Lennertz & Co. is an owner-managed family office with a clear focus on the further development and value growth of its clients’ assets.

 

To this end, our team of more than 30 employees conducts a detailed and ongoing review of the entire family situation, taking into account the legal and tax-related framework conditions.

 

Our investment recommendations are fully aligned with the clients’ personal preferences. Given our complete independence, the clients are able to fully benefit from our unbiased assessment of global investment opportunities, their selection and their discreet implementation.

 

As an entrepreneurial family office, we appreciate our clients’ need for quick, profound and safe decisions. Lennertz & Co. has a number of licenses from the German Federal Financial Supervisory Authority (BaFin, Bundesanstalt für Finanzdienstleistungsaufsicht) and is therefore subject to numerous quality and regulatory requirements of both BaFin and the Deutsche Bundesbank.

Family Office

  • Independent overall consideration of the clients’ family, business and financial situation, taking into account the legal and tax-related framework conditions
  • Advice on the strategic (long-term) and tactical (short-term) asset structuring in line with the clients’ preferences
  • Definition of a target structure of the total assets and appropriate implementation measures
  • Definition and discreet implementation of investment opportunities in line with the short-term and long-term target structure of the total assets
  • Independent assessment of investment opportunities based on our experience, external professional resources and expert opinions
  • Selection and coordination of custodian banks, asset managers and advisers based on the defined target structure of the total assets
  • Identification and implementation of direct and indirect investments in both US and European venture capital and growth funds, direct and fund investments in German and European Small- and Mid-cap companies as well as pre-IPO investments
  • Access to exclusive agriculture and forestry investments, infrastructure investments, and movable and property investments
  • Succession planning taking into account tax-related framework conditions
  • Introduction to asset successors
  • Creation of a family governance structure
  • Advice on and establishment of foundations, particularly charitable or family foundations
  • Execution of wills
Asset
Structuring
  • Independent overall consideration of the clients’ family, business and financial situation, taking into account the legal and tax-related framework conditions
  • Advice on the strategic (long-term) and tactical (short-term) asset structuring in line with the clients’ preferences
  • Definition of a target structure of the total assets and appropriate implementation measures
Asset Development
and Growth
  • Definition and discreet implementation of investment opportunities in line with the short-term and long-term target structure of the total assets
  • Independent assessment of investment opportunities based on our experience, external professional resources and expert opinions
  • Selection and coordination of custodian banks, asset managers and advisers based on the defined target structure of the total assets
  • Identification and implementation of direct and indirect investments in both US and European venture capital and growth funds, direct and fund investments in German and European Small- and Mid-cap companies as well as pre-IPO investments
  • Access to exclusive agriculture and forestry investments, infrastructure investments, and movable and property investments
Asset Transition
  • Succession planning taking into account tax-related framework conditions
  • Introduction to asset successors
  • Creation of a family governance structure
  • Advice on and establishment of foundations, particularly charitable or family foundations
  • Execution of wills

Entrepreneurial Investing

Since the foundation of Lennertz & Co., entrepreneurial investing has been at the heart of our investment philosophy, and the selection of the best investment opportunities in the field of private equity and venture capital (PE/VC) has been one of our focal points. Over the years, this has given rise to our own alternative investment platform, today's Lennertz & Co. Capital GmbH. In addition to a broad range of investment opportunities of the private markets, its offering also includes advice on corresponding PE/VC portfolios, managed accounts, and advanced reporting.

 

Access to the top addresses in the private equity and venture capital industry in Europe and especially in the U.S. is crucial. Our exclusive access is due to years of cultivating relationships as well as the acquisition of BPE Fund Investors in 2020, which has been investing in top VC funds in the U.S. since 2002. We also have our own team for the administration of PE/VC investments, which enables us to provide the highest degree of service around capital investment in PE/VC funds and direct investments.

 

Overall, the platform includes investment opportunities in Private Equity (Europe and the US), Venture Capital (Europe and the US), Blockchain Venture (global), Impact Investing (global) and Real Estate (DACH region). We make the aforementioned investment areas accessible in various ways – as funds of funds, via SPVs (individual funds) and direct investments.

 

To provide these services, Lennertz & Co. Capital GmbH is structured as a capital management company according to § XYZ and, as such, is subject to numerous qualitative and quantitative requirements of both BaFin and Deutsche Bundesbank.

 

To provide these services, Lennertz & Co. Capital GmbH is licensed as a capital management company pursuant to Section 20 (1) in conjunction with Section 22 of the German Investment Code (“Kapitalanlagegesetzbuch”) and as such is subject to numerous qualitative and quantitative requirements of both BaFin and the Deutsche Bundesbank.

Press

manager magazin
(02/2024)

„Learning from the Pros“

Mark Böschen, editor of Manager Magazin, has analyzed the Single Family Offices of the 50 wealthiest corporate dynasties in Germany in the current print issue (Issue 02/2024). What trends are emerging, and what professional setup are the Single Family Offices adopting? For this purpose, Böschen spoke with Philipp Lennertz, the founder of Lennertz & Co., and Stefan Kamm, Senior Advisor, about the professionalization of the asset units, their increased costs, and entrepreneurial investing as the key factor for success.

