# Alpine Select Alternative Fund

Alpine Select Alternative Fund is a Generic based in Schaan, Liechtenstein.

## Overview

- **Organization type:** Generic
- **Headquarters:** Schaan, Liechtenstein
- **Region:** Europe
- **Address:** Schaan, Liechtenstein
- **Founded:** 1997
- **Assets under management:** 31 (Altss estimate)
- **Website:** https://www.alpine-select.ch
- **LinkedIn:** https://www.linkedin.com/company/alpine-select-ag

## Regulatory record

- **Reports private funds:** No

## About

Alpine Select Alternative Fund operates from Schaan as a fund-of-funds vehicle. Raymond J. Baer, former Chairman of Julius Baer Group, founded the entity and continues as Chairman. Thomas Amstutz serves as anchor shareholder. The fund allocates across venture capital, convertible bonds and residential real estate. Positions include Idorsia Convertible Bonds in Switzerland and a residential project in the Czech Republic. Geographic reach covers Switzerland and Central Europe. The structure favors direct holdings and co-investments rather than broad fund commitments. Michel Vukotic leads the Investment Committee as CIO. Claudia Habermacher serves as CEO of Alpine Select Ltd. The firm maintains membership in the Swiss Bankers Association through Baer’s prior role. Baer’s banking background supplies sourcing access to European venture and credit opportunities. The Liechtenstein domicile provides regulatory separation from larger Swiss banking entities.

## Sectors

- Venture Capital

## People

- Raymond J. Baer — Chairman of the Board of Directors
- Thomas Amstutz — Anchor shareholder and former Chairman
- Michel Vukotic — Chief Investment Officer and Head of the Investment Committee
- Claudia Habermacher — Chief Executive Officer of Alpine Select Ltd.

## Questions

### Who runs investment decisions at Alpine Select Alternative Fund?

Michel Vukotic serves as Chief Investment Officer and chairs the Investment Committee.

### What asset classes does Alpine Select Alternative Fund target?

The fund holds venture capital positions, convertible bonds and residential real estate.

### Where is Alpine Select Alternative Fund domiciled?

The firm is based in Schaan, Liechtenstein.

### Has Alpine Select Alternative Fund completed any recent structural changes?

Absolute Invest AG, a wholly owned subsidiary, merged into Alpine Select in February 2024.

## Related profiles

- [OQAL](https://altss.com/profile/oqal)
- [Bay Path University Endowment](https://altss.com/profile/bay-path-university-endowment)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/alpine-select-alternative-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology