In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to DNX Ventures, a highly active B2B early-stage fund with offices in Tokyo and Silicon Valley. Mark Bailey, co-founder of the B5 Capital single-family office recommended DNX with the following words for us:

“We chose to invest in and work closely with DNX Ventures because of the high caliber of the team. The team is personable, bright and well connected.We also like the value proposition that DNX offers portfolio companies. In addition to being helpful in general, the DNX team has a very impressive track record of helping their portfolio companies rapidly scale their business in Japan.  Given the considerable size of the Japanese market, ramping business in Japan can significantly contribute to a company’s growth, which in turn increases shareholder value.”

We are happy to introduce DNX with such a recommendation to you and our family office network; elaborating on DNX’s investment focus and highlights from their portfolio.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

DNX: DNX is a venture capital fund that has been investing in B2B startups in the US and Japan. Our primary investment sectors include cloud and enterprise software, cybersecurity, frontier tech, fintech, and retail tech. The average initial check size is $1-5M.

FO: What are exciting companies in your portfolio – and why?

DNX: We want to highlight two firms from our portfolio.

ANDPAD (Japanese Investment): ANDPAD is a project management and collaboration tool for construction managers to communicate with subcontractors: create new projects, share key documents, communicate with construction workers, and manage progress through a mobile-first interface. Think of a souped up Slack that manages communication, schedules, reporting, mapping, project management for construction – all this on cloud. This changes the way it was done before – combination of pencil & paper, and fax – massive delays. Massive amount of hours/day spent by supervisors to just see if everything is ok.

They’ve started as a collaboration tool for residential contractors but now they are aiming to become THE cloud software for the construction industry: They are planning to expand their product line to ERP, EDI, contact management and others. In addition, they are aiming to go after a broader construction market. DNX has invested in the company as a lead investor in series A held in 2018. The company has gone through a ¥4B (~$40M) series C in 2020 adding global VCs and institutional investors on the captable. They are one of the fastest growing SaaS company in Japan accomplishing faster growth than Twilio when they were about the same stage and plan to become a Procore of Japan construction

ICEYE (US Investment): ICEYE is a leading Synthetic-Aperture Radar (SAR) data provider based in Helsinki, Finland. ICEYE designs, manufactures and operates its SAR satellites and associated constellations. Since the successful January 2018 launch of the first ICEYE SAR satellite, the company has delivered cutting edge, high spatial and temporal resolution SAR imaging services and solutions to global customers. Recently, ICEYE has demonstrated record time data deliveries of 5 minutes from the start of data downlink to having processed images available on customer systems. Its solutions are bringing efficiencies in insurance, construction, agriculture, maritime, forestry and government defense sectors.

DNX initially invested in ICEYE at their Series A round in 2017 and continued supporting the company through their Series B and C rounds. They recently announced $87M Series C funding led by True Ventures to further expand the SAR satellite constellation. To date, ICEYE has successfully launched 5 satellite missions, starting with the first ever small SAR satellite launched in January 2018. The company is launching 4 additional SAR satellites this year and is on course to launch at least an additional 8 in 2021. This will grow the existing operational constellation into a capability that is unique in the World.

One of our corporate LPs, Tokio Marine, announced their partnership with ICEYE’s flood detection technology in Dec 2020 which is a result of DNX’s initial introduction back in 2018. With ICEYE’s technology, Tokio Marine expects to significantly reduce the time to serve its customers during disasters and bring massive operational efficiencies. While developing relationships with other business prospects in Japan, ICEYE is now looking into opening up the Japan office in 2021-2022.

FO: Why should a family office invest in DNX Ventures as LP?

DNX: At the early stages of the company, DNX as an independent and institutional VC is able to do the heavy lifting of sourcing, conducting due diligence, and helping portfolio companies in their governance, hiring, customer development efforts, and reserving follow-on capital. This is particularly important in a geography like Japan, where additional cultural and language barriers make it tough for family offices to invest in the startup ecosystem directly.

DNX offers co-investment opportunities to our Investors. Once the companies are able to find product-market fit, scale their team and revenues, family offices can co-invest directly with DNX.

FO: Are you also open to investments from European family offices?

