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Asset Manager

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Berenberg Private Capital

Berenberg Private Capital is a private equity fund of funds manager based in Hamburg, Germany. It manages approximately $18.5 billion in assets across 34...

Overview

Berenberg Private Capital is a private equity fund of funds manager based in Hamburg, Germany. It manages approximately $18.5 billion in assets across 34 funds, primarily focused on European investments.

General information

Firm type

Asset Manager

Year founded

2017

Location

Region

Europe

Country

Germany

City

Hamburg

Corporate office

Hamburg, Germany

Additional offices

Frankfurt, Germany · London, United Kingdom · New York, NY, United States

Principals

Kai Oldenburg

Head of Private Capital

Hendrik Borggreve

Member of the Management Board, Investment Banking

Sector focus

Enterprise SoftwareIndustrial TechDigital Health

Frequently asked questions

How is Berenberg Private Capital related to Berenberg Bank?

Berenberg Private Capital operates as the dedicated growth-equity and venture co-investment unit inside Joh. Berenberg, Gossler & Co. KG, the Hamburg-based bank. The unit sits within the Investment Banking division and deploys the parent bank's balance sheet rather than raising external limited-partner funds (per Berenberg, 2017).

Does Berenberg Private Capital raise external funds or invest the bank’s balance sheet?

The unit invests the bank's own permanent capital, not third-party commitments. This balance-sheet structure eliminates standard fund-life constraints, allowing Berenberg Private Capital to hold positions on a multi-generational timeline aligned with the partner-owned bank's horizon.

How does Berenberg Private Capital source its investment opportunities?

Deal flow originates through a cultivated network of venture and growth equity general partners, not through a proprietary origination team seeking direct company relationships. This network-based co-investment model uses Berenberg's brand and balance-sheet permanence to access allocations in competitive rounds.

Who makes investment decisions at Berenberg Private Capital?

Kai Oldenburg, as Head of Private Capital, leads the investment team and is the primary decision-maker on allocations. He operates under the broader oversight of the Investment Banking management board member, Hendrik Borggreve, and ultimately reports into the bank's partner governance structure (per Berenberg, 2024).

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