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Linden Capital
Linden Capital is an SEC-registered investment adviser in Chicago, IL, registered since 2012. The firm manages $13.9 billion in regulatory assets.
Linden Capital
Linden Capital is an SEC-registered investment adviser in Chicago, IL, registered since 2012. The firm manages $13.9 billion in regulatory assets. It has 55 employees and 47 investment advisers.
General information
Firm type
Family Office
Year founded
2006
Location
Region
Europe
Country
Germany
City
Chicago
Corporate office
Berlin, Germany
Principals
Thomas Andrae
Managing Partner
Dr. Lutz-Peter Linden
Principal, Real Estate Development
Dr. Christian Linden
Principal, Real Estate & Family Office Operations
Sector focus
Frequently asked questions
Who runs investment decisions at Linden Capital?
Thomas Andrae serves as Managing Partner and leads investment decisions alongside principals Dr. Lutz-Peter Linden and Dr. Christian Linden. The three operate as the firm's investment committee. Andrae's venture capital background and academic mentoring roles at Creative Destruction Lab and HEC Paris shape the technology investing mandate, while the Linden brothers oversee real estate development and family office operations.
How is Linden Capital structured — is it a single family office or an asset manager?
Linden Capital functions as the Linden family's investment vehicle, making it a single family office in substance. Public records classify it as an asset manager in Germany. The firm does not openly solicit external capital, and its principal roster consists entirely of family members and one external Managing Partner, Thomas Andrae.
What real estate assets does Linden Capital hold?
The firm owns a portfolio of historic Berlin commercial and mixed-use properties. Confirmed holdings include Linden Palais at Unter den Linden 40, Haus Cumberland at Kurfürstendamm 193–194, and Palais am Pariser Platz. These trophy addresses anchor the family's wealth and provide the cash-flow base from which venture investments are made.
Does Linden Capital invest in venture capital, and how does it source deals?
Yes, the firm operates an early-stage venture practice targeting start-ups in deep tech, enterprise software, and proptech. Deal flow comes primarily through Thomas Andrae's mentor relationships at Creative Destruction Lab and HEC Paris, as well as the firm's collaboration with ESMT Berlin's innovation programs. The firm writes direct checks rather than committing to external venture funds.
Which sectors does Linden Capital explicitly avoid?
There is no public indication of explicit sector exclusions. The firm's observable activity clusters in real estate and early-stage technology. Late-stage growth equity, public markets, and energy or commodities do not appear in the known investment footprint, but no formal avoidance policy has been disclosed.
Where does the underlying wealth come from?
The Linden family's wealth originated from prime Berlin commercial real estate development. Principals Dr. Lutz-Peter Linden and Dr. Christian Linden built the portfolio of historic properties that now anchor the family office's asset base, per public records.
Does Linden Capital maintain any philanthropic or separate operating structures?
The Thomas Andrae Collection, a Berlin-based art holding, operates separately from the investment activities. No philanthropic foundation or DAF structure has been publicly linked to the firm. The venture arm and real estate operations are managed under the same Linden Capital entity.
Profile maintained by Altss 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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