Asset Manager

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HNC Capital

HNC Capital is a Munich based investment company founded in 2018. It primarily invests in young and fast-growing companies with the goal of generating the...

HNC Capital logo

HNC Capital

HNC Capital is a Munich based investment company founded in 2018. It primarily invests in young and fast-growing companies with the goal of generating the highest risk-adjusted returns for its shareholders. Through a corporate structure with permanent equity capital, it seeks to make venture capital investing more accessible to retail investors and can invest for the long term without holding-period restrictions.

General information

Firm type

Generalist

Year founded

2018

Location

Region

Europe

Country

Germany

City

Grünwald

Corporate office

Grünwald, Germany

Principals

Jonathan von Pfetten-Arnbach

Vorstandsvorsitzender (CEO) and Co-founder

Aleksandar Jelic

Vorstand and Co-founder

Julius Nagel

Vorstand and Co-founder

Frequently asked questions

How is HNC Capital connected to the Serbian royal family?

Co-founder Aleksandar Jelic is the brother of Princess Dr. Vesna of Serbia, who married Prince Alexander, head of the former Royal Family of Serbia, in 2025. This connection places a member of the firm's leadership within a European royal network, though HNC Capital itself is structured as an investment company rather than a family office for the royal household.

Does HNC Capital co-invest with other funds?

Yes. Swiss Founders Fund is a frequent co-investment partner, particularly in seed rounds. Additionally, co-founder Julius Nagel's position at UVC Partners creates a natural alignment with that firm's deal flow and investment activities.

What is the relationship between HNC Capital and UVC Partners?

Julius Nagel, co-founder and Vorstand member of HNC Capital, concurrently serves as an Investment Associate at UVC Partners, a Munich-based venture capital firm linked to the Technical University of Munich. The dual role facilitates shared deal flow, co-investment opportunities, and crossover exposure between HNC Capital's permanent capital and UVC Partners' institutional fund structure.

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