# First Private Investment Management

First Private Investment Management is a Bank / Wealth / Trust based in New York, Germany.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** New York, Germany
- **Region:** Europe
- **Address:** Frankfurt am Main, Germany
- **Founded:** 1991
- **Assets under management:** Undisclosed
- **Website:** first-private.de
- **LinkedIn:** https://www.linkedin.com/company/first-private-investment-management

## Regulatory record

- **CRD number:** 108260
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-22T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/108260

## About

First Private Investment Management is a Frankfurt-based asset manager anchored in the ecosystem of German private wealth. The firm operates as a KAG (Kapitalanlagegesellschaft), a regulatory designation that allows it to launch and manage public investment funds under BaFin supervision. This structure puts it in a distinct local category: smaller than the Deutsche Bank or Allianz Global Investors platforms, but with far more portfolio-design freedom than a standard financial advisor. The client base skews toward entrepreneurs, family offices, and private foundations in the Rhine-Main region. The firm constructs concentrated equity portfolios, typically 25 to 40 names, with a bottom-up fundamental-research process that deliberately ignores benchmark hugging. While the majority of assets sit in listed European and North American equities, the firm also runs bond mandates focused on investment-grade corporates and German government paper for clients who need duration matching. A smaller sleeve covers real estate funds — mostly German residential and light-commercial vehicles — that serve as the inflation-hedge layer inside multi-asset client portfolios. There is no venture exposure, no private credit, and no direct property investment; the firm makes a selling point of staying inside regulated, daily-priced instruments. First Private remains small enough that every client account reports directly to the investment committee, without the layer of relationship managers that creates latency in larger private banks. The firm has not disclosed a formal headcount or total assets under management. No recent fund launches, regulatory filings, or personnel moves have surfaced in German financial press over the last 24 months. Structurally, First Private operates as a partnership rather than a corporate division, which matters in German asset management: most wealth-management teams inside German private banks face constant pressure to distribute internal products. By standing outside that architecture, First Private can build portfolios from third-party funds and direct securities without a product-push conflict.

## Questions

### Does First Private invest in private equity or venture capital?

No. The firm deliberately stays inside regulated, daily-priced instruments — public equities, investment-grade and government bonds, and third-party real estate funds. There is no venture-capital allocation, no private-credit strategy, and no direct real-estate investment program. This constraint is part of the liquidity proposition the firm makes to its client base of wealthy families and foundations.

### How does First Private manage conflicts of interest?

The partnership structure removes a key conflict that exists inside German private banks: there is no parent organization that manufactures and pushes proprietary products. First Private can select third-party funds and direct securities purely on investment merit. The firm's investment committee retains direct oversight of every client account, without the intermediary layer of product-distribution targets that can distort advice at larger integrated banks.

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Last updated: 2026-08-11T02:43:31.692Z

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