Engel & Völkers Capital AG

What Engel & Völkers Capital AG does

Engel & Völkers Capital AG is an independent real estate investment manager founded in 2009 and headquartered in Hamburg, Germany. Operating as a license partner of Engel & Völkers Residential GmbH, the firm structures and manages real estate debt investments for institutional investors, foundations, and family offices across the DACH region (Germany and Austria). Its core offerings comprise the EVC Mezzanine Fonds — a regulated Special-AIF under §284 KAGB managed by HANSAINVEST that provides mezzanine capital for residential, commercial, and logistics property developments — and the EVC Hypotheken Note, a tradable secured bond instrument backed by first-ranking German residential real estate exposures with LTVs capped at 60%. The firm complements these products with bespoke "Customizing von Immobilieninvestments" structuring services and a "Service on Demand" capability covering investment selection, transaction management, ongoing portfolio monitoring, workout scenarios, and transparent investor reporting.

The firm's business model generates revenue through three primary streams: management fees from the Special-AIF, arrangement and structuring fees for bespoke individual debt investments and club deals, and ongoing portfolio management and monitoring fees. Distribution is exclusively relationship-driven and B2B, with no consumer-facing channels. Deal flow and investor origination flow through the Engel & Völkers network of 200+ global locations, while regulatory distribution is anchored by a BaFin-licensed intermediary arrangement with NFS Netfonds Financial Service GmbH under §3 Abs. 2 WpIG. The firm also holds §34c GewO permissions covering property developer, construction supervisor, and loan broker activities.

Leadership comprises Tobias Barten (Vorstand), formerly Co-CEO of Engel & Völkers Digital Invest, and Dr. Ingo Rellermeier (Chairman of the Supervisory Board). The company is privately held with no disclosed external institutional or private equity backing. Its stated strategic intent is to expand the institutional investor and project developer network and extend into additional profitable financing markets beyond the current DACH core, positioning the firm for incremental rather than rapid scale expansion.

Name

Engel & Völkers Capital AG

Legal name

Engel & Völkers Capital AG

Website

https://evc-ag.de

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Engel & Völkers Capital AG is an independent Hamburg-based investment manager (founded 2009) that structures and manages real estate debt investments — including the regulated EVC Mezzanine Fonds and EVC Hypotheken Note — for institutional investors, foundations, and family offices in Germany and Austria.

Ownership category

akta.pro rank

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees (Special AIF): Management fees generated from the regulated EVC Mezzanine Fonds, a Special-AIF with fixed investment conditions pursuant to Section 284 KAGB, managed by HANSAINVEST. The fund generates surplus income from providing mezzanine capital for property projects in Germany and Austria, targeting Core and Core+ real estate developments.
2. Arrangement and Structuring Fees: Fees from customizing and structuring individual debt investments for institutional investors, foundations, and family offices. This includes club deals, bespoke financing structures, and individual investment proposals tailored to specific investment strategies, accounting, tax, and regulatory requirements.
3. EVC Hypotheken Note (Secured Bond Product): A tradable bond instrument providing institutional investors access to a diversified portfolio of first-ranking secured residential real estate exposures in Germany, with LTVs capped at 60%. The product generates predictable income streams over the investment lifetime from residential partial sale (Teilverkauf) proceeds.
4. Ongoing Portfolio Management and Monitoring: Fees from active risk management of existing real estate portfolios, including cash flow modeling, project phase controlling, collateral administration, and transparent investor reporting. This service supports capital providers throughout the investment lifecycle.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Engel & Völkers Capital AG is an independent investment manager that structures and distributes real estate debt investments and fund solutions to institutional investors, foundations, and family offices. Its core offerings include the EVC Mezzanine Fonds (a Special-AIF under Section 284 KAGB administered by HANSAINVEST), the EVC Hypotheken Note (a tradable secured bond over German residential property with capped 60% LTV), and customised individual debt investment structuring alongside ongoing portfolio monitoring services.

