# Toledo Capital AG

Toledo Capital AG is a Multi Family Office based in Zurich, Switzerland.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Zurich, Switzerland
- **Region:** Europe
- **Address:** Zurich, Switzerland
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** toledocapital.ch
- **LinkedIn:** https://ch.linkedin.com/company/toledo-capital-ag-multi-family-office

## Regulatory record

- **Reports private funds:** No

## About

Toledo Capital AG was established in 2010 by Milton Toledo in Zurich. The firm operates as a regulated multi-family office serving clients worldwide with conflict-free advice. Portfolios span private equity, real estate, hedge funds, commodities and digital assets. Confirmed holdings include a Berlin residential portfolio in Mitte, Friedrichshain-Kreuzberg, Tempelhof-Schöneberg and Neukölln plus a second Berlin mixed-use portfolio. The firm also maintains a diversified crypto allocation and a global hedge-funds basket. Geographic reach covers Europe, North America and the Middle East & Central Asia. Investment stages include early stage, late stage and pre-IPO opportunities. Team size and total deployment figures remain undisclosed. The firm holds no additional offices beyond its Zurich headquarters. It participates in the Aquila Group professional network and adheres to FINMA oversight. Governance separates client mandates from the principals' external roles, including Adina Krausz's leadership of InnoSource Ventures AG and Ronny Pifko's position at BlueRock Group.

## Sectors

- Healthcare Services
- ClimateTech
- Digital Health
- AgriTech & FoodTech
- Industrial Tech
- Energy Transition & Renewables
- Circular Economy

## People

- Milton Toledo — Founder and CEO
- Adina Krausz — Board Member
- Ronny Pifko — Business Partner
- Andreas Nemeth — Investment professional and partner

## Questions

### Who runs investment decisions at Toledo Capital AG?

Milton Toledo serves as founder and CEO. Andreas Nemeth acts as investment professional and partner. The firm states that a multilingual team structures portfolios and oversees risk.

### Does Toledo Capital AG participate in fund commitments or only direct deals?

The firm executes direct co-investments and SPVs alongside hedge-fund allocations and real-estate holdings. It also maintains a diversified crypto portfolio.

### What investment stages does Toledo Capital AG typically target?

Confirmed stages include early stage, late stage and pre-IPO. The firm invests across private equity, startups and real estate.

### Where does Toledo Capital AG maintain investment exposure?

Geographic focus covers Europe, North America and the Middle East & Central Asia. Real-estate positions are concentrated in Berlin districts.

### How is Toledo Capital AG related to the Aquila Group?

The firm is a member of the Aquila network of independent Swiss asset managers while remaining separately regulated by FINMA.

## Related profiles

- [TNN Capital](https://altss.com/profile/tnn-capital)
- [Tomini Group](https://altss.com/profile/tomini-group)

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Last updated: 2026-07-06T00:39:11.557Z

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