Moonfare appoints chief financial officer as co-CEO

Private equity investment platform Moonfare has promoted Lorenz Jüngling to co-CEO alongside founder, chairman and current CEO Steffen Pauls.

Jüngling, who joined Moonfare in 2019, was previously managing director, chief operating and chief financial officer, and has transitioned to co-CEO and managing director.

He currently oversees the company’s research and development, finance, operations and compliance functions, and served as chief financial officer at fintech unicorn N26 before joining Moonfare.

“I’ve developed a real respect for, trust in, and friendship with Lorenz over the nearly five years we’ve worked together,” Pauls said.

“His intelligence, 360-degree perspective, and uniquely entrepreneurial approach to the technical aspects of broadening private market access dovetails neatly with my own strengths. 

“This move will unlock meaningful efficiencies for us and prove invaluable to the next phase of Moonfare’s growth.” 

Pauls said it was a “natural fit” for the way Moonfare works as a team and as a company to transition to a co-CEO model, with “clear opportunities” to unlock value from the new structure.

“Steffen [Pauls] and I have complementary skillsets, but share the same values,” Jüngling said.

“We both believe that a company should leave the world in a better state than it found it, and for us making high-quality investment opportunities accessible to our customers does exactly that.”