Wachstumsfonds Deutschland

The Wachstumsfonds Deutschland ("Growth Fund Germany") is a venture capital fund of funds that provides institutional investors with attractive investment opportunities in the Venture Capital asset class. As a fund of funds, it pursues a balanced investment strategy (risk / return).

With the final closing of the Wachstumsfonds Deutschland at its EUR 1 billion target volume, a key module of the Future Fund of the German Federal Government has been realized.That makes the Wachstumsfonds Deutschland one of the largest VC funds of funds ever to be set up in Europe. It is funded primarily by private resources. Besides the Federal Government and KfW Capital as anchor investors, the fund has more than 20 major institutional investors including insurers, superannuation funds, foundations, asset managers and large family offices.

Together with other investors, the Wachstumsfonds Deutschland invests in German and international VC funds. This will significantly improve access to urgently needed growth capital for start-ups and innovative technology firms while strengthening Europe and Germany as an innovation location. The fund will be managed by the fund service platform Universal Investment Group, legal fund counsel is Clifford Chance and BNP Paribas Securities Services functions as custodian.

An innovative parallel fund structure takes into account the different risk preferences of the individual investor groups, making it possible to attract new investors to the VC asset class. The German Insurance Association (GDV) and its member companies played a key role in structuring the Wachstumsfonds Deutschland.

Stefan Wintels, Chief Executive Officer of KfW Group and Chair of the Supervisory Board of KfW Capital:

"By launching the Wachstumsfonds Deutschland, we have succeeded in setting up a marketable structure for mobilising private capital. This fund is a great example showing how the public sector and private investors can jointly bolster the VC ecosystem in Germany and Europe."

Markus Bannwart, Head of Alternative Investments & Structuring at the Universal Investment Group:

"The Wachstumsfonds Deutschland shows that private and public capital can achieve great things together. The success of this fund proves that innovative fund structures are a key to the sustainable promotion of new technologies and business models - and that institutional investors are also increasingly recognising the opportunities offered by the venture capital asset class. As a fund service platform, we are proud to support KfW Capital in the realisation of this visionary project."

Dr Jörg Goschin, CEO of KfW Capital

"The Wachstumsfonds Deutschland enables both experienced and new investors to benefit from the market expertise of the investment advisor KfW Capital as one of Europe's largest VC fund investors. Our holistic due diligence and our experienced investment team enable us to select highly attractive VC funds in Europe. Many investors have invested for the first time in the asset class of European venture capital, which has demonstrated very good performance in the past years and whose returns even exceeded those of the US market."

The structuring of the Wachstumsfonds was supported by the German Insurance Association (GDV)

Jörg Asmussen, Hauptgeschäftsführer des Gesamtverbands der Deutschen Versicherungswirtschaft

Jörg Asmussen, Managing Director at the GDV:
"I am delighted that the 'Wachstumsfonds Deutschland' has made EUR 1 billion in venture capital available for Europe and Germany as a location for innovation. The GDV and its member companies played a key role in structuring the fund."

Investors

Successful final closing with key investors

Further details about the investors

Investment strategy

Market expertise from investment advisor and flagship investor KfW Capital

More information about the investment strategy

Portfolio

A portfolio overview of the Wachstumsfonds Deutschland ('German Growth Fund').

Overview Portfolio Wachstumsfonds Deutschland

Contact Private Capital Solutions

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