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Aquila Invest Zürich
Max Cotting chairs Aquila Invest Zürich, a Swiss asset manager that invests family capital directly into real estate, infrastructure, and renewables.
Aquila Invest Zürich
Aquila Invest Zürich traces its lineage to the Swiss trust and fiduciary tradition, emerging as an independent asset manager focused on direct, tangible investments. The firm was formed through a management buyout led by Chairman Max Cotting, who previously ran the institution as part of a larger private-banking group before establishing its independence (per Handelszeitung, 2014). The breakaway was a structural pivot — moving from a bank-tethered fiduciary to a principal-led investment office for families who wanted their capital deployed directly into property, private infrastructure, and clean-energy assets rather than layered into third-party fund products. The firm concentrates its balance sheet and discretionary client mandates on Swiss and European real estate, infrastructure, and private equity. Its property portfolio includes Zurich office buildings, residential holdings in Swiss secondary cities, and select German commercial assets. Aquila also operates a dedicated renewable-energy arm, developing and operating wind farms and solar parks in Northern Europe that produce long-term contracted power revenues — a direct-infrastructure play that doubles as a multi-generational inflation hedge for Swiss family capital. The private-equity book, smaller than the real-asset lines, takes minority stakes in Swiss industrial SMEs where the firm's board network can influence value creation without operational control. Aquila runs lean, with a core team of roughly 15 investment professionals operating from a single office in Zurich. The firm does not market externally and has historically grown by internal referral among Swiss-German industrial families. In 2012, Aquila spun out its renewable-infrastructure activities into a dedicated vehicle, Aquila Capital, which now operates in Hamburg as a separate regulated asset manager — a structural separation that allowed the Zurich parent to stay private-client focused while the clean-energy arm attracted institutional capital (per the firm, 2012). The firm's structural distinction is the deliberate split between its private-family discretionary mandates in Zurich and the institutional asset-management business it incubated in Germany. That architecture allows Aquila Invest Zürich to avoid the organizational bloat and product-manufacturing conflicts that define most Swiss wealth managers — client capital goes into property, wind turbines, and solar parks the firm itself has built, rather than into open-architecture fund shelves where the economics are stacked in the house's favor.
General information
Firm type
Bank / Wealth / Trust
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Switzerland
City
Zurich
Corporate office
Zurich, Switzerland
Principals
Max Cotting
Chairman of the Board of Directors
Sector focus
Frequently asked questions
What is the relationship between Aquila Invest Zürich and Aquila Capital?
Aquila Capital was originally the renewable-energy investment arm of Aquila Invest Zürich. It was spun out in 2012 as a separate Hamburg-based asset manager regulated by BaFin. The two firms now operate independently, with Aquila Invest Zürich retaining its focus on Swiss family discretionary mandates and Aquila Capital managing institutional funds across clean-energy infrastructure.
Does Aquila Invest Zürich operate as a single-family office or a multi-family wealth manager?
Aquila Invest Zürich functions more like a multi-family investment office than a single-family office. It manages discretionary capital for a select group of Swiss-German industrial families, but the firm is not tied to a single wealth origin and operates as a regulated asset manager under Swiss law.
What asset classes does Aquila Invest Zürich invest in directly?
The firm invests directly in Swiss and European real estate, infrastructure, and renewable-energy projects — including wind farms and solar parks in Northern Europe. It also takes minority private-equity stakes in Swiss industrial SMEs. It avoids public-market fund-of-funds structures, concentrating instead on tangible assets it can underwrite itself.
Who runs investment decisions at Aquila Invest Zürich?
Chairman Max Cotting has led the firm since the management buyout that established its independence. The firm operates with a lean investment committee drawn from its senior partners in Zurich, who make allocation and direct-investment decisions collectively without an external investment board.
Does Aquila Invest Zürich accept new client mandates?
The firm does not market externally and historically has accepted new clients only through referral from existing Swiss-German family relationships. Minimum discretionary mandates are not publicly disclosed but are understood to be substantial given the direct-property and infrastructure investment model.
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