Lennertz & Co acquires BPE Fund Investors from Andreas Odefey

26. Febru­ary 2020

Hamburg — The Hamburg-based family office Lennertz & Co. inte­gra­tes the estab­lished German fund of funds company for U.S. tech­no­logy funds, BPE Fund Inves­tors from Hamburg. Since 2001, the manage­ment of BPE Fund Inves­tors around Dr. Andreas Odefey, Aman Miran Khan and Arne Fieder­ling conti­nuously culti­va­ted the network and exclu­sive access to “top addres­ses” among US tech­no­logy funds. German insti­tu­tio­nal inves­tors as well as wealthy private inves­tors have since subscri­bed to shares in three funds of funds that inves­ted venture capi­tal in pionee­ring fund addres­ses for venture capi­tal in the USA, such as Bain Capi­tal Ventures, Canaan Part­ners, Khosla Ventures, Klei­ner Perkins, NEA or TCV. In this way, inves­tors were alre­ady invol­ved at a very early stage in compa­nies such as Beyond Meat, Face­book, FitBit, Netflix, Square, Twit­ter, Tesla or Work­day and were able to profit accor­din­gly from the dispro­por­tio­nate increa­ses in value of these companies.

“BPE Fund Inves­tors has meti­cu­lously built an extre­mely viable German invest­ment bridge out of Hamburg to the attrac­tive venture capi­tal market in the US. We are plea­sed to conti­nue the exis­ting funds of funds of BPE Fund Inves­tors under Lennertz & Co.”, says Phil­ipp Lennertz, Mana­ging Part­ner of the Hamburg-based family office Lennertz & Co. “Disrup­tive tech­no­lo­gies are finan­ced espe­ci­ally in the US and conti­nue to promise high growth poten­tial for exam­ple in the areas of Arti­fi­cial Intel­li­gence and Big Data, Digi­tal Health and Precis­ion Medi­cine as well as Connec­ti­vity and Consu­mer Beha­vior”, says Dr. Odefey of BPE Fund Inves­tors. “As a succes­sor solu­tion for our fund of funds busi­ness, we are convin­ced that the Hamburg-based family office will, in the long term, further tap the great poten­tial of the U.S. venture capi­tal indus­try for German inves­tors, as seen by BPE Fund Inves­tors,” said Dr. Andreas Odefey of BPE Fund Investors.

Arne Fieder­ling joins the team of Lennertz & Co. as Mana­ging Direc­tor of BPE Fund Inves­tors. He will both ensure conti­nuity in the manage­ment of BPE’s exis­ting funds and work toge­ther with a compe­tent team at Lennertz & Co. on the further deve­lo­p­ment of the fund of funds concept. Like Arne Fieder­ling, the team members at Lennertz & Co. also look back on many years of venture capi­tal and private equity expe­ri­ence and have worked for Bain Capi­tal, BC Part­ners, Gold­man Sachs, McKin­sey and Swift Capi­tal, among others.

“With the inte­gra­tion of BPE Fund Inves­tors, we have succee­ded in speci­fi­cally expan­ding our alre­ady exis­ting plat­form for “alter­na­tive invest­ments” for our clients,” says Phil­ipp Lennertz (photo). Accor­din­gly, the Family Office crea­ted the Lennertz & Co. US Venture and Growth Fund I for its clients a few weeks ago. The port­fo­lio of this fund of funds shall consist of at least 70% U.S. early stage and growth capi­tal funds. In addi­tion, a maxi­mum of 30% of the fund volume is to be allo­ca­ted to direct and co-inves­t­­ments. In addi­tion, it is charac­te­ri­zed by strong diver­si­fi­ca­tion through the selec­tion of seve­ral funds, resul­ting in parti­ci­pa­tion in more than 100 port­fo­lio compa­nies. The product’s target funds include well-known names such as Andre­es­sen Horo­witz, First­Mark, Insight Part­ners, Klei­ner Perkins and NEA.

In addi­tion to being able to invest in the major U.S. venture capi­tal funds, clients can also take expo­sures to Euro­pean venture capi­tal funds. In addi­tion, clients can parti­ci­pate in Lennertz & Co.’s Family Equity Fund, which provi­des direct and indi­rect invest­ments in German and Euro­pean small- and mid-cap compa­nies. The plat­form is comple­ted by the possi­bi­lity to make pre-IPO invest­ments. In the recent past, Lennertz & Co. inves­ted for its clients in compa­nies such as Pinte­rest, Airbnb, 23andMe and Meituan.

About Lennertz & Co.
Lennertz & Co. is an owner-mana­­ged family office with a clear focus on the further deve­lo­p­ment and value enhance­ment of its clients’ assets. For this purpose, their indi­vi­dual family, busi­ness and asset situa­tion is conside­red in detail and on an ongo­ing basis, taking into account the legally and fiscally rele­vant frame­work condi­ti­ons. — The invest­ment recom­men­da­ti­ons are in line with the clients’ perso­nal prefe­ren­ces. They bene­fit from the inde­pen­dence of Lennertz & Co., for exam­ple in the assess­ment of global invest­ment oppor­tu­ni­ties, their selec­tion and their discreet implementation.

As an entre­pre­neu­rial multi family office, Lennertz & Co. shares its clients’ demand for fast, profound and secure decis­i­ons. In order to thoroughly examine the oppor­tu­ni­ties that arise in the private equity segment for its clients, Lennertz & Co. has a compe­tent team at its dispo­sal that can look back on deca­des of private equity expe­ri­ence. In addi­tion, the advi­sory board consists of renow­ned indus­try and private equity experts such as Prof. Dr. Hein­rich von Pierer, Prof. Dr. Klaus Wuche­rer, Stefan Theis, Daniel Milleg and Florian Heinemann.

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