Prime Capital

Prime Capital operates as a manager of managers, constructing and managing diversified alternative-investment programs for institutional clients. It selects underlying fund managers, blends commitments into commingled vehicles or customized mandates, and handles ongoing monitoring and reporting. The firm covers private equity, infrastructure, private credit, and absolute-return strategies. Direct co-investments are pursued on a selective basis alongside primary fund commitments.

Andreas Kalusche is the firm's CEO and leads overall strategy. Werner Goricki serves as Head of Alternative Investments with responsibility for the alternatives platform. Specific investment committee composition has not been publicly disclosed, but the firm's published leadership indicates centralized decision-making through its Frankfurt-based investment team.

Prime Capital is an asset manager that manages exclusively third-party institutional capital. It is not affiliated with a single-family fortune. Its client base consists primarily of German and European insurance companies, pension funds, banks, and other regulated institutional investors.

While its core product set resembles a fund-of-funds model, Prime Capital frequently operates as a contracted investment office — designing bespoke alternatives programs and managing them on an ongoing basis. This includes manager selection, portfolio construction, risk management, and regulatory reporting. The firm also structures regulated vehicles in Luxembourg and can incorporate co-investment overlays within client programs.

In May 2024, Prime Capital sold its Access business unit — which provided fund-administration and KYC services to asset managers — to US private-equity firm Flexpoint Ford. The divestiture allowed Prime Capital to concentrate solely on its core alternatives asset-management activities (per the firm, May 2024).

Prime Capital primarily commits to external private-equity, infrastructure, private-credit, and hedge funds. It does selectively execute co-investments alongside the underlying managers it backs. The firm's stated approach to co-investment is integrated into its fund-of-funds programs rather than operated as a standalone direct-investment practice.

The firm invests across Europe, North America, and select other OECD markets. Its infrastructure strategies target developed-market assets, while private-equity commitments concentrate on European and North American small to mid-market buyout managers. The client base is centered in Germany and the broader DACH region, with fund structures domiciled in Luxembourg.