DNX: Yes. We are not limiting the potential LPs by geography at this point.

FO: Thanks for your time!


dnx ventures introduction

Headquarters: Tokyo (Japan), Silicon Valley (United States)
Website: https://www.dnx.vc


When family offices decide to allocate a part of their managed assets to venture capital, one of the most important questions is: what funds are relevant investment targets? Where can we invest as a Limited Partner (LP)? Which funds offer a reasonable risk/return ratio? Usually, family offices meet with relevant funds at conferences like SuperReturn or get introductions by their network. However, some family offices from our network asked us for an overview of interesting venture capital funds that are open to investments (from European family offices) for upcoming investments.

So, we created a unique overview of exciting VC firms that are open to LP investments from family offices and asked them 3 questions to understand their portfolio and investment thesis. We have split the VCs we talked to into three different categories: top-notch funds, established funds, and newcomer funds. Top-notch funds are well-established, had many successful exits in the past and belong to the world’s leading startup investors. Established funds are a bit younger, but still have a promising portfolio, an exciting investment thesis, and are well-connected. Newcomer funds are younger, but still have a promising approach and first exciting investments.

Insights from our interviews

In the following, we present some excerpts from the interviews with the selected venture capital firms.

Storm Ventures Family Office Introduction

What are exciting companies in the Storm Ventures portfolio?

Storm Ventures: We were the early investors in Marketo which was one of the first marketing automation SaaS companies which we ultimately helped to take public and eventually sold to Adobe. We are the early investors in Mobile Iron which is a public company (MOBL) focused on mobile security. The company recently announced that it would be sold to a private equity firm. We have several other exciting companies in the portfolio that represent substantial gains such as Talkdesk (call center saas), Algolia (search API saas) and Workato (workflow automation) and many more. We were the first or early investor in all of these companies with the same strategy. 

uvc partners venture capital family office introduction

Why should a family office invest in UVC as LP?

UVC Partners: We enjoy the preferred partnership with UnternehmerTUM, Europe’s leading center for startups and innovation. Through this ecosystem, we provide startups with a unique platform to accelerate their growth. UVC can leverage a network of over 1,000 corporate partners and 5,000 students per year at UnternehmerTUM, and thus can uniquely provide first customers and top team members and employees to start-ups. This is very attractive to founders and gives UVC a strong advantage to win competitive deals.

yabeo family office lp presentation yabeo family office lp presentation

Why should a family office invest in Yabeo as LP?

Yabeo: As a result of our active investment strategy, family offices and small institutional investors suit best for us. We understand the needs and rationals of family offices and very much welcome their support for our portfolio companies with their network and knowledge. We grant full access to our pipeline and existing portfolio companiesand also give our investors the additional benefit of overweighting a single portfolio company via our SPV structures.

seroba life sciences family office introduction lp

Briefly describe the investment focus of Seroba: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Seroba: Seroba is an early-stage investor, more European focused though with some exposure to North America. We invest in both biotech and medtech opportunities, starting with a first up to 5MEur ticket, and overall allocating 10MEur or more to each investee. Investment stage would be from pre-clinical and beyond for biotech, and closer to first-in-man and beyond for medtech.

senovo family office lp investments

Why should a family office invest in Senovo as LP?

Senovo: Europe is the perfect breeding ground for B2B Software Companies. However, specialization is crucial for outstanding returns. Our true edge is (1) a strong market positioning: with 3 previous funds, we are the European expert for early stage B2B SaaS, increasing credibility with founders and high-quality inbound dealflow, (2) we invest in category leaders across Europe – not just the best domestic player and (3) our approach is pandemic/recession proof – 2020 – a strong year for B2B SaaS, our companies remained solid and successful.

York IE: The Successful Firm That Is Reshaping The VC Model

What are exciting companies in the portfolio of York IE – and why?

York IE: We launched our investment firm because we had such a successful track record of success as angel investors. As angels, we invested in more than 60 companies and only had 4 failures. We also saw a lot of strategic exits, with many still vibrant and growing companies, including one successful IPO. Our portfolio companies are being rapidly adopted by customers and gaining significant market interest.

