# Houben Vermögensverwaltung

Houben Vermögensverwaltung is a Single Family Office based in Vaduz, Liechtenstein.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Vaduz, Liechtenstein
- **Region:** Europe
- **Address:** Vaduz, Liechtenstein
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** houben.vg
- **LinkedIn:** https://de.linkedin.com/company/houben-verm%C3%B6gensverwaltung-gmbh

## Regulatory record

- **Reports private funds:** No

## About

The office was established in 2011 to manage capital generated from the Houben family's decades-long acquisition and operation of multifamily and mixed-use properties in Munich's Altstadt, Schwabing, and neighboring boroughs. Founder Burghart Houben leads the firm from its registered base in Vaduz, Liechtenstein, while the proprietary real estate portfolio — eight mixed-use assets clustered in Munich's core — remains the visible anchor of the family's wealth. The investment program spans three formats: fund commitments, direct co-investments and special-purpose vehicles. The sector guardrails are unusual for a European real-estate family office, extending to Cannabis & Psychedelics, ClimateTech, Energy Transition & Renewables, and Enterprise Software. Geographic deployment is weighted to Europe. Confirmed technology focuses include biotech and ESG-oriented businesses, which the office accesses through a manager network rather than by building internal origination teams at scale. Burghart Houben remains the named managing director, and earlier business partners Dieter Wältner and Thomas Zeitler were previously associated through HWZ Projekt GmbH, a vehicle tied to the real estate operations. No organizational chart or current headcount is public. The office maintains a lean public profile: its primary domain, houben.vg, yields no scraped content, reinforcing an approach built on direct relationships rather than open marketing. Structurally, the office sits at a midpoint between a pure preservation vehicle and an active venture platform. The unreported AUM, combined with a mixed portfolio of hard assets and early-stage stakes, makes it more closely resemble a family-backed special-situations firm than the typical generational wealth custodian. The Liechtenstein domicile adds a layer of regulatory discretion uncommon among German-rooted family offices that typically keep their headquarters in Frankfurt or Berlin.

## Sectors

- AgriTech & FoodTech
- Cannabis & Psychedelics
- Circular Economy
- ClimateTech
- Data Analytics
- Digital Health
- Energy Transition & Renewables
- FinTech
- HRTech
- InsurTech
- Marketing & Sales
- Mobility & Transportation
- RegTech
- Supply Chain & Logistics

## Offices

- Munich, Germany

## People

- Burghart Houben — Managing Director

## Questions

### Does Houben Vermögensverwaltung still hold direct real estate?

Yes. The firm owns at least eight mixed-use assets across Munich's inner boroughs including Altstadt, Schwabing, Haidhausen and Maxvorstadt, according to Altss research. Those assets are managed separately from the fund-of-funds and venture program, functioning as an income-producing core portfolio that stabilizes the office's total return profile.

### Does the family office participate in fund commitments or only direct deals?

Both. Altss research confirms three investment formats: fund-of-funds commitments, direct co-investments, and special-purpose vehicles. The blend allows the office to anchor relationships with sector-specialist managers while selectively writing direct checks into companies that fit the stated sector map.

### Why is a Munich-rooted family office domiciled in Liechtenstein?

Liechtenstein is a common domicile for European single-family offices seeking regulatory predictability and privacy within an EEA framework. Houben's Vaduz registration mirrors structures used by several German-speaking families that want EEA passporting benefits without placing the operating entity directly under BaFin supervision, especially useful when a fund-of-funds program brings cross-border regulatory exposure.

## Related profiles

- [Tiaré Investment Management](https://altss.com/profile/tiare-investment-management)
- [RB Investments](https://altss.com/profile/rb-investments-harsh-bothra-and-piyush-jain-family-office)

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

Canonical page: https://altss.com/profile/houben-vermogensverwaltung-houben-family-office

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