Family office Lennertz & Co. is raising a new fund to take advantage of investment opportunities created by recent market volatility and depressed valuations.
Lennertz, which was founded by former UBS Group AG banker Philipp Lennertz, has collected nearly €20 million so far, or about $20 million, for its third European private-equity fund, Lennertz & Co. PE Europe III GmbH, according to Oksana Tiedt, head of fund investment for the firm. Located in Hamburg, Germany, Lennertz began collecting commitments for the new fund in…
Source: https://www.wsj.com/articles/german-family-office-lennertz-raises-third-european-private-equity-fund-of-funds-11668109507?siteid=yhoof2&yptr=yahoo