Surplus Invest

Surplus Invest

ALP.X Group was founded in Munich by S.A. Lüdke, an investment professional whose career spanned UBS M&A in London, BCG's Principal Investors & Private Equity task force, and Swiss private-markets manager Partners Group. The firm launched as a development, holding, and advisory company in the real assets space, a hybrid structure that combines proprietary development capabilities with asset management and underwriting services. From its Munich headquarters, ALP.X now maintains additional offices in Berlin and Miami, reflecting a deliberate geographic pairing of German metropolitan real assets and US Sun Belt real estate. ALP.X operates three verticals — Real Estate, Infrastructure, and Corporate Growth — each of which functions both as a service provider and a principal investor. In real estate, the firm acts as developer, asset manager, and investment manager, aiming to build independent long-term holdings. Confirmed positions include a joint venture with PineBridge Benson Elliot and Fundament Advisory for a portfolio of over 1,000 period and neo-classical apartments in Berlin; a mixed-use neighborhood development in Frankfurt alongside Marco Polo Capital and OMUNITI; the advisory mandate for Timehouse Munich, a premium serviced-apartments operator; and the Cloud One Hotel & Residences development in Wynwood, Miami. US acquisition profiles extend to hospitality and mixed-use, residential and specialty office, and renewable energy infrastructure up to USD 10M. Infrastructure and Corporate Growth verticals mirror the same service-plus-holdings logic, with the latter providing board representation and corporate venture capital portfolio management. The firm lists 14 team members spanning Munich, Berlin, Miami, and New York. Partners C. Stransky-Greifensfels and Dr. F. Closset co-founded OMUNITI, a German real estate and infrastructure project developer, creating a structural link between ALP.X's advisory platform and an on-the-ground development shop. Industry advisors include R. Büschl, former CEO of the Büschl Unternehmensgruppe, one of Munich's largest project developers with 1.2 million m² of managed development area. No publicly disclosed AUM or total deployment figure exists, consistent with a firm that emphasizes service mandates and selective principal commitments over blind-pool fund management. ALP.X's structure as a development-holding-advisory hybrid is its primary differentiator. The firm does not market pooled funds or report quarterly valuations; it collects service fees, holds assets, and develops projects directly. This architecture lets ALP.X source deals through advisory mandates and development joint ventures rather than relying on intermediated auction processes. The dual presence in German core cities and select US growth markets creates a targeted cross-border pipeline that few firms of comparable headcount replicate.