Democratisation of Private Equity Gains Pace:

LIQID Closes € 200 Million Fund for Affluent Investors


  • Europe's largest private equity fund of funds for affluent investors
  • Growing affluent interest in alternative investments
  • LIQID Private Equity V already launched

Berlin, July 11, 2023 | LIQID successfully closes the fourth generation of its private equity offering with a record volume of € 200 million. This makes the fund Europe's largest private equity fund of funds for affluent private investors. LIQID, the bank-independent wealth manager, is moving closer and closer to its goal of democratizing high-return alternative asset classes. The fifth generation of its private equity offering has already been launched.

Compared to its predecessor fund, the fourth generation of LIQID Private Equity has grown by 30 percent. "Affluent investors have a steadily growing interest in alternative asset classes. This is demonstrated by LIQID Private Equity IV: Even outside of institutional investors and the financial elite, there is a growing awareness of the advantages of private equity. It is – after all – the asset class with the highest returns over the past three decades," says Moritz von Rhein, Managing Director and Head of Private Markets at LIQID.

This is why LIQID has now launched the fifth generation of its private equity offering. With its new fund, the asset manager continues to offer affluent investors the opportunity to invest in private equity on the same terms as smart money investors, i.e. family offices and large endowments. Through the LIQID fund offering, private investors can invest like the best institutional investors, with industry leaders such as KKR, EQT, Permira and Bridgepoint.

LIQID Private Equity focuses on buyout investments in both the US and Europe, complemented by secondary funds for accelerated cash flow. The funds also invest in Asia and may opportunistically take advantage of specific distressed and turnaround situations. In addition to the world's leading private equity managers, LIQID also includes selected niche managers, such as Nordic Capital or Rivean Capital, to gain preferred exposure to specific industries. LIQID targets a net IRR of 15 percent while offering costs comparable to an ETF. In addition to private equity, LIQID Private Markets also offers access to diversified funds of funds investing in venture capital and private real estate.

Digital and Cost-Efficient
Founded in 2016, the Berlin-based WealthTech has a clear mission: "Our goal is to provide family office level financial solutions to the people who drive and shape our collective future – essentially successful entrepreneurs, business leaders and innovators," emphasizes Christian Schneider-Sickert, CEO and founder of LIQID. "Our clients are aware of their entrepreneurial responsibility and are naturally interested in high quality entrepreneurial investments – whether in private equity or venture capital. The only thing they have lacked to date is access to the best funds. Our digital and cost-effective offering now provides them with a professionally constructed, diversified portfolio of top funds from as little as € 100,000".

LIQID's more than 8,000 clients include entrepreneurs, doctors, professionals, and executives from a variety of industries, not just the financial sector. Assets under management currently amount to approximately € 2.5 billion. More than 2,500 investors are invested in the Private Markets offering alone. In addition, LIQID offers other wealth management products, such as customized capital market strategies and the recently launched money market product.

Private equity Drives Private Markets Democratization
"Although the democratization of private equity is gaining momentum, the traditional entry barrier of €200,000 set by regulators in Germany is still too high for most private investors. At LIQID, we are therefore very excited about the upcoming changes in European regulation as they aim to lower this barrier and thus make the benefits of alternative asset classes more accessible to private investors," says Moritz von Rhein. He sees great potential in private equity: "Private equity is already several years ahead of other alternative asset classes in terms of democratization.”

LIQID continues to work actively on opening the door to other asset classes besides private equity that were previously reserved for institutional investors. Venture capital will be the next to experience democratization. The currently dried up funding from institutional investors will put VC’s focus on the retail segment. And it resonates: The story behind the asset class is what makes it so appealing. Over the past two years alone, LIQID’s clients have invested €150 million in venture capital.

About LIQID:
Based in Berlin, LIQID is a bank-independent asset manager that caters the needs of sophisticated entrepreneurs, decision-makers and doers. Currently, it manages around €2.5 billion on behalf of its clients. The company's investment strategy is based on the Smart Money Principles typical of professional investors such as family offices and endowments.

At a fraction of previous minimum investments, LIQID offers access to investment opportunities previously available only to very large estates. In addition to individual wealth management starting at € 100,000, LIQID offers access to professionally curated portfolios from the world's leading private equity, venture capital and private real estate funds starting at € 200,000.

Since 2017, the company has been ranked among the best wealth managers in Germany every year by leading business magazine Capital. The company is backed by HQ Trust, the multi-family office of the Harald Quandt family, LGT, a private bank owned by the Princely Family of Liechtenstein, London-based Toscafund and Project A, a Berlin-based venture capital fund.