Kempen Capital Management

What Kempen Capital Management does

Van Lanschot Kempen is an independent wealth manager founded in 1737, headquartered in 's-Hertogenbosch, Netherlands, and listed on Euronext Amsterdam (ticker: VLK). The firm operates across four business lines — Private Banking, Professional Solutions, Investment Management, and Investment Banking — through 42 offices in 6 countries (Netherlands, Belgium, Switzerland, UK, France, US), supported by ~2,300 employees of whom approximately 70% are shareholders. As of end-2025 the firm reported €180 billion in client assets, including €70+ billion under fiduciary management, and maintains an 18.2% capital ratio.

The firm serves high-net-worth individuals, entrepreneurs, healthcare professionals, executives, and business professionals on the private banking side; family offices, foundations, and independent asset managers on the Professional Solutions side; Dutch and European pension funds alongside institutional investors on the fiduciary management side; and European corporates on the investment banking side. Distribution is relationship-led through dedicated private bankers, complemented by proprietary digital platforms (Mijn Private Bank, Investment Management Portal, Van Lanschot Kempen Research) and the Evi online investment coach for self-directed investors. Specialized investment banking coverage spans European Real Estate, Infrastructure & Renewables, Technology, and Life Sciences & Healthcare.

Revenue is generated primarily through recurring management fees on assets under management and fiduciary mandates, supplemented by transaction-based fees from M&A advisory, debt advisory, equity capital markets, and equities research and trading. The go-to-market is sales-led across both private banking (42 office footprint, personalized advice) and institutional channels (dedicated Client Management and Business Development teams in NL, UK, and Western Europe). Selected brand assets include the Vermogensregie wealth-management framework and broad employee ownership culture.

Name

Kempen Capital Management

Legal name

Van Lanschot Kempen NV

Website

https://vanlanschotkempen.com

Company type

Public

Founded year

1737

Operating status

Operating

Short description

Van Lanschot Kempen is an independent Dutch wealth manager (founded 1737, Euronext: VLK) operating Private Banking, Professional Solutions, Investment Management, and Investment Banking across 6 countries with €180 billion in client assets.

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industries

Corporate Finance & Capital Advisory (BPAHADAB), Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Insurance General Accounts (Institutional Asset Owners) (FSAAAGAG)

Keywords

• Fiduciary management
• Institutional asset management
• Alternative investment solutions
• Pension fund management
• Active investment strategies

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Private Banking: Private banking services including wealth management, investment advisory, mortgages, and financing for high-net-worth individuals. Revenue generated through management fees, transaction fees, and interest income on lending products.
2. Investment Management: Fiduciary management and actively managed investment strategies for pension funds and institutional investors. Manages over €70 billion under fiduciary management globally. Revenue through management fees based on assets under management.
3. Investment Banking: Advisory services in mergers and acquisitions, debt advisory, equity capital markets, and equities research and trading. Revenue generated through advisory fees, underwriting fees, and trading commissions on transactions.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Kempen Capital Management is the institutional investment management business of Van Lanschot Kempen, delivering fiduciary management, high-conviction actively managed investment strategies (small-cap European equities, credit, and sustainable/impact mandates) and Alternative Investment Solutions consulting. The division serves pension funds, insurance companies, family offices, foundations and other professional investors, supported by dedicated client relationship and business development teams across the Netherlands, UK, France, Belgium, Switzerland and the US.

