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 Quandt family amassed a considerable fortune in the years following the Second World War. From 1973 onwards, the family began to sell off its industrial assets. In 1981, Harald Quandt Holding was established as a single-family office and was opened to other families in 1988, becoming a multi-family office. HQ Trust, in its current form, was founded in 2006 and has become a leading German multi-family office. HQ Trust is active in traditional asset classes such as equities and funds, as well as alternative investments such as private debt, real estate, private equity, and hedge funds. HQ Trust has had an additional office in Berlin since February 2023.

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 from 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 90 properties with a volume of over USD 2.1 billion. The track record of the German real estate investor exceeds €1.4 billion.

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 pool the assets of multiple families. Investments are made through an external asset manager, own funds, or alternative investments.

Included data points in our Scandinavian Multi-family office list

• Company data (Company name, Legal form, Country of origin)
• Contact details (URL, address, e-mail, telephone number, executives)*
• Assets under Management (in Mio. EUR) [if available]
• Primary focus of activities (Consulting, Asset Management, Bank Affiliated)
• Activities in the real estate sector (Yes/No)
• Other Notable Focus (Private Equity, Concierge Services, etc.)
• Further information (Date of entry creation, last check and last update)

Picture source: Matteo Krössler,  Christian Wiediger via Unsplash