# Kehrli & Zehnder Global Wealth Management Kehrli & Zehnder Global Wealth Management is a Multi Family Office based in Zurich, Switzerland. ## Overview - **Organization type:** Multi Family Office - **Headquarters:** Zurich, Switzerland - **Region:** Europe - **Address:** Zurich, Switzerland - **Founded:** 2003 - **Assets under management:** Undisclosed - **Website:** kehrlizehnder.com - **LinkedIn:** https://www.linkedin.com/company/konrad-zehnder-wealth-partners-ag ## Regulatory record - **Reports private funds:** No ## About Founded in 2003 by former Goldman Sachs executives Dominik E. Zehnder and Stephan Kehrli, Kehrli & Zehnder Global Wealth Management operates from Zurich as a multi-family office serving entrepreneurial families, foundations, and pension schemes. The firm organizes discretionary and advisory mandates around consolidated reporting, macro analysis, asset allocation, and Swiss tax planning. Zehnder, an HBS MBA, also holds an officer role with the Harvard Club of Switzerland, signaling the firm's anchor in international professional networks. The firm runs a multi-asset-class architecture stretching across private equity, hedge funds, real estate, natural resources, and private credit. On the direct side, confirmed positions include a dedicated Terranum Capital Real Estate Development Fund vehicle in Colombia and a Trade Financing Fund for South America. The hedge fund allocation sits within a Swiss-domiciled fund of funds, managed by Partner Georg Stucki. Publicly known liquid holdings include physical gold and a Bitcoin position. The overall posture blends direct co-investments and SPVs with fund-of-funds structures, applying a macroeconomic overlay that distinguishes it from pure fund-pickers. Geographic execution reaches Europe and Asia, with Latin America present through the direct real-asset strategies. The partnership bench comprises five named investment professionals. Co-founders Zehnder and Kehrli set strategy; Pablo Frei serves as Chief Investment Officer; Albert Konrad specializes in wealth and succession planning; and Georg Stucki leads hedge fund allocations. The team's small, partner-heavy structure implies concentrated decision-making — each partner owns a defined asset-class lane. The firm is a member of SECA, the Swiss Private Equity & Corporate Finance Association, connecting it to domestic deal flow and GP relationships. Kehrli & Zehnder's structural differentiator is the pairing of Swiss multi-family-office governance with direct Latin American real-asset exposure — a combination that places it outside the standard universe of European allocators. Rather than a pure fund-of-funds model or a single-region direct shop, the firm runs a hybrid architecture that sources institutional fund commitments and direct deals simultaneously, then layers on Swiss tax and succession planning. That cross-border, cross-structure design is uncommon among Zurich-based family offices of comparable size. ## Sectors - Energy Transition & Renewables - Healthcare Services - AI/ML - Real Estate - Hedge Funds - Private Equity - Natural Resources - Private Credit ## People - Dominik E. Zehnder — Co-founder and Chairman - Stephan Kehrli — Co-founder and Senior Partner - Pablo Frei — Partner and Chief Investment Officer - Albert Konrad — Partner, Wealth and Succession Planning - Georg Stucki — Partner, Hedge Fund Allocations ## Questions ### Who runs investment decisions at Kehrli & Zehnder? Partner and Chief Investment Officer Pablo Frei leads investment decisions, working within a partner-heavy structure where each senior professional owns a specific asset-class lane. Co-founders Dominik Zehnder and Stephan Kehrli set firm-wide strategy. Georg Stucki, another partner, specifically runs hedge fund allocations. ### How is Kehrli & Zehnder structured in terms of investment vehicles? The firm runs a hybrid model — direct co-investments and SPVs sit alongside fund-of-funds commitments. Confirmed direct vehicles include a Colombian real estate development fund and a South American trade finance fund. The hedge fund allocation operates through a Swiss-domiciled fund of funds. This architecture blends institutional fund access with direct deal execution. ### Does Kehrli & Zehnder make direct private investments or only fund commitments? The firm operates on both sides. It maintains direct co-investment and SPV exposure, notably in Latin American real estate and trade finance, while also committing capital to a hedge fund of funds. The direct side is not limited to fund-of-one structures but includes dedicated vehicles like the Terranum Capital Real Estate Development Fund in Colombia. ### Which sectors does Kehrli & Zehnder explicitly target? Confirmed sector focuses include energy transition and renewables, and healthcare services. The firm has also deployed into real estate development, trade finance, and hedge fund strategies. Technology interests include AI and ESG-oriented investments, though the firm does not position itself as a pure tech allocator. ### What role does Latin America play in Kehrli & Zehnder's portfolio? Latin America is a distinct geographic anchor for the firm's direct strategies. A confirmed mixed-use real estate development fund operates in Colombia, and a trade financing fund targets South America. This direct, cross-border real-asset exposure is unusual among Zurich-based family offices. ## Related profiles - [KL Capital](https://altss.com/profile/kl-capital-knutsson-and-lundstrom-family-office) - [Marcard, Stein & Co.](https://altss.com/profile/marcard-stein-and-co) --- Last updated: 2026-07-06T00:35:12.563Z Canonical page: https://altss.com/profile/kehrli-and-zehnder-global-wealth-management-ag Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology