# Linden Capital

Linden Capital is a Family Office based in Chicago, Germany.

## Overview

- **Organization type:** Family Office
- **Headquarters:** Chicago, Germany
- **Region:** Europe
- **Address:** Berlin, Germany
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.lindencapital.de
- **LinkedIn:** https://www.linkedin.com/company/lindencapitalgmbh

## About

Linden Capital is a venture capital investor and investment banking boutique focused on early-stage AI and Deep Tech. The firm delivers capital raising, mergers and acquisitions, financial advisory, and strategy consulting, combining technology foresight with business model innovation. It supports founders with capital, strategic expertise, and an extensive network across transformative deep tech sectors.

## Sectors

- Real Estate
- PropTech
- Deep Tech
- Enterprise Software

## People

- Thomas Andrae — Managing Partner
- Dr. Lutz-Peter Linden — Principal, Real Estate Development
- Dr. Christian Linden — Principal, Real Estate & Family Office Operations

## 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.

### 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.

## Related profiles

- [Linden Asset](https://altss.com/profile/linden-asset)
- [Linden Lake Venture Capital](https://altss.com/profile/linden-lake-venture-capital)

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Last updated: 2026-08-11T15:07:19.634Z

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