ALITUS Capital Partners

What ALITUS Capital Partners does

ALITUS Capital Partners GmbH is an owner-managed, mid-sized real estate investment and asset management firm founded in 2016 and headquartered in Erlangen, Germany. The firm invests for or alongside partners in commercial and retail real estate across Germany, with a value-add/opportunistic focus and particular depth in the Metropolregion Nürnberg-Fürth-Erlangen. Its service stack covers the full real estate value chain: investment management, asset management, property management, transaction management, and funding & finance, supplemented by a dedicated mezzanine capital product (EUR 1–5 million per project, 1–3 year duration) targeted at mid-size project developers. The firm sources mandates directly from Family Offices, Stiftungen, banks, and institutional investors via relationship-driven outreach and industry presence at events such as EXPO REAL.

The company operates through two wholly-owned subsidiaries formed in 2022: ALITUS Development GmbH, which handles project development activities including land acquisition and planning in the Metropolregion Nürnberg; and MOCEDI MODERN INSURANCE Versicherungsvermittlung GmbH, a specialized insurance brokerage for the real estate industry. Notable managed assets include the Nordostpark campus in Nürnberg (~39,000 m² with anchor tenants Fraunhofer and Immowelt), the KALA Central Campus in Darmstadt (~10,000 m² under revitalization with AB Enzymes as anchor, targeting DGNB Gold), the Business Carrée in Erlangen (anchor tenant Siemens AG), and retail portfolios across Bavaria anchored by REWE, Rossmann, Aldi/Lidl, and Deutsche Post. Cumulative transaction volume reached approximately EUR 260 million over four years as of 2021.

Commercially, ALITUS earns revenue through management fees on co-investments and third-party mandates, performance-linked income from active value-add asset management, interest income on mezzanine loans, and fees from its subsidiaries. Decision-making is centralized and fast under founder Manfred Kronas and Managing Director Katharina von Waldenfels (appointed July 2024), with no external PE/VC ownership disclosed. The firm holds three consecutive years of CrefoZert certification (2022–2024) and is a Professional Member of RICS. Pricing is not publicly disclosed; deal sizes indicate single-asset investments from EUR 500,000 to EUR 15 million and portfolio deals from EUR 10 million to EUR 30 million.

Name

ALITUS Capital Partners

Legal name

ALITUS Capital Partners GmbH

Website

https://alitus-cp.de

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

ALITUS Capital Partners is an owner-managed German investment and asset manager (founded 2016, Erlangen) offering investment, asset, property, and transaction management plus mezzanine financing for commercial and retail real estate, serving family offices, foundations, banks, and institutional investors.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Agencies, Brokerages, and Other Insurance Related Activities (5242), Management of Companies and Enterprises (55111)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-Management Consulting Services (8742)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Project Finance Capital Raising Intermediation (FSAEALAJ)

Keywords

• Commercial real estate investment
• Asset management services
• Mezzanine capital financing
• Property management services
• Transaction management advisory

Headquarters

HQ city

Erlangen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Investment Management & Asset Management Fees: ACP earns management fees from investing for or together with partners in commercial and retail real estate. The firm also earns performance-linked income from active value-add asset management, targeting risk-appropriate returns for its investor base.
2. Mezzanine Financing: ACP provides mezzanine capital (EUR 1–5 million per project, 1–3 year duration) to mid-size project developers, earning risk-appropriate interest income on subordinated loans that rank below bank financing.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

ALITUS Capital Partners (ACP) is an owner-managed investment and asset manager that invests for or together with partners in commercial and retail real estate with value-add potential across Germany, with a particular focus on the Metropolregion Nürnberg. The firm offers a full value chain spanning investment management, asset management, property management, transaction management, and funding & finance services, and additionally provides mezzanine capital (EUR 1–5 million per project) to mid-size German project developers.

Product overview

ALITUS Capital Partners is an owner-managed, mid-sized investment and asset management company offering a comprehensive suite of real estate services. The core offering comprises Investment Management (bilateral investments in retail and commercial properties), Asset & Property Management (active value-creation management), Transaction Management (full-service deal support), Funding & Finance (capital procurement), and Mezzanine Capital (subordinated financing for developers). The company operates through subsidiaries including ALITUS Development GmbH for project development activities and MOCEDI MODERN INSURANCE for specialized real estate insurance services. Key managed properties include KALA Central Campus Darmstadt, Nordostpark Nürnberg Campus, Business Carrée Erlangen, and Stadtgärten Ebermannstadt residential project.

Differentiator

Problem solved

Functional benefit

Brands

• ALITUS Development: Project development subsidiary focusing on land acquisition and construction planning processes
• MOCEDI MODERN INSURANCE

Products and services

• Investment Management Investment management services for commercial and retail real estate properties with value-add and opportunistic return potential across Germany, including direct co-investments and bilateral deals for institutional capital partners.

