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Teleios Capital Partners
Teleios Capital Partners was founded in 2013 by Maxim Bril and Adam Epstein, establishing its headquarters in Zug, Switzerland. The firm operates as an...
Teleios Capital Partners
Teleios Capital Partners was founded in 2013 by Maxim Bril and Adam Epstein, establishing its headquarters in Zug, Switzerland. The firm operates as an independent, partner-led investment manager with a concentrated, research-intensive approach to European public equities. The firm deploys capital through a long-only, concentrated value strategy across Western European mid-cap equities. Teleios builds positions in companies where it believes a valuation discount exists relative to intrinsic value, often engaging constructively with management and boards to catalyze change. Public record confirms the firm has held significant positions in companies spanning the technology, industrial, and media sectors, including Software AG, TeamViewer, and G4S. The geographic footprint centers on the DACH region, the UK, and the Nordics. Teleios runs a lean team from its Zug office. In May 2024, the firm publicly opposed the terms of Silver Lake's take-private offer for Software AG, a position that reinforced its reputation for active shareholder engagement (per Reuters, May 2024). Rather than spreading across hundreds of names, the partnership concentrates on a small portfolio, allowing deep fundamental work on each holding. Teleios's governance-engagement model distinguishes it from broader passive funds. The firm takes large minority stakes — often becoming a top-three shareholder — and uses that position to advocate for operational improvements, capital allocation changes, or strategic sales, a concentrated-activism approach that demands direct relationships with European corporate boards.
General information
Firm type
Bank / Wealth / Trust
Year founded
2013
Location
Region
North America
Country
Switzerland
City
Zug
Corporate office
Baarerstrasse 12, 6300 Zug, Switzerland
Additional offices
United Kingdom
Principals
Maxim Bril
Co-Founder & Managing Partner
Adam Epstein
Co-Founder & Managing Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Teleios Capital?
Teleios Capital does not publicly name its portfolio managers or investment committee members. The firm states it is an independent specialist manager founded in 2013, but no individual principals are listed on its website.
How does Teleios Capital source proprietary deal flow?
Teleios describes a hypothesis-driven fundamental research process combined with an engaged ownership approach. The firm builds close relationships with management teams and boards of European small- and mid-cap companies, which can lead to proprietary insight, but it does not claim a unique sourcing advantage beyond deep fundamental analysis.
Is Teleios Capital structured as a single family office or an asset manager?
Teleios Capital Partners is structured as an independent specialist investment manager, not a family office. It is authorised and regulated by both the U.S. SEC and Swiss FINMA, and it partners with a select group of institutional investors and family offices.
Does Teleios participate in fund commitments or direct deals?
Teleios manages a concentrated portfolio of European small- and mid-cap equities. It does not operate a fund-of-funds structure and does not publicly disclose direct co-investments or private deal activity outside its core equity mandate.
What investment stages does Teleios typically target?
Teleios focuses on European small- and mid-cap equities, which typically covers listed companies with market capitalisations ranging from roughly €200 million to €5 billion. The firm holds positions over multi-year periods and does not specify a stage preference within that listed equity universe.
Which sectors does Teleios explicitly avoid?
Teleios does not publicly disclose any sector exclusions. Given its focus on 'mispriced quality' in small- and mid-cap European equities, it likely avoids large-cap, mega-cap, and non-European stocks, but negative screens are not stated.
Does Teleios maintain philanthropic structures, and how are they separated?
Teleios does not publicly disclose any philanthropic foundations or charitable vehicles.
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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