Lemanik Group

What Lemanik Group does

Lemanik Group is an independent, multi-jurisdictional asset and wealth management platform founded in 1971 and headquartered in Lugano, Switzerland. The group operates through three principal regulated entities: Lemanik Asset Management SA in Luxembourg (AIFM and UCITS licensed management company and host of the Lemanik Sicav umbrella fund), Lemanik Invest SA in Switzerland (portfolio management with approximately CHF 2 billion in assets under management), and Lemanik SIM S.p.A. in Milan (founded 2023, authorized for cross-border distribution in Italy, Spain, France, Germany, Austria, and Sweden). A Hong Kong representative office supports Asia-Pacific distribution, and Middle East relationships extend the group's reach into additional institutional channels.

The group's core products are multi-asset and thematic mutual funds offered through the Lemanik Sicav Luxembourg vehicle, discretionary wealth management mandates for high-net-worth and qualified investors, and management company (manco) services provided to third-party fund managers on the Luxembourg platform. Investment processes are led by senior portfolio managers including CIO Andrea Scauri (joined 2019) and rely on the proprietary DOMOS control and reporting system rather than disclosed quantitative or AI-driven models. Fund ranges have been progressively repositioned, including a February 2023 reclassification of multiple Sicav sub-funds under SFDR Article 8 to align with European ESG distribution requirements.

Lemanik's revenue model is built on recurring AUM-linked management fees, supplemented by performance fees on selected mandates and fixed fees from third-party manco and distribution services. Customer segments include qualified and institutional investors, high-net-worth individuals, and third-party fund managers using the Luxembourg platform. Following the March 2025 acquisition of Lemanik Asset Management SA by Blackfin Financial Services, the group is positioned for further inorganic and organic scaling across its European and Asian footprint.

Name

Lemanik Group

Legal name

LEMANIK GROUP

Website

https://lemanikgroup.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

Lemanik Group is an independent Swiss-headquartered asset and wealth management platform founded in 1971, operating through regulated entities in Switzerland, Luxembourg, and Italy to serve institutional, qualified, and high-net-worth investors with Sicav funds, discretionary mandates, and third-party management company services.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Private Banking & UHNW Wealth Advisory (FSAEABAC), Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)

Keywords

• Asset management services
• Investment fund management
• Wealth management solutions
• Fund administration services
• Portfolio management services

Headquarters

HQ city

Lugano

HQ country

Switzerland

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Lemanik Group generates revenue primarily through management fees charged on assets under management across its fund vehicles (Lemanik Sicav, third-party funds). Fee structures include a 1% management fee on certain funds (e.g., Global Strategy Fund). Revenue is recurring as it is based on a percentage of AUM.
2. Third-party Management Company Services: Lemanik Asset Management SA, as a third-party management company with both AIFM and UCITS licenses, provides management company services to third-party fund vehicles, generating fees for fund administration, risk management, and compliance services.
3. Wealth Management Mandates: Lemanik provides discretionary portfolio management mandates to private clients, generating fees through its tailor-made investment solutions, structured products, and portfolio construction services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Lemanik Group is an independent asset management group providing active investment management, wealth management, and third-party management company services through Luxembourg-domiciled UCITS and AIF fund vehicles (Lemanik Sicav). The group manages equity, fixed income, global macro, multi-asset, and liquid alternative strategies via autonomous portfolio managers, and acts as a licensed AIFM/UCITS management company for third-party fund managers.

Product overview

Lemanik Group is an independent asset management group operating since 1971, offering a comprehensive suite of investment products and services through a multi-entity structure. The core investment vehicle is Lemanik Sicav, a Luxembourg variable capital investment company managing multiple fund strategies including equity (Lemanik High Growth, Lemanik Global Equity Opportunities, Lemanik Asian Opportunity), fixed income (Lemanik Global Strategy Fund), and alternative credit (Lemanik Active Short Term Credit). The Group operates through three main entities: Lemanik Asset Management SA (Luxembourg management company with AIFM and UCITS licenses), Lemanik Invest SA (Swiss investment boutique managing approximately CHF 2 billion), and Lemanik SIM S.p.A (Italian investment firm for EU distribution). Additional services include wealth management with discretionary mandates, the Lemanik Connect digital platform for fund administration, and active investment management with niche strategies. The organization distributes funds across Europe, US, Asia-Pacific, and Middle East markets.

Differentiator

Problem solved

Functional benefit

Brands

• Lemanik Sicav: Investment company with variable capital under Luxembourg law, managed by Lemanik Invest SA, based in Switzerland
• Lemanik Global Strategy Fund
• Lemanik Connect
• Lemanik High Growth Fund

Products and services

• Lemanik Sicav
• Lemanik Global Strategy Fund
• Lemanik Asian Opportunity
• Lemanik Global Equity Opportunities
• Lemanik High Growth
• Lemanik Active Short Term Credit
• Lemanik European Special Situation
• Wealth Management Services
• Investment Management
• Management Company Services
• Lemanik Connect

Quantifiable outcome

• Lemanik High Growth fund won Best Euro-Italy Equity Fund at 28° Premio Alto Rendimento (2026) and 27° Premio Alto Rendimento (2025) by Il Sole 24 Ore; also won Best Italian Equity Fund at Morningstar Italy Awards 2025
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Azimut Holding: Italian-listed independent asset management and wealth management group offering UCITS funds, discretionary mandates, and multi-jurisdictional distribution across Europe. Directly comparable to Lemanik in Italian retail/institutional fund distribution, asset gathering model, and active management positioning.
• Anima Holding: One of Italy's largest independent asset managers with multi-affiliate distribution and a wide range of managed funds including equities, fixed income, and multi-asset. Comparable to Lemanik in active management focus, Italian market presence, and breadth of UCITS products.
• GAM Holding: Swiss-listed independent asset manager offering active investment strategies across equities, fixed income, and alternatives with global institutional and intermediary distribution. Closely comparable to Lemanik's boutique model, multi-strategy active approach, and Swiss heritage.
• Vontobel Asset Management: Swiss asset and wealth manager offering multi-asset, fixed income, equity, and alternative strategies globally through intermediary and institutional channels. Comparable to Lemanik in European/Swiss active management positioning and product breadth.
• Mediolanum Gestione Fondi: Italian fund manager within Banca Mediolanum group, distributing managed products to Italian retail and institutional clients. Comparable to Lemanik's Italian distribution model and UCITS-focused product suite.

Regional players

• Arca Fondi SGR: Italian asset manager offering a range of mutual funds distributed primarily through Italian banking networks. Comparable to Lemanik in Italian-focused fund distribution and active equity/fixed income strategies.

Broad incumbents

• Pictet Group: Large Swiss private bank and asset manager offering wealth management, institutional asset management, and fund services across multiple strategies. Comparable to Lemanik in Swiss heritage and active multi-strategy capability, but significantly larger and broader in scope.
• Lombard Odier: Swiss private bank offering wealth management, asset management, and fund services including UCITS and alternative strategies. Comparable to Lemanik in Swiss independence, multi-jurisdictional fund management, and HNW/UHNW focus, but at substantially greater scale.
• Amundi: Europe's largest asset manager offering active and passive strategies, UCITS, ETFs, and wealth solutions across global distribution. Comparable to Lemanik in offering UCITS and active multi-asset funds, but vastly larger and the dominant European distribution competitor.

Others

• Blackfin Financial Services Group: European fund services platform that has been acquiring Luxembourg management companies; relevant because Blackfin acquired Lemanik Asset Management SA in March 2025. Closely tied to Lemanik's recent corporate structure and a potential consolidator in the European manco space.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries4 records

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 Lemanik Group