Quantifiable outcome

• Total transaction volume of EUR 260 million over four years (as of 2021).
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• AB EnzymescoreOthers · 1 January 2026Anchor tenant of the KALA | Central Campus Darmstadt property being revitalized by ALITUS. AB Enzymes is occupying ~7,200 m² of office and laboratory space in the L-shaped building of the complex, with a joint investment of ~EUR 30 million (including planning costs) alongside ALITUS.
• LIST BiB Bielefeld GmbH & Co. KGcoreImplementation/ SI/ Consulting Partner · 1 October 2025LIST BiB was appointed as the general contractor (Generalunternehmer) by ALITUS for the comprehensive revitalization of the KALA building at Central Campus Darmstadt. LIST BiB is responsible for modernization until early 2027, creating modern office and laboratory spaces targeting DGNB Gold certification and KfW 55 standard. LIST Eco GmbH & Co. KG supports both ALITUS and LIST BiB on sustainability implementation.
• CONREN Land AGminorOthers · 21 July 2022ALITUS sold its office building at Koldestraße 16 in Erlangen to CONREN Land AG in an off-market transaction. ALITUS had previously acquired the property in 2018, renovated it, and achieved full occupancy. ALITUS continues to lease its headquarters in the building from the new owner.
• ALITUS Development GmbHcoreOthers · 6 May 2022A wholly-owned subsidiary of ALITUS Capital Partners focused on project development activities, particularly land acquisition and planning/permitting processes in the Metropolregion Nürnberg. Led by Philipp Striegel with a 4-person team. Handles developments such as the Regensburg Gewerbegrundstück, Stadtgärten Ebermannstadt, and the König Otto Hotel redevelopment.
• Coumax Bau GmbHminorImplementation/ SI/ Consulting Partner · 5 April 2022General contractor appointed by ALITUS for the Stadtgärten Ebermannstadt residential project — 28 units across 4 buildings on ~4,500 m², with ~2,400 m² total residential area. Project completed by the Dormitz-based construction firm.
• PLANT-MY-TREE StiftungminorOthers · 5 April 2022ALITUS conducts tree-planting activities through the PLANT-MY-TREE foundation as part of its sustainability and climate protection strategy. The initiative is coordinated via MOCEDI, ALITUS's insurance subsidiary.
• MOCEDI MODERN INSURANCE Versicherungsvermittlung GmbHcoreStrategic or Co-development Partner · 10 January 2022MOCEDI was founded by ALITUS Capital Partners as a specialized insurance broker for the real estate industry. ALITUS holds a stake in MOCEDI, which provides insurance services including specialty insurance, cyber/electronics insurance, D&O, and E&O coverage. MOCEDI is also climate-neutral and partners with PLANT-MY-TREE for tree-planting initiatives that benefit ALITUS clients.
• Geiger Bauwerksanierung (Niederlassung Mainz)minorImplementation/ SI/ Consulting Partner · 15 July 2021Appointed as general contractor for the parking garage renovation (440 parking spaces) at KALA Darmstadt since January 2026. The renovation is part of the broader KALA campus revitalization project.
• Colliers InternationalminorOthers · 18 March 2020Colliers International acted as exclusive marketing agent for the seller in the Nordostpark acquisition (2018) and was cited as deal advisor in multiple ALITUS transactions.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Real I.S. AG: German independent asset manager focused on commercial real estate for institutional investors; comparable size, German focus, and active asset management orientation with similar client segments (institutional investors, family offices).
• Pegasus Capital Partners: Erlangen-based real estate investment and capital partner; has co-invested with ALITUS on the Nordostpark portfolio and provides mezzanine for joint developments since 2018 — overlapping investment/asset management mandate and shared client base.
• Catella Real Estate AG (CREAG): German-based real estate investment manager with retail and commercial portfolio focus; sold the Erlangen Business Carrée to ALITUS in April 2021, demonstrating directly overlapping investment scope and customer base in German commercial real estate.
• Wealthcap (Wealth Management Capital Holding): German real estate investment manager owned by UniCredit, focused on commercial real estate funds for institutional and semi-institutional investors; comparable mid-market deal sourcing and institutional mandate profile to ALITUS.
• GRR Real Estate Management: German retail real estate asset manager specializing in retail parks and Fachmarktzentren with active asset management. Directly comparable to ALITUS given overlapping retail focus and the founder Manfred Kronas's prior Senior Finance Manager role at GRR (2008-2012).

Broad incumbents

• Union Investment Real Estate: One of Germany's largest real estate investment managers (DWS/Zechel family-controlled); broader institutional-grade offerings overlap with ALITUS's institutional investor segment, but operates at substantially larger scale across multiple asset classes and geographies.
• Commerz Real: Large German real estate investment manager (part of Commerzbank Group) with broad commercial real estate fund offerings including open-ended real estate funds; broader portfolio but competes for the same institutional and semi-institutional German capital that ALITUS targets.
• GLL Real Estate Partners: International real estate investment manager with significant German commercial real estate activity and institutional investor focus; broader mandate geography but directly comparable institutional capital raising and asset management function.
• KanAm Grund Investmentgesellschaft: Frankfurt-based real estate investment manager specializing in commercial real estate for institutional clients; broader portfolio scope but competes for German institutional real estate allocations and offers comparable fund/asset management services.

Emerging players

• IMMAC Holding AG: German investment manager focused on healthcare and commercial real estate for institutional investors; comparable mid-market scale and active asset management model, though with healthcare specialization overlapping partially with ALITUS's opportunistic commercial/retail focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/al%C3%ACtus-capital-partners-gmbh
• Facebookfacebook.com/AlitusCapitalPartnersGmbH

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 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 ALITUS Capital Partners