# Circle Eleven

Circle Eleven is a Multi Family Office based in Hamburg, Germany.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Hamburg, Germany
- **Region:** Europe
- **Address:** Große Bleichen 68, 20354 Hamburg, Germany
- **Founded:** 2014
- **Assets under management:** Undisclosed
- **Website:** circleeleven.com
- **LinkedIn:** https://www.linkedin.com/company/circle-eleven-gmbh/

## Regulatory record

- **Reports private funds:** No

## About

Circle Eleven was founded in 2014 by a group of German and Swiss investors seeking to deploy their own capital into private equity funds. Alexander C. Binz and Thorsten Boll serve as managing partners. The firm opened its platform to external families and institutions in 2015. The firm commits to buyout, growth, venture capital, and special situations funds. It also executes direct co-investments and secondaries. Confirmed relationships include Main Capital Partners, FTV Capital, Advent International, TA Associates, and Vitruvian Partners. Geographic coverage spans Europe, North America, Asia, South America, and Oceania. Asset classes include private equity, enterprise software, and AgriTech & FoodTech. The team comprises more than fifteen professionals across Hamburg and Munich. Supervisory board members include Prof. Dr. Stephan Schüller, Sebastian Braun, and Dr. Andreas Richter. In December 2025 the firm published its annual investor letter and 2026 outlook. Adjacent vehicles are limited to the core multi-family office mandate. Circle Eleven maintains a club-style structure that allows participating families to co-decide on fund selections and co-investment opportunities. This governance model keeps decision rights with the capital owners rather than delegating them to an external allocator.

## Sectors

- Private Equity
- AgriTech & FoodTech
- Enterprise Software

## Offices

- Munich, Germany

## People

- Alexander C. Binz — Managing Partner
- Thorsten Boll — Managing Partner
- Ramona Golz — Partnerin Fondsmanagement
- Kevin Gruber — Partner Research
- Dr. Gottfried Schreiber — Partner Investments
- Prof. Dr. Stephan Schüller — Chairman of the Supervisory Board

## Questions

### Who runs investment decisions at Circle Eleven?

Alexander C. Binz and Thorsten Boll serve as managing partners. They are supported by partners Ramona Golz, Kevin Gruber, and Dr. Gottfried Schreiber. The supervisory board reviews strategy and includes Prof. Dr. Stephan Schüller as chairman.

### How does Circle Eleven source proprietary deal flow?

The firm maintains longstanding relationships with fund managers including Main Capital Partners, FTV Capital, Advent International, TA Associates, and Vitruvian Partners. These relationships provide access to primary fund commitments and co-investment opportunities.

### Is Circle Eleven structured as a single family office or does it operate more like a venture firm?

Circle Eleven operates as a multi-family office. It was founded by eleven families and now serves additional external investors through flexible private equity mandates.

### Does Circle Eleven participate in fund commitments or only direct deals?

The firm executes both primary fund commitments and direct co-investments. It also accesses secondaries and special situations through its fund relationships.

### What investment stages does Circle Eleven typically target?

Circle Eleven targets buyout, growth, and venture capital stages. It also pursues special situations and turnaround opportunities through its selected managers.

### Where does the underlying wealth come from?

The firm does not disclose specific wealth origins. Clients include founders such as Dr. Mathias Baer and Sebastian Braun as well as former banking executives.

### What is Circle Eleven's known posture on co-investments alongside external GPs?

Circle Eleven offers clients participation in co-investments alongside its partner funds. Mandates can include exposure to up to ten underlying funds plus selected direct opportunities.

## Related profiles

- [Pioneer Family Office](https://altss.com/profile/pioneer-family-office)
- [Odeon Capital Advisors](https://altss.com/profile/odeon-capital-advisors-llc)

---

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

Canonical page: https://altss.com/profile/circle-eleven

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