Overview of Venture Capital Funds that are open to LP investments

In the following, you will find an overview of all funds we talked to. When you are interested in getting in touch with the listed family offices for investments as an LP in current or upcoming funds you can contact us at ir [at] familyofficehub.io – we are happy to connect family offices to the funds.

Top-notch funds

3 Questions to Storm Ventures: Successful B2B SaaS Investor from Menlo Park
3 Questions to Seroba Life Sciences: European Biotech and Medtech Investor

Established funds

3 Questions to Senovo: Investor for Early-Stage B2B SaaS Startups
3 Questions to Yabeo: Tech Investor for “Entrepreneurial Partnerships”
3 Questions to UVC: Venture Capital for European Technology-based B2B Start-Ups

Newcomer funds

3 Questions To CoFound Partners: The VC For Enterprise Startups
3 Questions To Twenty Seven Ventures: The Rising EdTech And Future Of Work Venture
3 Questions to York IE: The Successful Firm That Is Reshaping The VC Model
3 Questions to Acrobator Ventures: The Investor In Russian-Speaking Tech Founders
3 Questions to Latin Leap Ventures: Investor For Startups In LATAM Markets
3 Questions To Unpopular Ventures: The Fund That Seeks The Uncommon Project


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to Seroba Life Sciences, a Dublin-based venture capital fund focused on biotech and medtech ventures. We decided to get in touch with Seroba due to their successful track record and their rather special focus on life science opportunities.


Familyofficehub.io: Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Seroba: Seroba is an early-stage investor, more European focused though with some exposure to North America. We invest in both biotech and medtech opportunities, starting with a first up to 5MEur ticket, and overall allocating 10MEur or more to each investee. Investment stage would be from pre-clinical and beyond for biotech, and closer to first-in-man and beyond for medtech.

Familyofficehub.io: What are exciting companies in your portfolio – and why?

Seroba: Beyond past successful exits (Apica, Covagen, Precision Biotics, Prexton, Xention, …), our current portfolio comprises exciting companies such as:

  • Atlantic Therapeutics (urinary incontinence, commercial stage)
    • Novel neuro muscular electrical stimulation device (Innovo ®) to treat a range of incontinence in women and men.
    • 47 million sufferers of urinary incontinence in USA, UK, Germany and France, representing a $4.5bn realisable market opportunity.
    • Opportunity to expand market footprint to treat faecal incontinence and sexual health.
  • Endotronix (heart failure monitoring, clinical stage)
    • The Cordella Heart Failure system combines a novel implantable pulmonary artery pressure (PAP) monitor with cloud-based care platform (myCordella) to monitor heart failure (HF) from the home, significantly reducing hospitalisation. Ongoing FDA and CE Mark trials. Close to 6 million Americans live with Heart Failure, 50% will die within 5 years of diagnosis. Over $31Bn was spent on Heart Failure in USA in 2013, set to rise to $70Bn by 2030.
  • Fusion (targeted radiopharmaceuticals, clinical stage)
    • Nasdaq: FUSN, IPOed in 06-2020; targeted oncology play that combines the potent killing effects of a radioactive with targets over-expressed in cancer tissue. Lead product in clinical testing with a robust pipeline/platform. Signed strategic corporate partnership deal with AstraZeneca.
  • Quanta (haemodialysis, commercial stage)
    • Portable haemodialysis system uniquely applicable across all dialysis segments hospital institution clinic selfcare home
    • Advancing American Kidney Health Initiative (AAKHI) launched in July, 2019, opening up the US market
    • 10 Bn$ addressable market
  • PQB (peripheral vascular disease, clinical stage)
    • Company is developing 2 devices to treat long lesions (up to 46cm) in PVD
    • PVD market is worth $7bn 2020). The Detour device converts an open surgical procedure into an endovascular, minimally invasive procedure and thus represents a new $1.3bn market (USA & EU) to treat long lesions or occlusions (>20cm)
  • Shorla (oncology specialty pharma, clinical stage)
    • Specialised on niche, short time-to-market product development opportunities, to build a portfolio of marketed drugs within a few years
  • Storm (RNA epigenetics, pre-clinical stage)
    • Pioneer and most advanced in the field, robust platform generating broad pipeline
    • Oncology focused to start with, but other therapeutic areas are being explored

Familyofficehub.io: Why should a family office invest in Seroba as LP?

