List of the 100 largest Multi Family Offices Germany [2025 Update]

List of 3 large German multi family offices

The German multifamily office market is growing, as many wealthy families either open their own family offices or rely on third-party money managers instead of traditional banks. Most German multi family offices are centered around the wealth-hotspots, such as Frankfurt, Munich and Hamburg. In the following, we present three important German multi family offices.

1. HQ Trust (Bad Homburg v.d.H.)

The German family of Harald Quandt accumulated a massive amount of wealth in the years after the second world war. From 1973 on, the family started to divest its industrial assets. In 1981, the Harald Quandt Holding was established a a single family office, which in turn was opened to other families in 1988 as multi family office. HQ Trust in its form today was established in 2006, being today a leading multi family office. The family office is active in traditional asset classes like equity and funds as well as alternative investments like private debt, real estate, private equity and hedge funds.

Update 2023: In February 2023, the German multi family office HQ Trust announced the opening of another office location in Berlin. The new location will be especially targeted at successful startup founders.

Update 2024: In the beginning of the year, the family office from Bad Homburg decided to reduce their executive team to just two members.

2. Focam AG (Frankfurt)

Another renowned multi family office in Germany is the Frankfurt-based Focam AG. The family office, led by Christian Freiherr von Bechtolsheim, was established in 1999. It’s active in Asset Management and mainly invests through trusted third-party managers. The services of FOCAM range from tactical asset allocation to investment research and reporting tasks. The firm calls itself “Trusted Advisor” – and has managed to win mandates of dozens of entrepreneurial families throughout the years.

3. Pamera Real Estate Partners (Munich)

A different approach for wealthy German families is offered by Pamera: the Munich-based firm acts as a real estate multi family office. For its clients, Pamera builds up real estate portfolios consisting of residential, office, hotel and retail properties. Furthermore, Pamera is active in real estate development and mezzanine capital. So far, Pamera is managing more than 40 properties and €850 million of assets. The track record of the German real estate investor exceeds €1.4 billion.

Update 2023:Pamera announced that it increased during 2022 its assets under management to €1.5BN. Thereby, the German real estate multi family office increased its assets by 25% YoY.

Picture source: Matteo Krössler

German Family Wealth Management Firms

In Germany, multi family offices are playing a vital role in the country’s asset management landscape. Many wealthy entrepreneurial families are relying on multi family offices, which are pooling the assets of multiple families. Investments are done through external asset manager, own funds or alternative investments.