Berlin, 15.07.2021 – LIQID, Europe’s leading digital wealth manager for affluent private clients, announces a € 88 million (US$ 104 million) funding round led by LGT, the global private banking and asset management group owned by the Princely House of Liechtenstein. As part of the round, which also includes participation from existing investors, LGT will take a significant minority stake in the fast-growing Fintech and support the further expansion of the company’s offer and geographic reach.
LIQID, based in Berlin, provides its affluent client base with digital access to investment strategies and opportunities previously available only to high-net-worth and institutional investors for a fraction of the traditional minimum investment. In addition to award-winning wealth management solutions, this includes professionally curated portfolios of top quartile private equity, venture capital and real estate funds. Since 2018, LIQID has doubled its assets under management every year and currently manages more than € 1.4 billion (US$ 1.7 billion) for its clients.
LGT, the family office of the Princely House of Liechtenstein, is one of the world's largest family- owned private banking and asset management groups. With a global footprint across Europe, Asia, the Middle East and Latin America, it currently manages more than CHF 240 billion (€ 223 billion) on behalf of high-net-worth and institutional clients. Beyond its deep expertise in wealth management, the group is a global leader in alternative assets and a pioneer in impact investing.
"We are delighted to add LGT to our shareholder base", said Christian Schneider-Sickert, founder and CEO of LIQID. "LIQID’s mission is to level the playing field for affluent investors through digital technology and financial innovation. LGT is not only a benchmark in private banking and asset management, but also a recognised investor in high-profile growth companies. Combined with LGT’s focus on sustainability and entrepreneurial culture, I could not think of a better fit with our strategic ambition and values. I look forward to working with LGT in establishing LIQID as the leader in European digital private banking."
"LIQID is an impressive growth story. We are convinced that delivering professional investment expertise in a contemporary digital format combined with real client focus and a commitment to quality is a business model for the future. We are very pleased to support LIQID in its expansion and expect our cooperation to provide impetus to the ongoing digitalisation of our own service offering. By working with LIQID, LGT looks forward to making its investment expertise available to a wider segment of private investors", commented H.S.H. Prince Max von und zu Liechtenstein, Chairman of LGT.
"We welcome LGT to the LIQID family and look forward to continuing on our rapid growth trajectory", added George Koulouris, Partner at London-based Toscafund Asset Management.
Following the close of the Series D round, which remains subject to regulatory approval and also includes a secondary component, LGT will become LIQID’s largest investor alongside Toscafund. Other existing investors include HQ Trust, the multi-family office of the Harald Quandt family, Project A and Dieter von Holtzbrinck Ventures.
The company was advised by Jefferies International Limited and V14, LGT by JP Morgan and Milbank.
LIQID is a Berlin-based digital wealth manager focused on affluent private clients. For a fraction of the traditional minimum investment, it offers its clients digital access to investment strategies and opportunities previously available only to high-net-worth and institutional investors. In addition to tailored wealth management from € 100,000, this includes professionally curated portfolios of top quartile private equity, venture capital and real estate funds from € 200,000. For the last three years, the company has been named Germany’s best wealth manager by the country’s leading business monthly, Capital. As of early July 2021, LIQID manages in excess of € 1.4 billion (US$ 1.7 billion) for its clients. The company is backed by investors including LGT, Toscafund Asset Management, HQ Trust, Project A and Dieter von Holtzbrinck Ventures. www.LIQID.eu
LGT is a leading international private banking and asset management group that has been fully controlled by the Liechtenstein Princely Family for over 90 years. As at 31 December 2020, LGT managed assets of CHF 240.7 billion (EUR 223 billion) for wealthy private individuals and institutional clients. LGT employs over 3800 people who work out of more than 20 locations in Europe, Asia, the Americas and the Middle East. www.LGT.com