Seroba: Drug and medical device industries are probably amongst the most complex and regulated. Only a specialised, experienced VC fund is able to identify the most promising opportunities and help them grow towards an exit, thanks to being immersed in the healthcare ecosystem. Investing into both biotech and medtech allows Seroba to have a holistic view as to what is best to address unmet medical needs. Seroba exploits the great science available in Western Europe, while building bridges with North America for their growth whenever relevant.

Familyofficehub.io: Thanks for your time!


seroba life sciences family office introduction lp
Headquarters: Dublin, Ireland
Website: https://www.seroba-lifesciences.com


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to UVC Partners, a Munich- and Berlin-based venture capital fund. We decided to get in touch with UVC due to their interesting B2B focus, many successful investments in the past and their proximity to the Technical University of Munich.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

UVC Partners: UVC Partners is a leading Munich and Berlin-based early-stage venture capital firm with over €225 million under management. We partner with European technology-based B2B start-ups and focus on industrial technologies, enterprise software, as well as mobility solutions. Investment ticket sizes range from €0.5 to €4 million initially and up to €15 million in total per company.

FO: What are exciting companies in your portfolio – and why?

UVC Partners: In our broad portfolio, we have many future technology and market leaders like FlixMobility, Konux and TWAICE Technologies.

FLIXMOBILITY:
FLIXMOBILITY is a Munich based mobility startup, founded by BCG alumni and supported by the entrepreneurship centers of LMU and TUM. UVC got early in touch with the startup in 2012 before market entry. Together with HV Capital, UVC was the first institutional investor in the company by providing seed financing in 2013. Thereafter, UVC was an active board member and supported the founders finding and defending valuable market positioning, while the valuation increased from €8.6 million to over €1 billion today.

KONUX:
Konux is a leading German AI scale-up, improving the network availability for railway operators. The founders graduated from TUM and were supported on different levels by UnternehmerTUM. The team participated in our TechFounder accelerator program and received the Manage&More Scholarship. Together with the US top-tier investor NEA, UVC participated in Konux’s Series A financing round in 2016 and helped the start-up to build a high profile organization as well as attract follow-on investments, resulting in a total funding amount of over $51 million.

TWAICE:
TWAICE is a promising provider of predictive analytics software for lithium-ion batteries. The founders were PhD students at TUM and signed up in UnternehmerTUM’s entrepreneurial education. UVC was an important sparring partner for the young team at a very early stage and built up a close relationship with the founders. The initial investment was made in August 2018 by UVC with Speedinvest as a co-investor. As chairman of the board UVC played an active role especially in introducing strategic partners and customers. Through hands-on introductions to established companies, we significantly accelerated the market entry and helped TWAICE to attract top talents as well as follow-on capital from top-tier investors.

FO: Why should a family office invest in UVC as LP?

UVC Partners: We enjoy the preferred partnership with UnternehmerTUM, Europe’s leading center for startups and innovation. Through this ecosystem, we provide startups with a unique platform to accelerate their growth. UVC can leverage a network of over 1,000 corporate partners and 5,000 students per year at UnternehmerTUM, and thus can uniquely provide first customers and top team members and employees to start-ups. This is very attractive to founders and gives UVC a strong advantage to win competitive deals. By leveraging our engineering and entrepreneurial backgrounds, with 70+ years of combined venture and startup experience, we grow great ideas into great businesses – and deliver high returns. UVC has a deep understanding of how to grow and scale B2B start-ups. Our UVC I performance already is ranked in the top quartile of European VC funds.

FO: Thanks for your time!


uvc partners venture capital family office introduction

Headquarter: Munich, Germany
Website: https://www.uvcpartners.com


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to Storm Ventures, a Menlo Park-based venture capital fund. We decided to get in touch with Storm Ventures due to their successful early-stage investments in Marketo or site search tool Algolia. We talked to Storm’s Managing Director Ryan Floyd.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Storm Ventures: We invest in B2B SaaS companies worldwide that have found product-market fit typically around 500K in ARR and then we help them scale to 100M+. We are experts at helping companies scale their go to market strategy as all B2B companies use similar GTM tools and techniques. We are investing out of Fund IV and have over 20 years of helping companies scale with this strategy. 