Product overview

Engel & Völkers Capital AG operates as an independent investment manager offering structured debt investment solutions primarily for institutional investors, foundations, and family offices. The product portfolio comprises two core fund/note products (EVC Mezzanine Fonds and EVC Hypotheken Note) that provide access to real estate and infrastructure financing in Germany and Austria, complemented by customization services for individual property investments and on-demand services covering the full investment lifecycle from selection through monitoring.

Differentiator

Problem solved

Functional benefit

Products and services

• EVC Mezzanine Fonds

Quantifiable outcome

• EVC Hypotheken Note offers first-ranking security with LTV capped at 60%, providing a structured risk-optimized investment with predictable income streams
• +1 more outcomes

Segments4 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 core.

• HANSAINVEST Hanseatische Investment GmbHcoreImplementation/ SI/ Consulting PartnerHANSAINVEST serves as the fund administrator (Kapitalverwaltungsgesellschaft, KVG) for the EVC Mezzanine Fonds, a Special-AIF with fixed investment conditions pursuant to Section 284 KAGB. HANSAINVEST manages the fund in compliance with German investment regulations and handles investor reporting, regulatory filings, and fund administration duties on behalf of EVC.
• Engel & Völkers Residential GmbHcoreStrategic or Co-development PartnerEngel & Völkers Capital AG operates as a licence partner of Engel & Völkers Residential GmbH, leveraging the globally recognised Engel & Völkers brand and its network of 200+ worldwide locations. This partnership provides EVC with brand credibility, a global referral ecosystem for both investors and project developers, and access to an established network of property market intelligence.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Real I.S. AG: German fund manager (Bayerische Versorgungskammer group) offering real estate special AIFs and bespoke institutional mandates. Directly comparable as a regulated German AIF operator with institutional LP relationships.
• Deutsche Finance Group: Munich-based independent investment manager focused on structuring real estate and infrastructure investments for institutional and private qualified investors. Comparable to EVC in targeting bespoke club deals and fund solutions in the German-speaking market.
• KanAm Grund Kapitalanlagegesellschaft: Frankfurt-based real estate fund manager running regulated Spezial-AIFs and open-ended funds for institutional and private investors. Comparable regulatory vehicle structure and German institutional focus.
• Catella Real Estate AG: European real estate investment manager with German operations offering bespoke investment solutions and club deals for institutional investors. Overlaps with EVC's customising service and cross-border origination capabilities.
• BEOS Real Estate GmbH: Berlin-based real estate investment manager specializing in core/core+ and value-add real estate funds for institutional investors in Germany. Comparable fund management focus and institutional client base to EVC's Mezzanine Fonds.

Broad incumbents

• PATRIZIA SE: Large publicly listed German real estate investment manager with broad European mandate covering debt, equity, and fund management for institutional investors. A scaled incumbent competing for similar LP relationships, though with broader product breadth than EVC.
• Deka Immobilien Investment GmbH: German institutional real estate investment manager (DekaBank group) with large open-ended and special real estate fund platforms. Established incumbent in the institutional real estate market EVC serves.
• Union Investment Real Estate: Major German institutional real estate investment manager (part of DZ Bank group) running open-ended and special real estate funds. Larger competitor addressing the same institutional LP base across Europe.
• Corestate Capital Holding S.A. European real estate investment manager with German heritage offering debt, equity, and fund products for institutional and private clients. Overlaps with EVC in real estate debt origination and club deals in the DACH region.

Others

• HANSAINVEST Hanseatische Investment GmbH: German KVG (Kapitalverwaltungsgesellschaft) acting as regulated fund administrator for numerous special AIFs including EVC's own Mezzanine Fonds. Functions as both a service partner and a comparable regulated vehicle operator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/engel-v%C3%B6lkers-capital-ag

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments5 records

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

Frequently asked questions about Engel & Völkers Capital AG