By Oliver Smith on Friday 7 February 2020
With an average portfolio size of €480,000, Moonfare is aiming to reach €1bn in AuM next year.
Berlin-based Moonfare has helped funnel a quarter of a billion Euros from high net worth investors into private equity funds, the startup announced today.
The €250m milestone makes Moonfare among the top five German fintech by assets under management (AuM), the group claims.
Moonfare was launched in 2017 by former KKR execs Dr. Steffen Pauls and Alexander Argyros to help individual wealthy investors and wealth managers to access blue-chip private equity funds.
“Private markets are now worth ten times that of public markets, and as financial markets change rapidly through technological and regulatory disruption, private equity funds present investors with the opportunity to access outsized returns,” explains Pauls.
“As an increasing amount of value sits in private markets, and alternative investments in particular, Moonfare’s innovative offering is resonating with high net worth investors who recognise the need to diversify their portfolios.”
The company now has over 5,000 users and, with a minimum investment starting at €100,000, the platform’s average portfolio sits at €480,000.
Funds listed on the platform include those from EQT Partners AB, Cinven, KKR and The Carlyle Group.
Moonfare raised €28m last year to fuel its expansion in Europe and into Asia, and expects to surpass €1bn in AuM next year.