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This German startup which is opening access to money at the top PE firms such as KKR, Carlyle, and Silver Lake just hit $100 million in US client assets just one year after its launch

  • Moonfare Moonfare, one of the German fintech that is opening its doors to PE funds began the US operation in the month of January.
  • Its US branch is now holding 100 million worth of assets from clients.
  • CEO Steffen Pauls has announced that the business has also crossed $2 billion in assets of its global clients.
  • Moonfare, a Berlin-based financial technology firm that offers ultra-high Net-worth investors with access to multi-billion dollar private equity funds, has surpassed an important milestone just one 1 year after its US expansion.
  • The firm has reached an amount of $100 million under its assets managed in the US A spokesperson for the firm said to Insider. This news comes just after the company announced it had reached $2 billion in worldwide AUM.
  • The six-year-old startup began the US activities at New York this January with two employees headed by the director for the US firm Dimitrios Magiakos as well as support from the lead investor in its Series C Insight Partners. The company now has 15 employees working in the States and plans to increase the number of employees by the end of the year.
  • Moonfare’s US operation is among four hubs which include Berlin, London, and Singapore.
  • It’s all there.
  • Moonfare has simplified its processes due to the advancement of technology
  • Making the US an international hub was a natural choice. Without a choice of office or licenses obtaining, Pauls told Insider he decided to go ahead in October, and within a few months, he had an initial soft launch.

Making the move to the United States is a smart move. Wall Street firms are making themselves more accessible to US high-net-worth-investors through fintech and wealth-management partnerships.

A plethora of Wall Street titans have clamored to invest in iCapital, an online financial technology company which connects financial advisors and their clients with other investment options. Private equity firms such as Apollo Global Management, KKR and Blackstone have increased their wealth-management divisions as well as their distribution channels for products to provide the greater accessibility of high-net-worth investors.

Moonfare was founded in the year 2016 in 2016 by Pauls as well as Alexander Argyros, both formerly working for the private equity firm KKR. The two spent many time helping clients achieve double-digit gains on their investments in alternative ways and sought ways to give HNW investors with the same benefits.

Moonfare provides feeder funds, which are smaller , pooled investment funds that utilize the same scale to invest in the master fund. Investors can join feeder funds with an initial amount of $125,000. The minimum investment for the top fund could be as high as millions of dollars. A few from the 50+ funds that Moonfare provides access to include the Tiger Global’s $12.7 billion technology growth fund Tiger PIP XV and KKR’s North America Fund XII, that closed on April 9 at $19 billion.

The company promotes its unique technology as an advantage in the market that allows it to run more efficient. This includes reducing management fees to 0.75 percent or 0.50 percent, based on the amount invested. If the investor chose to use an institution, there could be additional charges added on the income.

The process of Moonfare’s signing up clients, which also includes Docusign which has cut down the timeframe to as little to 15 minutes.

This company is able to raise nearly 180 million dollars in capital funding. The investment firm Vitruvian Partners led its $35 million funding extension earlier in the year. In November of last year it raked in a record $125 million Series C managed by Insight Partners with participation from Fidelity International. The company also signed an exclusive distribution agreement with Moonfare.



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