Multi-Family Office

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HVF

HVF was founded in 1992 by Andreas von Blottnitz, whose family wealth originated from technology and venture capital.

HVF

HVF was founded in 1992 by Andreas von Blottnitz, whose family wealth originated from technology and venture capital. The firm structures itself as a multi-family office, serving a small group of technology-wealthy families who pool capital for co-investment and direct deals (public record). The founding partner continues to lead strategic decisions, maintaining a long-duration, patient capital posture. HVF invests across venture capital, growth equity, and infrastructure, with a documented preference for Series A through later-stage rounds. Their portfolio includes stakes in enterprise software, fintech, digital health, and climate technology companies. Known co-investments have been executed alongside prominent venture firms, including Sequoia Capital and Accel. The firm typically holds positions for extended periods, often serving as a lead or anchor investor in rounds. Geographic focus spans North America, Europe, and select markets in Asia. The firm has invested over $1.5 billion since inception, deploying capital through direct investments and its own funds (public record). The team includes approximately 15 investment professionals based across four offices: Palo Alto, Menlo Park, San Francisco, and Hamburg. In 2024, HVF increased its direct co-investment activity, participating in a $300 million Series C round for an undisclosed AI infrastructure company (per industry reports, 2024). HVF's structural differentiator is its multi-family office model combined with substantial co-investment scale—a rarity among early Silicon Valley family offices. The von Blottnitz family's long tenure in venture capital, combined with the co-investment pool, allows HVF to act with both strategic patience and significant capital weight. The office maintains no external fund management or public disclosure requirements, operating entirely as a private investment vehicle for its families.

Website
hvf.com

General information

Firm type

Multi Family Office

Year founded

1992

AUM

$1B–$5B (Altss estimate)

Location

Region

North America

Country

United States

City

Palo Alto

Corporate office

Palo Alto, California, United States

Additional offices

Menlo Park · San Francisco · Hamburg

Principals

Andreas von Blottnitz

Founding Partner

Sector focus

Enterprise SoftwareAI/MLFinTechDigital HealthClimateTechCybersecurityInfrastructure

Frequently asked questions

Who leads investment decisions at HVF?

Andreas von Blottnitz serves as Founding Partner and leads strategic investment decisions. The firm operates with a collaborative decision-making model, drawing on its team of around 15 professionals across four offices. No single CIO or CEO is publicly designated beyond the founding partner (public record).

How does HVF source proprietary deal flow?

HVF leverages its multi-family office network and the established reputations of its founding families. It frequently co-invests with venture firms such as Sequoia Capital and Accel, gaining access to deal flow through those relationships (public record). The firm maintains a long-term presence in Silicon Valley, building relationships with founders and investors directly.

Is HVF structured as a single family office or does it operate more like a venture firm?

HVF is a multi-family office, not a single-family office or a traditional venture capital firm. It pools capital from a small group of technology-wealthy families. While it makes venture-stage investments, it does not manage external LP capital in the traditional VC sense—its investment decisions are driven by the families' collective objectives (public record).

Does HVF participate in fund commitments or only direct deals?

HVF participates in both fund commitments and direct co-investments. The firm acts as a limited partner in select venture funds while also making direct investments alongside those GPs. Its direct co-investment activity has increased in recent years, as seen in its 2024 participation in a $300 million Series C round for an AI infrastructure company (per industry reports, 2024).

What investment stages does HVF typically target?

HVF invests across venture capital and growth equity stages, with a preference for Series A through later-stage rounds. The firm also allocates to infrastructure deals. It does not typically engage in seed-stage or public equity investments. Its long-duration capital allows it to hold positions across multiple financing rounds without pressure to exit (public record).

Which sectors does HVF explicitly avoid?

HVF has not publicly disclosed any sectors it avoids. Its documented portfolio focuses on technology sectors such as enterprise software, fintech, digital health, climate technology, cybersecurity, and infrastructure. The firm appears comfortable with a broad technology mandate and does not explicitly exclude any industries (public record).

How is HVF related to the von Blottnitz family?

HVF was founded by Andreas von Blottnitz using his family's technology and venture capital wealth. It has since expanded to serve a small group of families, but the von Blottnitz family remains central to the firm's governance and capital base. The firm operates independently of any single family's day-to-day affairs, functioning as a multi-family office with its own investment team (public record).

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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