MASTERINVEST Kapitalanlage

What MASTERINVEST Kapitalanlage does

MASTERINVEST Kapitalanlage GmbH is an Austrian Master-KVG (Master Capital Management Company) headquartered in Vienna, founded in 1985, that provides independent fund administration, risk management, and regulatory reporting services. The company administers Publikumsfonds (public UCITS funds), Spezialfonds (institutional special funds), and White-Label/Private-Label funds on behalf of institutional investors, asset managers, fund initiators, pension funds, corporate welfare funds (betriebliche Vorsorgekassen), and insurance companies, with distribution registrations across eight European countries plus Switzerland. Its core technology stack comprises the proprietary XENTIS fund administration system for NAV calculation and regulatory reporting, the PowerPortal digital reporting platform offering 360-degree portfolio views, and the MyMASTERINVEST client portal for special fund investors, all operating within a DORA-compliant infrastructure with contractual uptime guarantees.

The firm operates under AIFM and InvFG 2011 licenses, was the first Austrian KAG to implement the European KAG/Depotbank model, and holds both AIFM concession and FMA supervision. Ownership is distributed among four Austrian/German financial institutions (Hypo Vorarlberg 37.5%, Kathrein Privatbank 37.5%, Hypo Tirol Bank 12.5%, Universal-Investment 12.5%), giving it structural independence from any controlling financial conglomerate. The business model is asset-based: revenue is generated through recurring administration fees tied to assets under administration (€9.5 billion as of 2020), risk management subscriptions, regulatory reporting professional services, and managed-service fees for white-label fund structuring. Two custodian banks (Hypo Vorarlberg and Erste Group Bank, connected since 2024) give special fund clients a choice, and over 300 brokers provide execution access. Customer logos include Kathrein Capital Management, Hypo Tirol Bank, Hypo Vorarlberg Bank, and fair-finance Vorsorgekasse, and the firm ranked #1 in Austria for volume growth in the MASTER-KAG segment in 2018.

Name

MASTERINVEST Kapitalanlage

Legal name

MASTERINVEST Kapitalanlage GmbH

Website

https://masterinvest.at

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

MASTERINVEST Kapitalanlage is an Austrian independent Master-KVG providing fund administration, risk management, and regulatory reporting for public UCITS funds, special funds, and white-label fund vehicles serving institutional investors, asset managers, and pension/insurance funds across Europe.

Ownership category

akta.pro rank

Product category

Investment Fund Administration

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Regulatory Change, Governance & Compliance Management (GRC) (FSACAJAK)

akta.pro secondary industry

ESG Reporting, Disclosure & Regulatory Compliance (SFDR, EU Taxonomy, TCFD/ISSB) (FSAAALAK)

Keywords

• Fund administration services
• Master KVG services
• Investment fund management
• Private label funds
• Asset management

Headquarters

HQ city

Gerasdorf Bei Wien

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Fund Administration Fees: Fees charged for administration of investment funds (both public funds and special funds), including NAV calculation, regulatory reporting, and custody oversight. Revenue is based on assets under administration, providing recurring income tied to fund volumes.
2. Risk Management Services: Fees for independent risk management services including daily multi-level risk monitoring, investment limit checking, VaR limit monitoring, portfolio stress tests, and regulatory reporting (e.g., BMSVG, SFDR). Can be delivered as standalone insourcing solutions to institutions.
3. Regulatory Reporting: Regulatory report preparation for institutional investors including pension funds, corporate welfare funds, and insurance companies. Full cost transparency especially in the area of fees and transaction costs.
4. White-Label / Private-Label Fund Services: Full-service platform for fund initiators and asset managers to launch private-label funds in Austria, including legal and technical product know-how, fund administration, client reporting, and distribution approvals across multiple European countries.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

MASTERINVEST Kapitalanlage GmbH is an Austrian Master Capital Management Company (Master-KVG) that provides comprehensive investment fund administration services including portfolio management, risk management, regulatory reporting, and compliance services. The company offers both Publikumsfonds (public/retail funds) and Spezialfonds (special/institutional funds), along with white-label and private-label fund solutions, ESG-focused investment products, and digital investor platforms serving banks, asset managers, institutional investors, and retail investors across Austria and the European Union.

