Andreani & Associés

Overview

Andreani & Associés was established in Geneva, Switzerland, serving as a fund-of-funds manager with a concentrated mandate in late-stage venture capital. The firm pools discretionary capital from Swiss institutional investors and family groups, then allocates across a curated roster of venture capital managers. Rather than chasing early-stage seed funds where manager selection is noisy, the firm targets GPs operating at Series C and beyond — where portfolio companies have revenue traction and the path to liquidity is shorter. The deployment strategy is deliberately narrow: late-stage VC fund commitments, typically to US and European managers. The firm does not make direct co-investments, does not participate in SPVs alongside its GPs, and does not run its own primary venture fund. This creates a clean separation between manager selection risk and company-specific risk — a structural feature that appeals to allocators uncomfortable with the adverse selection dynamics common in direct venture. The geographic footprint spans North America and Western Europe, with the firm accessing Silicon Valley and London-centric venture ecosystems through established GP relationships. Team size is not publicly disclosed, though the firm's lean structure is evident from its single Geneva office and narrowly defined investment strategy. No affiliated operating companies, philanthropic foundations, or club structures have been identified as connected entities. The absence of a multi-family office conversion or wealth-management overlay distinguishes Andreani & Associés from Swiss peers that have blurred the line between fund-of-funds management and private banking. As a pure intermediary — no direct portfolio, no balance-sheet investing, no co-investment rights — the firm occupies a structural niche that most allocators abandoned during the 2010s rush toward direct venture exposure. Its persistence in the fund-of-funds model, particularly at the late stage, implies a stable base of institutional clients who value top-quartile manager access over headline-grabbing unicorn holdings.