FO: What are exciting companies in your portfolio?

Storm Ventures: We were the early investors in Marketo which was one of the first marketing automation SaaS companies which we ultimately helped to take public and eventually sold to Adobe. We are the early investors in Mobile Iron which is a public company (MOBL) focused on mobile security. The company recently announced that it would be sold to a private equity firm. We have several other exciting companies in the portfolio that represent substantial gains such as Talkdesk (call center saas), Algolia (search API saas) and Workato (workflow automation) and many more. We were the first or early investor in all of these companies with the same strategy. 

FO: Why is investing in startups through Storm Ventures a good choice for family offices?

Storm Ventures: We have many family offices involved with Storm. We have consistently delivered positive returns across all of our funds even in difficult times with a strategy that we continue to improve over time. We have a small diverse investment team that is focused on returns not fees. We intentionally keep our funds <300m to optimize for returns for our LPs. We are also very large personal investors in our funds as we cannot think of many better places for us to personally invest.

FO: One last question, since many family offices from our readership are from Europe: are you also open to investments from European FOs?

Storm Ventures: We are open to family offices from Europe and currently have many European investors.

FO: Thanks for your time!


 

Storm Ventures Family Office Introduction

Headquarter: Menlo Park, United States
Website: https://www.stormventures.com


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to Yabeo, a Grünwald-based venture capital fund. We decided to get in touch with Yabeo due to their exciting flexible evergreen investment approach which offers opportunities for fund investors as well as the investment target.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Yabeo: Investment focus industries: Fin & InsurTechHealthTechCleanTechFood & AgriTechEdTech;

Investment Geography: Eurozone with focus on DACH, UK and selectively North America;

Stage: Initial entry (Pre) Series A, Series A, with follow on investments up to the exit (IPO, Trade Sale);

Ticket size: Starting from 0.3 Mio. up to 5.0. For most promising companies it can go above 5 Mio (partially via SPVs),

Investment strategy: We have an open-end (evergreen) fund structure, which grants both to us and to our investors maximum flexibility, and represents the basis of our long term investment strategy:

  • We invest when we find the right opportunity and not with committed capital
  • We exit when we believe it is the right timing, as opposed to when end of fund lifetime is due or track record for next fundraising is needed
  • We focus on trustful and longstanding investors with stable investment approach, also in times of crisis
  • We actively support our portfolio companies with our Experience, Know-How and Network, as well as our investors’
  • We actively manage synergies between our portfolio companies
  • We actively manage Cap Table 
  • We invest over the startup’s life cycle into our leading assets, irrespective of „fund duration” or stage, as we want to use our leading-edge due to longstanding relationships to founders, shareholders and other stakeholders for the selective portfolio companies. In this way, we are able to overweight good performing assets over time and participate in attractive secondary and convertible opportunities.

FO: What was your most successful investment so far?

Yabeo: Our current portfolio company CeraCare is a good example of a very successful investmentWe first invested back in 2018, as part of Series A financing round. Cera Care is a healthtech company that provides tech-enabled care in the UK. The care market is highly fragmented and lags significantly behind in digitization. We invested regularly since 2018 and increased our share via financing rounds and financially attractive secondaries. Yabeo team is in very close contact with Cera’s management and other leading investorsactively advising and supporting company’s developmentCera’s valuation nearly doubled each year, and we look forward to further support and invest in Cera in the coming years. The next challenge and big opportunity is the upcoming internationalization, where yabeo is actively involved.

FO: Why should a family office invest in Yabeo as LP?

Yabeo: As a result of our active investment strategy, family offices and small institutional investors suit best for us. We understand the needs and rationals of family offices and very much welcome their support for our portfolio companies with their network and knowledge. We grant full access to our pipeline and existing portfolio companiesand also give our investors the additional benefit of overweighting a single portfolio company via our SPV structures.

