# Rising Star AG

Rising Star AG is a Multi Family Office based in Schindellegi, Switzerland.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Schindellegi, Switzerland
- **Region:** Europe
- **Address:** Schindellegi, Switzerland
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** risingstar.ch
- **LinkedIn:** https://bd.linkedin.com/company/rising-star

## Regulatory record

- **Reports private funds:** No

## About

Rising Star AG was established in 2001 by Frank A. Erhard. It began as the steward for the Keller family, a southern German industrial dynasty, and later opened its platform to additional European families, entrepreneurs and trusts. The firm commits capital through fund-of-funds vehicles, direct co-investments and SPVs. Its STAR Private Equity series targets North America, Central and Eastern Europe, Asia Pacific and Latin America. The STAR Value series holds global real-estate assets. Confirmed co-investors include the European Bank for Reconstruction and Development and members of the Keller family. The firm also allocates to hedge funds and secondaries. More than $1 billion has been deployed since inception. The firm maintains its headquarters in Schindellegi, Switzerland, and works with distribution partners across German-speaking markets. Virginia Keller-Volpez serves as Managing Director and Board Member, representing the founding family. No additional offices or headcount figures are disclosed. Rising Star structures its programs so that participating families invest alongside the same external managers chosen for the Keller family and the EBRD. This shared-vehicle approach creates a single governance layer across multiple family mandates without creating a public fund platform.

## Sectors

- Private Equity
- Real Estate

## People

- Frank A. Erhard — Founder
- Virginia Keller-Volpez — Managing Director and Board Member

## Questions

### Who runs investment decisions at Rising Star AG?

Frank A. Erhard founded the firm and sets overall direction. Virginia Keller-Volpez serves as Managing Director and Board Member and represents the founding family on investment matters.

### How does Rising Star AG source proprietary deal flow?

The firm selects external private-equity and real-estate managers on a mandate-by-mandate basis. It structures co-investments that allow its client families to participate alongside the EBRD and other institutions in the same vehicles.

### Is Rising Star AG structured as a single family office or does it operate more like a venture firm?

It functions as a multi-family office. It manages capital for the Keller family and additional European families through closed-end participation programs rather than direct venture-stage investments.

### Does Rising Star AG participate in fund commitments or only direct deals?

It runs both. The STAR Private Equity series makes primary fund commitments while also offering co-investment SPVs alongside selected managers.

### What investment stages does Rising Star AG typically target?

The firm targets special situations and venture capital through its private-equity programs and holds developed and income-producing real estate through its STAR Value series.

### What is Rising Star AG's known posture on co-investments alongside external GPs?

It structures participation programs that allow its families to invest side-by-side with the EBRD and other institutions in the same underlying private-equity and real-estate deals.

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Last updated: 2026-08-10T15:54:10.904Z

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