# HNC Capital

HNC Capital is an Asset Manager based in Grünwald, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Grünwald, Germany
- **Region:** Europe
- **Address:** Grünwald, Germany
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** www.hnc.capital
- **LinkedIn:** https://www.linkedin.com/company/hnc-capital

## Regulatory record

- **Reports private funds:** No

## About

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.

## People

- Jonathan von Pfetten-Arnbach — Vorstandsvorsitzender (CEO) and Co-founder
- Aleksandar Jelic — Vorstand and Co-founder
- Julius Nagel — Vorstand and Co-founder

## 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.

## Related profiles

- [HMW Capital](https://altss.com/profile/hmw-capital)
- [HO2 Partners](https://altss.com/profile/ho2-partners)

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Last updated: 2026-08-11T15:06:57.816Z

Canonical page: https://altss.com/profile/hnc-capital

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