Moravia Capital Investments

Day-to-day management sits with Norbert Stelzer, Svenja Becker and Vishesh Bali, who constitute the Management Board of MCI Alternative Partners AG. The firm has not published biographical detail on individual deal-lead or committee structures, but its supervisory board is chaired by Dr. Peter Konrad, providing a formal governance layer above the operating team. In practice, a team of this size typically decides fund commitments and co-investments by consensus among the named principals.

The group uses a holding company in South Africa, where the firm is headquartered; a German operating entity, MCI Alternative Partners AG, registered in Munich that faces clients; and a Luxembourg back office handling fund operations and administration. This tri-jurisdictional stack separates client-facing advisory, corporate domicile, and fund servicing, which may serve tax, regulatory, or LP-specific structuring goals. The precise ownership links between these entities have not been publicly detailed by the firm.

Moravia delivers private-equity exposure through three channels: a pooled fund-of-funds, segregated managed accounts run on a discretionary or non-discretionary basis, and pure advisory mandates where the client retains final decision authority. The managed-account route can include direct co-investments alongside primary fund commitments. The firm positions this menu as a way for smaller institutional LPs to replicate the portfolio-construction sophistication of much larger allocators.

The firm’s mandate spans buyout, growth equity, venture capital and secondaries, with an explicit co-investment sleeve sitting alongside primary fund selection. Moravia has not published current sector or geographic concentration limits, though the team’s own description of being pioneers of German private equity suggests a network bias toward DACH-region general partners within a global mandate. The combination of venture and secondaries in a fund-of-funds built for pension-plan clients is notable given the liquidity and return-pattern tension those strategies introduce.

No. As of mid-2026, the firm has not published an AUM or aggregate deployment figure on its website, in regulatory filings, or in any identified media report. The absence is consistent with a privately held fund-of-funds manager that is not required to report numbers publicly. Prospective LPs typically must obtain this data through direct due-diligence requests, and the lack of a disclosed number makes it difficult to assess the platform’s due-diligence resourcing and manager-access bandwidth from the outside.

The firm’s website includes ESG as a top-level navigation item, signalling that environmental, social and governance considerations are embedded in its investment process or client reporting. However, Moravia has not published an ESG policy document, a stewardship report, or specific exclusions on the public site. Investors seeking a formal ESG framework will need to request the underlying materials during operational due diligence.

Moravia explicitly targets smaller pension funds, institutional investors and single- and multi-family offices as a single audience, treating them as allocators that share a common problem: they lack the size to build dedicated private-markets teams. The firm’s solution is the same for both groups — a managed-account or fund-of-funds wrapper that bundles portfolio construction, manager selection, cashflow forecasting and ongoing monitoring. The distinction between a pension fund and a family office client lies in the mandate’s bespoke terms rather than in a separate product line.