FO: Thanks for your time!


yabeo family office lp presentation yabeo family office lp presentation

 

Headquarter: Grünwald, Germany
Website: yabeo.de


In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.

In this article, we talked to Senovo, a Munich-based venture capital fund. We decided to get in touch with Senovo due to their exciting B2B SaaS investment focus.


Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?

Senovo: Senovo is an early-stage venture capital firm based in Munich and Berlin that partners with exceptional founders building global B2B SaaS category-leaders from Europe.

As European first-mover, the fund invests since 2013 into a new generation of B2B software startups which enable the digitalization of medium and large enterprises. Their focus is primarily on supporting teams working in the areas of process optimization, industry 4.0 and data-enabled solutions.

Senovo joins the journey after a company has first revenues in a late Seed or Series A round. Their team of SaaS specialists seek meaningful eye-level relationships and regularly publish their learnings and thought leadership at www.medium.com/senovovc.

FO: What are exciting companies in your portfolio?

Senovo: Among our most successful B2B SaaS companies are: Riskmethods, Anyline, Manta, and Quantilope

FO: Why should a family office invest in Senovo as LP?

Senovo: Europe is the perfect breeding ground for B2B Software Companies. However, specialization is crucial for outstanding returns. Our true edge is (1) a strong market positioning: with 3 previous funds, we are the European expert for early stage B2B SaaS, increasing credibility with founders and high-quality inbound dealflow, (2) we invest in category leaders across Europe – not just the best domestic player and (3) our approach is pandemic/recession proof – 2020 – a strong year for B2B SaaS, our companies remained solid and successful

FO: Thanks for your time!


senovo family office lp investments

Headquarter: Munich, Germany
Website: https://senovo.vc


Soon, a new bank will launch in the United Kingdom: Recognise Financial Services plans to establish a new bank for small- and medium-sized businesses. A lead investment in the amount of £25M was done by Ruth Parasols single family office RG Advisors. That’s the largest investment since the beginning of the global COVID-19 pandemic. Parasol’s family office believes in a funding gap for SME in UK, since banks will likely shy away from the funding of new ventures after the pandemic. It is expected that the new challenger bank will receive its full banking license in the following weeks. Recognise is led by CEO Jason Oakley, who was formerly a Managing Director of Commercial Banking & Mortages at Metro Bank.

Ruth Parasol Single Family Office: RG Advisors

The lead investor, RG Advisors, is the single family office of Ruth Parasol. RG Advisors is Gibraltar-based and was founded in 2004. Parasol founded PartyGaming in 1997, which was sold to Bwin Interactive in 2010. Her net worth is estimated at £780M. Through different investment vehicles, Parasol invests in technology, real estate, private equity and other asset classes.

Source: GBC, 28.10.2020
Picture Source: Michal Mrozek

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Marinya Capital, the single family office of Australian media family Fairfax, acquired farmland in Tamworth worth $23M.

Agricultural investment in south-east Queensland

The agricultural business of the Fairfax family will be called Fairglen Farms. The purpose of the venture is to invest in “large scale agricultural businesses for the Fairfax family”. The geographical focus will lie on Australia and New Zealand. Furthermore, strategic partnerships across the agricultural supply chain will be established. The first acquisition is a 990 hectare mixed-farming property in Klroi. Another investment of Fairglen was, according to The Australian Financial Review, a 88 hectare poultry farm that was acquired for $5.45M. The Fairfax family is an active player in agriculture investments and nature conservation. Besides, the company also invests in other asset classes, funds and startups like v2foods.

Source: Australian Financial Review, 28.10.2020
Picture Source: Dan Meyers

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Rosh Capital Management, an asset manager from New York, received a $600M investment from a Swiss-based single family office in order to launch a reinsurance company. Through the $600M investment, Bermuda-based Rosh Re Ltd. is initiated. The company will pursue an investment-oriented reinsurance approach. Rosh Re will provide usual reinsurance products as well as solutions to offload their balance sheets. The $600M investment is led by Ajay Kumar’s Zug-based single family office WM Holding AG. Kumar is an active industrial investor.

Source: Artemis, 28.10.2020
Picture Source: Shea Rouda

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