Family Office A/S (Krull Family Office)

Overview

The Krull family office was established in 1981 in Aalborg, Denmark, by Lars Krull to steward capital generated through decades of Danish holding-company investments across trade and import-export businesses. The firm operates through the parent entity Lars Krull Holding A/S, where three additional Krull family members — Kaj-Aage Bastholm Krull, Helen Friis Krull, and Charlotte Krull — serve on the board alongside Lars Krull. Its dual identity as both a single-family capital allocator and an extension of Lars Krull's academic engagements at Aalborg University distinguishes it from generational wealth preserver peers that typically avoid public governance roles. The office deploys capital across three primary tracks: direct startup investments with a declared ClimateTech focus, high-yield credit instruments, and a broader liquid multi-asset portfolio that includes hedge fund allocations. Confirmed investment stages target early-stage and startup opportunities within Europe, and the firm has demonstrated willingness to co-invest alongside external business partners — most notably with Danish entrepreneur Morten Lund in technology ventures including the cybersecurity company BullGuard. The geographic footprint concentrates on European deals, with the family's residential asset base anchored at Johannes Hofmeisters Vej 7 in Aalborg and the liquid portfolio managed from the same city. Total deployment is publicly described as exceeding half a billion Danish kroner, which translates to an estimated AUM band below $100 million in USD terms — placing the Krull office in the smaller tier of Nordic single-family offices. The firm maintains professional affiliations that extend its influence beyond asset management: Lars Krull serves as an expert member on Finance Denmark's anti-money laundering task force, and the office is a support company member of InterForce, an industry association backing the Danish Armed Forces. In recent years, the firm has concentrated its direct investment activity around ESG and climate-aligned technologies, aligning portfolio construction with the regulatory and thematic currents shaping European institutional capital. A genuine structural differentiator is the office's embedding within a university governance ecosystem — Lars Krull's senior adviser role at Aalborg University creates an informal sourcing pipeline and a public accountability layer uncommon among family offices of this size.