Uhlmann Investment Management

Paul Uhlmann III serves as President of Uhlmann Investment Management, overseeing investment strategy and portfolio construction. He represents the third generation of the founding family to manage the capital. The office operates with a small in-house team characteristic of single-family investment platforms, allowing for centralized decision-making on direct investments and manager selection.

The office uses both approaches. It makes direct investments, primarily in real estate and select private companies, and also commits capital to external fund managers across venture capital and private equity. This hybrid model is common among single-family offices that lack the in-house sourcing teams necessary to deploy all capital directly.

Uhlmann Investment Management's private-market activity spans early-stage venture through later-stage private equity. It accesses early-stage companies both directly, particularly in the Midwest, and through external venture fund commitments. Real estate holdings tend to be long-dated, stabilized assets rather than development or ground-up construction exposure.

The office's Midwest roots and multi-generational history provide access to deal flow that differs from coastal networks. Relationships stemming from the Uhlmann Grain Company era plus Paul Uhlmann III's own business career in Kansas City create a localized sourcing advantage for regional real estate and private company investments. For venture exposure, the firm relies on external manager relationships for deal access outside its geographic base.