Product overview

Van Lanschot Kempen operates as an independent wealth manager offering a comprehensive suite of services through four core business lines: Private Banking (personal wealth management with dedicated private bankers), Professional Solutions (institutional services for family offices, foundations, and independent asset managers), Investment Management (fiduciary management and actively managed investment strategies), and Investment Banking (M&A advisory, equities research, and trading). The company provides digital platforms including Mijn Private Bank, Investment Management Portal, and Van Lanschot Kempen Research for client access. Specialized services target specific client segments including healthcare professionals, executives, business professionals, and entrepreneurs. The Investment Management division offers Alternative Investment Solutions (AIS), Outsourced CIO (OCIO), and Fiduciary Management services for institutional investors. Evi provides online investment coaching for individual investors. The firm has operations in the Netherlands, Belgium, Switzerland, United Kingdom, France, and the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Fiduciary Management Full-service investment management outsourcing covering investment policy formulation, strategic asset allocation, portfolio management and reporting for pension funds. Manages over €70 billion globally for pension fund clients and is structured around regulatory compliance including the Future Pensions Act.
• Outsourced Chief Investment Officer (OCIO) Institutional investment management approach outsourced to Van Lanschot Kempen, providing customized investment solutions with comprehensive reporting for high-net-worth families and foundations via the Professional Solutions division.
• Alternative Investment Solutions (AIS) Consultancy service for institutional investors providing access to alternative assets including private markets, impact investing, real assets and private equity through diligence and manager selection support, with a dedicated Head of International Business Development.
• High-conviction Active Investment Strategies High-conviction, actively managed investment strategies covering equities, credit and sustainable/impact mandates for institutional investors. Managed by sector-specialist teams in Amsterdam, London and Paris for pension funds and other institutional asset owners.
• Investment Management Portal Proprietary digital platform for institutional investment management clients providing access to portfolio information, reports and investment tools, supporting the division's fiduciary and segregated mandate clients.

Quantifiable outcome

• €159 billion in client assets managed as of December 2025
• +3 more outcomes

Named customers5 records

Segments10 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• European Payments InitiativeminorOthers · 23 June 2026Van Lanschot Kempen became a principal member of the European Payments Initiative, joining a European payments ecosystem aimed at creating a unified payment solution across Europe.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• ING Group (ING Private Banking): Major Dutch-headquartered bank with a dedicated Private Banking business focused on HNW individuals in the Netherlands, Belgium, and other European markets. Competes directly with VLK for Dutch and Belgian HNW clients, advisory portfolio management, and mortgage products.
• Rabobank Private Banking: Dutch cooperative bank with a private banking and wealth management franchise serving HNW clients in the Netherlands. Strong competitor in the same Dutch HNW market, with comparable wealth advisory, mortgage, and family wealth services.
• ABN AMRO: Dutch universal bank with a sizeable Private Banking and Wealth Management franchise serving HNW clients in the Netherlands and Northwest Europe. Directly comparable to VLK's Private Banking division on customer base, geography, and wealth management offering.
• Lombard Odier: Swiss private bank offering HNW wealth management, investment management, and advisory services across Europe, Asia, and the Middle East. Closely comparable to VLK on independent ownership, advisory-led model, and integrated private banking/investment management offering.
• Julius Baer: Swiss pure-play wealth manager focused on HNW/UHNW advisory and discretionary portfolio management globally. Comparable to VLK's Private Banking franchise on client type and advisory-led model, with a stronger international footprint.
• BNP Paribas Wealth Management: European universal bank with a leading Wealth Management division serving HNW/UHNW clients across Europe, including the Netherlands and Belgium. Comparable on product breadth (advisory, discretionary, lending), institutional investment management, and cross-border private banking footprint.
• Indosuez Wealth Management (Crédit Agricole): European wealth manager owned by Crédit Agricole, serving HNW/UHNW clients across Europe, Asia, and the Middle East. Comparable on private banking product set, European footprint, and institutional investment management capabilities.
• Pictet Group: Swiss private bank and asset manager serving HNW individuals, families, and institutional clients. Comparable to VLK on independent private ownership, wealth management, and asset management capabilities for European HNW and institutional segments.

Broad incumbents

• Deutsche Bank Wealth Management: Global universal bank with a Wealth Management division serving HNW and UHNW clients across Europe. Overlaps with VLK on private banking, discretionary portfolio management, and capital markets services, but operates as a much broader, diversified institution.
• UBS Wealth Management: World's largest wealth manager offering private banking, investment management, and investment banking services globally. Overlaps with VLK on HNW/UHNW advisory, fiduciary management, and capital markets advisory, but at significantly greater scale and global reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/vanlanschotkempen

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Kempen Capital Management