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Pragma Wealth Management
Pragma Wealth Management launched in London in 2001 to structure an investment program that founder Paulino Lopez Fernandez had been running since 1994.
Pragma Wealth Management
Pragma Wealth Management launched in London in 2001 to structure an investment program that founder Paulino Lopez Fernandez had been running since 1994. The firm operates as a multi-family office, pooling capital from several families and individuals to pursue long-term wealth preservation. Unlike offices that blend direct operations with external mandates, Pragma focuses almost exclusively on alternative investments, selecting external managers rather than acquiring companies directly. The firm deploys capital across three main alternative strategies: hedge funds, private equity, and venture capital. Its portfolio construction relies on a manager-selection process that identifies, accesses, and risk-manages external investment talent. Geographic exposure concentrates on Europe, while a global alternative investment portfolio provides diversification. The firm's disclosed real-asset footprint reaches beyond the UK into Egyptian residential and commercial projects, including the Laverde New Capital and NCB Developments projects. Confirmed sector exposure includes Energy Transition & Renewables, reflecting a thematic allocation within venture capital. Pragma's operating team blends hedge fund selection and private investment oversight. Farrah Kunwar leads hedge fund investments and co-chairs Next Wave Sohn, while Emanuele Jari Tosetti manages private investments. Luigi Natale Carnelli, a director, simultaneously serves as CEO of Banque de Crédit et de Dépôts SA, giving the firm a direct tie to Swiss private banking infrastructure. The family office connects its principal relationships through the Sohn Conference Foundation, where Lopez Fernandez co-chairs the host committee — a structure that embeds the firm within a global network of asset allocators and investment managers. No recent operational event within the last 24 months was verifiable from public sources. The structural differentiator is how Pragma interlinks its investment pipeline with the Sohn Conference Foundation. The CIO and head of hedge funds hold leadership roles in the foundation, positioning the firm to access top-tier hedge fund and private equity managers through a philanthropic network. This governance model — where a multi-family office's senior operators simultaneously steer a premier investor conference — creates an unusual alignment between charitable mission and investment sourcing that most peers do not replicate.
General information
Firm type
Multi Family Office
Year founded
2001
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
1 Vere Street, London, United Kingdom
Principals
Paulino Lopez Fernandez
Managing Director and Chief Investment Officer
Emanuele Jari Tosetti
Managing Director of Private Investments
Farrah Kunwar
Head of Hedge Fund Investments
Luigi Natale Carnelli
Director and CEO of Banque de Crédit et de Dépôts SA
Georgia Garuti
Director
Sector focus
Frequently asked questions
Who runs investment decisions at Pragma Wealth Management?
Paulino Lopez Fernandez leads the firm as Managing Director and CIO, overseeing all investment activity since formalizing the family office in 2001. Farrah Kunwar runs hedge fund investments, and Emanuele Jari Tosetti manages private investments. The allocation strategy is a collective effort among this core group, integrated with the firm's broader principal network.
How does Pragma source investment opportunities?
Pragma sources primarily through its senior leadership's deep ties to the Sohn Conference Foundation, where Paulino Lopez Fernandez co-chairs the host committee and Farrah Kunwar co-chairs Next Wave Sohn. This philanthropic network provides direct access to global hedge fund and private equity managers, creating a proprietary pipeline built on long-term relationships rather than open-market searches.
Does Pragma participate in fund commitments or only direct deals?
Pragma operates overwhelmingly as a fund allocator, deploying capital into external hedge funds, private equity funds, and venture capital funds. Its model is a 'fund of funds' approach — selecting and risk-managing top-tier external managers — rather than making direct operating-company acquisitions. The firm maintains a global alternative investment portfolio to complement its European-focused real assets.
What investment stages and sectors does Pragma target?
Pragma allocates across venture capital, private equity, and hedge fund stages, focusing on external manager mandates. The firm has a confirmed thematic allocation to Energy Transition & Renewables within venture capital. Its alternative portfolio spans global markets, while European real estate and development projects in Egypt add geographic diversification to the core fund-of-funds activity.
How is Pragma related to the Sohn Conference Foundation?
Pragma's CIO Paulino Lopez Fernandez serves as Co-Chair of the Sohn Conference Foundation Host Committee, and Head of Hedge Fund Investments Farrah Kunwar co-chairs Next Wave Sohn. The foundation is a premier investor conference series that raises funds for pediatric cancer research, and Pragma's leadership roles embed the family office within a global allocator-manager network, directly informing its investment sourcing.
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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