

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Family Office Advisory Fees: Comprehensive wealth management services including asset structuring, development, and transition planning for high-net-worth families and entrepreneurial clients. Revenue derived from advisory fees and management arrangements.
2. Alternative Investment Platform Management: Managing closed-ended Special AIFs (Alternative Investment Funds) for semi-professional and professional investors. Lennertz & Co. Capital GmbH operates as a BaFin-licensed Capital Management Company (KVG) managing Private Equity, Venture Capital, Blockchain Venture, Impact, and Real Estate funds. Revenue from fund management fees and performance fees.
3. Direct and Co-Investment Facilitation: Facilitating direct investments and co-investments in private companies for family office clients, including Pre-IPO investments, direct PE investments in German/European Small and Midcaps, and portfolio company stakes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Lennertz & Co. is an owner-managed Multi Family Office that delivers holistic wealth management services to entrepreneurial families and ultra-high-net-worth individuals, spanning asset structuring, development, and intergenerational transition. Through its BaFin-licensed subsidiary Lennertz & Co. Capital GmbH, the firm operates an Alternative Investment Platform offering fund-of-funds, SPVs, and direct investments across Private Equity, Venture Capital, Blockchain Venture, Impact Investing, and Real Estate in Europe, the USA, and globally.

Product overview

Lennertz & Co. operates as a dual-structure platform comprising the Lennertz & Co. Family Office (holistic wealth advisory) and the Lennertz & Co. Capital GmbH alternative investment platform. The platform provides access to Private Markets including Private Equity, Venture Capital, Blockchain Venture, Impact Investing, and Real Estate across Europe, USA, and globally. Investment access is available through fund-of-funds structures (Dachfonds), SPV structures (Einzelfonds), and direct investments. The firm also produces proprietary research whitepapers on thematic investment opportunities such as AI and Defense sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Lennertz & Co. Capital GmbH: Alternative investment platform offering Private Equity, Venture Capital, Blockchain Venture, Impact Investing, and Real Estate fund products

Products and services

• Lennertz & Co. Family Office (Holistic Wealth Advisory) Comprehensive Multi Family Office advisory services for ultra-high-net-worth individuals, entrepreneurial families, single family offices, foundations, and institutional investors, covering asset structuring, asset development and growth, succession planning, family governance, foundation advisory, and will execution.
• Lennertz & Co. Capital GmbH Alternative Investment Platform BaFin-licensed Capital Management Company (KVG) platform providing access to Private Markets through fund-of-funds (Dachfonds), SPVs (Einzelfonds), and direct investments, with managed accounts and advanced reporting. Licensed under § 20 (1) in conjunction with § 22 KAGB to manage closed-ended Special AIFs.
• Private Equity (Europe and USA) Private Equity investment opportunities in European and US markets, accessible through fund-of-funds structures, SPVs, and direct investments in German and European Small and Midcap firms.
• Venture Capital (Europe and USA) Venture Capital investment opportunities across Europe and the USA, with access to top-tier US VC funds (including Bain Capital Ventures, Canaan, Khosla Ventures, Kleiner Perkins, NEA, TCV through the BPE Fund Investors acquisition) and European early-stage and growth capital investments.
• Blockchain Venture (Global) Global blockchain-focused venture investments through dedicated fund-of-funds structures, providing exposure to Web 3.0 infrastructure companies across Europe and the USA. Successive Blockchain funds launched with the third fund targeting EUR 150 million in volume.
• Impact Investing (Global) Global impact investment opportunities in sustainable and socially responsible projects and companies, accessible through the alternative investment platform.
• Real Estate (DACH Region) Luxury real estate development investments in the DACH region, including Alpine property projects with exclusive design partnerships.
• Defense & Resilience Fund I Investment fund targeting innovative technologies in AI-enhanced Command & Control, Cybersecurity, critical infrastructure, military modernization, and rocket/space technology. Target investors include family office clients, single family offices, UHNWIs, and institutional investors. Combines direct and co-investments with specialized PE/VC funds.
• Pre-IPO Investments Direct investment opportunities in companies expected to go public within 3-4 years, offering early access to value appreciation before public listing. Facilitated through Lennertz & Co. Capital GmbH.

Quantifiable outcome

• Portfolio valuation of 1.45x with gross IRR of approximately 55% achieved in 3 years for US Venture Fund I (invested in Airbnb, Coursera, Instagram, Netflix through target funds)
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Network Corporate FinanceminorImplementation/ SI/ Consulting Partner · 1 January 2022Served as financial advisor to FCF Holding GmbH (EatHappy) during the transaction where Lennertz & Co. invested as a new shareholder through a capital increase.
• LiqidminorGTM or Marketing Partner · 1 July 2020Digital wealth manager Liqid partnered with Lennertz & Co. to offer their clients access to US Venture Capital funds through a fund-of-funds structure. Liqid handles distribution to their private client base while Lennertz & Co. provides investment management expertise and access to top VC fund managers.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HQ Trust: Munich-based independent Multi Family Office serving UHNWIs and entrepreneurial families across Germany. Highly comparable to Lennertz & Co. in target client segment, owner-managed independence model, holistic advisory offering and emphasis on alternative investments.
• SMIT Vermögensverwaltung: Hamburg-headquartered independent Multi Family Office with a similar focus on wealthy entrepreneurial families, total-return wealth advisory and alternative investments. Direct geographic and business-model peer to Lennertz & Co.
• Stonehage Fleming: International Multi Family Office serving UHNW families across UK, Europe, Southern Africa and beyond. Closely comparable in terms of independent, owner-influenced governance, holistic family office offering and cross-border private markets access.
• Sandaire: London-based independent Multi Family Office offering holistic wealth advisory, investment management and family governance services to UHNW families. Comparable in independent ownership, full-service MFO scope and cross-border European footprint.
• Decisive Wealth Management: Independent German Multi Family Office focused on entrepreneurial families and high-net-worth individuals with comprehensive advisory and alternative investment services. Directly comparable in target segment and independent ownership model.

Broad incumbents

• Bethmann Bank (ABN AMRO): Frankfurt-based private bank and Multi Family Office within ABN AMRO, serving UHNW clients in Germany with broad wealth advisory, investment and lending capabilities. Comparable end-customer segment but much larger institutional footprint and broader product set.
• UBS Wealth Management: Global wealth manager with one of the world's largest UHNW / Family Office servicing franchises. Competes for the same DACH entrepreneur and UHNWI clients that Lennertz & Co. serves, but operates at vastly greater scale with a broader investment banking, lending and product platform.
• Feri (MLP Group): German wealth manager and Multi Family Office operation (formerly MLP / Feri family), providing UHNW advisory and investment management to private clients and families. Overlaps with Lennertz & Co.'s DACH UHNW segment but with a more institutional product breadth.

Emerging players

• Liqid: Berlin-based digital wealth manager offering semi-liquid private markets exposure to affluent and HNW clients via fund structures. Already a distribution partner of Lennertz & Co. and an adjacent emerging competitor for digital-first UHNW access to alternatives.
• BlueBarn Wealth Advisors: European independent wealth advisor and Multi Family Office serving UHNW families with a focus on alternative investments and cross-border wealth structuring. Comparable segment focus though at an earlier stage of platform development than Lennertz & Co.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lennertz-co

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lennertz & Co.