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aecuvest
Aecuvest operates as the single-family office for Michael Hilti, a member of the Hilti family whose Liechtenstein-headquartered power tools and fastening...
aecuvest
Aecuvest operates as the single-family office for Michael Hilti, a member of the Hilti family whose Liechtenstein-headquartered power tools and fastening systems group generates roughly CHF 6 billion in annual revenue. The office was structured to create distance between the operating company's treasury function and the family's long-term technology allocation, with a particular emphasis on firms that industrialize traditional sectors. The investment posture concentrates on growth-stage and late-stage venture across Europe and North America. Sector coverage spans enterprise software, industrial automation, construction technology and fintech — a mix that mirrors the operational complexity of the Hilti supply chain. Known direct positions include LIQID, the Berlin-based digital wealth manager, and Capmo, a Munich construction-software company that digitizes project management for general contractors. The office has participated alongside external venture funds including HV Capital and Lakestar in multiple rounds, per public regulatory filings. Aecuvest does not publicly disclose assets under management, team headcount or additional office locations. Its investment activity surfaces primarily through German commercial-register filings and portfolio-company cap tables rather than press releases or a proprietary website. The firm maintains no separate philanthropic foundation vehicle under the Aecuvest name, though the broader Hilti family foundation — founded in 1996 — operates independently with a focus on education, science and culture. The structural differentiator is the tight thematic alignment between the family's industrial operating experience and its venture portfolio — Aecuvest invests in precisely the kind of companies whose products could eventually be sold through Hilti's construction-trade distribution channels or deployed on Hilti job sites, creating an information advantage that a purely financial investor cannot replicate.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
—
Corporate office
—
Principals
Michael Hilti
Principal
Sector focus
Frequently asked questions
Who runs investment decisions at aecuvest?
Investment decisions rest with Michael Hilti, the family principal. The office does not maintain a publicly visible investment committee or external-facing investment team structure. Deal sourcing and due diligence appear to be handled through a lean internal team supplemented by co-investor relationships with established venture funds.
How does aecuvest source proprietary deal flow?
Aecuvest leverages the Hilti Group's deep construction-industry network to identify companies building technology for the built environment. The family's operating knowledge of contractor workflows, supply-chain logistics and jobsite safety gives it an edge in evaluating construction-tech startups — access that a purely financial sponsor lacks.
Is aecuvest structured as a single family office or does it take outside capital?
Aecuvest operates exclusively as a single-family office for Michael Hilti and does not accept third-party client capital. It is not registered as an asset manager and does not market investment products to external investors.
Does aecuvest participate in fund commitments or only direct deals?
Public filings indicate aecuvest executes direct equity investments into portfolio companies. It has co-invested alongside European venture funds in growth rounds, suggesting a preference for direct exposure over fund-of-funds structures, though the office does not publish a formal allocation policy.
Which sectors does aecuvest explicitly avoid?
The office has shown no known activity in biotechnology, pharmaceuticals, consumer internet or pure-play software-as-a-service outside of industrial applications. The portfolio remains concentrated on companies that touch physical infrastructure, construction processes or industrial automation.
Where does the underlying wealth come from?
The capital originates from the Hilti Group, founded in 1941 by Martin Hilti and based in Schaan, Liechtenstein. The company manufactures power tools, fastening systems, firestop products and construction software, generating more than CHF 6 billion in annual revenue across over 120 countries.
Does aecuvest maintain philanthropic structures, and how are they separated?
Aecuvest is a dedicated investment entity and does not administer philanthropic grants. The Hilti family's charitable giving flows through the separate Hilti Family Foundation, established in 1996, which focuses on education, scientific research and cultural projects in Liechtenstein and select international locations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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