You can find the entire article via the following links (PDF or on the subscription-based mm-website).

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Lennertz & Co.
(02/2024)

Lennertz & Co. receives full Bafin licence and hires Managing Director

The owner-managed family office Lennertz & Co. has been granted a licence to operate as a capital management company (KVG) by the German Federal Financial Supervisory Authority (BaFin). Lennertz & Co. Capital GmbH will be combining its existing business operations with alternative investments going forward.

"With the full licence, we are doing justice to the development of our in-house alternative investment platform and paving the way for further strategic growth," says founder and managing partner Philipp Lennertz. "We remain true to our core business of providing our family office clients and other single-family offices, foundations and pension funds with access to the best fund managers in private equity, venture capital and blockchain venture in Europe and the USA." Overall, Lennertz & Co. sees a return of momentum in the private equity market in 2024 and thus many good investment opportunities, also because valuations are currently moderate.

In addition to Philipp Lennertz, Christian Piper has been appointed to the management board of Lennertz & Co. Capital GmbH. Its Supervisory Board (SB) is also made up of the renowned industry and private equity experts Prof Dr Klaus Trützschler (Chairman of the Supervisory Board; former CFO Franz Haniel & Cie., SB Deutsche Bank), Prof Dr Klaus Wucherer (former board member at Siemens, SB Infineon, and SAP) and Prof Dr Heinrich von Pierer (former CEO Siemens, SB Deutsche Bank and Berenberg Bank).

Piper, 50, joined Lennertz & Co. in November 2023 and will be responsible for risk management and all regulatory issues relating to the platform in his future role. "This new appointment is a key addition to our team and the company," says Philipp Lennertz. "We are delighted to have found a person in Christian Piper who has a great deal of family office experience as well as expertise in alternative investments and their risk management - a rare and extremely valuable combination."

Piper has moved from a medium-sized project developer to Lennertz & Co. As Chief Investment Officer (CIO), he has been responsible for the acquisition and sale of real estate properties and their financial structuring since August 2020. Prior to this, he worked for a wealthy family in their single-family office for over a year and worked at the multi-family office Kontora from 2011 to 2019, including as a member of the extended management board and central risk manager.

 

About Lennertz & Co.

As an entrepreneurial, owner-managed family office, Lennertz & Co. is fully focused on the success of its clients’ investments. Our investment recommendations are in line with the personal preferences of clients, who benefit from the independence of Lennertz & Co. and the exclusive nature of its investment opportunities.

Lennertz & Co. also has a large number of permits from the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) and thus fulfills the numerous qualitative and quantitative requirements of both the BaFin and the German Federal Bank (Bundesbank).

Lennertz & Co. shares the demand of its clients for fast, well-founded, and confident decision-making. On behalf of clients, the expert team at Lennertz & Co. – which can point to decades of experience – carefully reviews opportunities as they emerge in the segments of venture and growth capital, private equity, and blockchain. Moreover, the company’s advisory board is staffed by reputable specialists in the fields of industry, venture capital and private equity, including Prof. Dr. Heinrich von Pierer, Prof. Dr. Klaus Wucherer, Stefan Theis, Daniel Thung, Daniel Milleg, and Florian Heinemann.

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Lennertz & Co. GmbH
Düsternstraße 10
20355 Hamburg
Germany

Imprint

Information according to § 5 TMG:

Lennertz & Co. GmbH
Düsternstraße 10
20355 Hamburg
Germany

Represented by:

Philipp Lennertz

Contact:

Tel: +49 40 210 91 33-20
Fax: +49 40 210 91 33-21
Email: info@lennertz.com

For Lennertz & Co. GmbH (Family Office):

Register entry:

Office: Hamburg
Register number: HRB 176714

VAT ID:

VAT Identification Number in accordance with §27a Value Added Tax Act:
DE 255 807 053

Supervisory authority:

Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht)
Marie-Curie-Str. 24-28
60439 Frankfurt
Germany

For Lennertz & Co. Capital GmbH (Alternative Investment Platform):

Register entry:

Office: Hamburg
Register number: HRB 137568

VAT ID:

VAT Identification Number in accordance with §27a Value Added Tax Act:
DE 255 807 053

Supervisory authority:

Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht)
Marie-Curie-Str. 24-28
60439 Frankfurt
Germany

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BaFin offers consumers the opportunity to contact the arbitration board for consumer disputes in the event of disputes in connection with the provisions of the German Investment Code ("Kapitalanlagengesetzbuch"). Further details on the arbitration procedure can be found at the following Internet address. The application should be sent to:

Arbitration Board of the Federal Financial Supervisory Authority (BaFin, Bundesanstalt für Finanzdienstleistungsaufsicht)
Division ZRC 3
Graurheindorfer Street 108
53117 Bonn
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Tel: +49 228 4108-0
Fax: + 49 228 4108-62299
Email: schlichtungsstelle@Bafin.de
Internet: www.bafin.de

Conflict of Interest-Policy:

Top 5 Reporting gemäß MiFID II

Sustainability Disclosure

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