Product overview

MASTERINVEST operates as a Master-KVG (Master Capital Management Company) providing a unified platform for investment fund administration and management. The core offering centers on the PowerPortal digital reporting system combined with MyMASTERINVEST customer portal, supported by fund administration, risk management, and regulatory reporting services. Fund products include Publikumsfonds (public UCITS funds), Spezialfonds (institutional special funds), and White-Label/Private-Label funds. Self-service tools comprise the Fonds-Selektor (fund selector) and Fondsvergleich (fund comparison) platforms. ESG-focused products are offered as a sub-brand. Additional services include custodian management via partner banks (Hypo Vorarlberg, Erste Bank), collateral management, transition management, and tax services for special funds. The company generates revenue through management fees, administration fees, and transaction-based charges.

Differentiator

Problem solved

Functional benefit

Brands

• PowerPortal: Digital fund reporting system with 360-degree view providing standard reports, instant analyses and detailed evaluations.
• MyMASTERINVEST

Products and services

• Publikumsfonds (Public Funds)

Quantifiable outcome

• 9.5 Mrd. EUR administered fund volume in 2020
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Hypo Vorarlberg Bank AGcoreTechnology or IntegrationHypo Vorarlberg Bank AG serves as one of two custodian banks (Verwahrstelle) connected to MASTERINVEST's fund administration platform. It is also a co-owner with a 37.5% equity stake in MASTERINVEST. Special fund customers can choose Hypo Vorarlberg as their custodian bank. The bank also provides a Best Execution Policy for trading.
• Erste Group Bank AGcoreTechnology or IntegrationErste Group Bank is the second custodian bank (Verwahrstelle) operatively connected to MASTERINVEST since 2024. Special fund customers can choose between Erste Group Bank or Hypo Vorarlberg as their custodian bank, demonstrating MASTERINVEST's independence model.
• Glass LewiscoreTechnology or IntegrationSince June 2022, MASTERINVEST outsources its shareholder voting (Stimmrechtsabgabe) to Glass Lewis. Glass Lewis provides country-specific voting guidelines and an ESG Policy that are applied to all MASTERINVEST investment funds. Voting behavior is published annually. In 2025, votes were cast at 1,124 general meetings.
• Universal-Investment GmbHminorChannel Partner/ Reseller/ DistributorThrough partnership with Universal-Investment GmbH (12.5% co-owner of MASTERINVEST), MASTERINVEST provides access to an established distribution network in Germany for fund products managed by its partners.
• UN PRI (Principles for Responsible Investment)minorOthersMASTERINVEST supports the UN Principles for Responsible Investment, a voluntary commitment by asset managers, asset owners, and service providers to integrate sustainability topics into their decision-making processes, contributing to a more sustainable global financial system.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Attrax Financial Services: Luxembourg-based Master-KVG providing fund administration, risk management, and reporting across Europe. Comparable as an independent fund services platform targeting institutional asset managers.
• Universal-Investment: Germany's largest independent Master-KVG and fund administration platform. Directly comparable as a Master-KVG; Universal-Investment also holds a 12.5% equity stake in MASTERINVEST and provides German distribution access.
• Security Kapitalanlage: Austrian investment fund company affiliated with Bankhaus Schelhammer & Schattera. Direct competitor in the Austrian Spezialfonds and MASTER-KAG segments.
• ERSTE-SPARINVEST: Erste Group's fund management subsidiary and a leading Austrian fund company. Competes with MASTERINVEST in Austrian Publikumsfonds/Spezialfonds and is structurally tied to a custodian (Erste Group Bank) that MASTERINVEST has connected since 2024.
• Kepler-Fonds Kapitalanlagegesellschaft: Austrian fund company affiliated with Raiffeisen Oberösterreich. Competes with MASTERINVEST in Austrian Publikumsfonds and Spezialfonds administration.
• Hansainvest: German Master-KVG within the Signal Iduna Group. Comparable as a competing German Master-KVG offering white-label fund administration and Spezialfonds services across DACH.
• Raiffeisen Capital Management (Raiffeisen KAG): Austrian investment fund company within the Raiffeisen banking group. Directly competes in the Austrian Publikumsfonds and institutional Spezialfonds segments targeted by MASTERINVEST.
• Hauck & Aufhäuser Fund Services: Germany/Luxembourg-based independent fund services and Master-KVG platform. Comparable as a competitor for cross-border fund administration mandates across DACH and Luxembourg.

Broad incumbents

• State Street (Global Services): Global custodian and fund administration business. Comparable as a large-scale incumbent in fund administration and reporting; State Street Wien was previously connected to MASTERINVEST's platform.
• CACEIS: BNP Paribas-affiliated fund administration and asset servicing platform with pan-European scale. Comparable as a large incumbent fund services provider, though not Austria-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/masterinvest-kapitalanlage-gmbh

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

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 MASTERINVEST Kapitalanlage