# Palero Capital

Palero Capital is an Asset Manager based in Munich, Germany.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Munich, Germany
- **Region:** Europe
- **Address:** Munich, Germany
- **Founded:** 2009
- **Assets under management:** Undisclosed
- **Website:** palero-capital.de
- **LinkedIn:** https://www.linkedin.com/company/palero-capital-gmbh

## Regulatory record

- **Reports private funds:** No

## About

Palero is a private equity firm based in Luxembourg. Founded in 2010, it is also headquartered in Munich, Germany. The firm invests in sectors including marketing and distribution, supply chain, cost management, and finance.

## Sectors

- Enterprise Software
- Industrial Tech
- Media & Entertainment

## People

- Florian Schick — Managing Partner
- Felix Schick — Managing Partner

## Questions

### Who runs investment decisions at Palero Capital?

Managing partners Florian Schick and Felix Schick hold investment authority. The firm does not have an external investment committee. Both partners are directly involved in sourcing, diligence, and post-acquisition operational oversight.

### How does Palero Capital source proprietary deal flow?

Palero sources deals through direct relationships with German Mittelstand owners, corporate development teams at DAX and MDAX companies, and insolvency administrators. The firm's permanent-capital structure allows it to pursue carve-outs that require immediate operational buildout, a complexity that deters many conventional buyers.

### Does Palero Capital raise traditional private equity funds?

No. Palero invests from a permanent-capital base rather than raising successive blind-pool funds. This means assets are not subject to a fixed hold period or forced exit timeline, which the firm argues is essential for operational turnarounds that can take five to ten years.

### What investment stages does Palero Capital typically target?

Palero targets established but underperforming businesses with €10–50 million in revenue. These are not early-stage ventures — the firm looks for companies with a proven product or market position that require operational restructuring, management changes, or carve-out from a corporate parent.

### Which sectors does Palero Capital explicitly avoid?

Palero has not publicly disclosed exclusion lists, but its deal history and operations expertise point toward enterprise software, industrial technology, and media. The firm avoids sectors where its operational playbook does not apply — namely biotech, financial services, and heavy infrastructure that requires capex-intensive turnarounds.

### How is Palero Capital different from a typical German small-cap private equity firm?

The structural differentiator is permanent capital. Most German small-cap buyout firms operate 10-year closed-end funds; Palero's single balance sheet gives it indefinite hold periods. This lets the firm install management, rebuild systems, and exit only when the turnaround is complete, rather than when a fund's term expires.

## Related profiles

- [Pale Fire Capital](https://altss.com/profile/pale-fire-capital)
- [Palette Ventures](https://altss.com/profile/palette-ventures)

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Last updated: 2026-06-03T20:00:00.000Z

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