Moonfare is a digital investment platform that secures allocations in private equity and venture capital funds that generally have very high minimum investments or are offered only to institutional investors.[2] Moonfare, splits these investments into smaller tranches using feeder fund vehicles, and makes them available to investors at lower minimums.[3] Moonfare has offered funds with minimums of £50,000 in the UK,[4] €50,000 in Europe,[5] and $75,000 in the US[6]

Moonfare
Company type
Private
IndustryFinancial services:
Private Equity
(2016–present)
Founded2016; 10 years ago (2016)
FounderDr. Steffen Pauls
HeadquartersBerlin, Germany
Number of locations
New York City, London, Singapore, Luxembourg, Zürich, Paris [1]
Key people
  • Dr. Steffen Pauls (Co-CEO)
  • Dr. Lorenz Jüngling (Co-CEO and MD)
  • Magnus Grufman (MD)
  • Joanna Christie (CMO)
  • Marine Eugène (CCO)
  • Heike Hövekamp (CCO)
ServicesGrowth Equity Funds, Buyout Funds, Private Equity Funds, Venture Capital Funds, Secondaries, Semi-liquid Funds, Co-investments
AUMIncrease €3.8 billion (2026)
Number of employees
Increase 200 (2026)
Websitewww.moonfare.com

Moonfare operates in 24 countries[7] from its headquarters in Berlin, Germany and its offices in the UK, USA,[8] Luxembourg, Paris,[9] Zurich,[10] Singapore,[11] and Lisbon. As of 2026, the business has 200 employees.[7] The company’s investors include Insight Partners, Fidelity International, Vitruvian Partners, Bordier & Cie, ProSiebenSat.1 Media SE’s former chief executive officer Thomas Ebeling, former KKR & Co. partner Henrik Kraft and ex-BC Partners chairman Jens Reidel.[12]

History

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Moonfare was founded in 2016 by Dr. Steffen Pauls, Heinrich von Liechtenstein, and Alexander Argyros.[12]

In 2019 Alexander Argyros withdrew from his operational responsibilities.[13]

In January 2022, Moonfare launched its operation in the US and opened its NY office.[8]

In April 2022, Moonfare launched operations in Singapore.[11]

In October 2022, Moonfare launched operations in Paris[9] and Zurich.[10]

In September 2023, Marine Eugène joined Moonfare as Chief Commercial Officer.[14]

In January 16 2025, Moonfare appoints Heike Hövekamp as Chief Legal & Compliance Officer.[15]

In March 18 2026, Moonfare appoints Joanna Christie as its Chief Marketing Officer.[16]

Moonfare reached €500m in assets under management in 2020[17], €1bn in AuM in 2021[18], €1.5bn in AuM in March 2022[19], €2bn in AuM in July 2022[4], €3bn in AuM in June 2024[20], €3.7 and billion AuM in 2025.[21] As of 2026, Moonfare reports €3.8 billion in assets under management.[22]

Funding

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  • In 2019, Moonfare raised a two part Series A round with a combined cash raise of $28m.[12]
  • In March 2021, Fidelity International, a $706bn asset manager, bought a minority stake in Moonfare in a Series B financing round.[23]
  • In November 2021, Moonfare raised another $125M (approximately €105m) round in a Series C financing round led by Insight Partners and with participation of earlier investor Fidelity International.[24]
  • In March 2022, €35m were invested led by London-based Vitruvian Partners.[25]
  • In February 2023, Moonfare raised $15m in its Series C extension round.[24]

Partnerships

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  • In June 2020, German bank Berenberg partnered with Moonfare to launch a private equity fund offering for its private clients.[10]
  • In March 2021, Fidelity International formed an exclusive distribution pact with Moonfare, with an agreement focusing on institutional and wholesale clients.[26]
  • In July 2021 German liability umbrella provider Fondsdepot Bank began a partnership with Moonfare.[27]
  • In December 2021, private banking house Bordier & Cie entered into a partnership with Moonfare to boost the private equity offering for its private clients.[28]
  • In January 2021, Lexington Partners, with $52bn in committed capital, participates as a buyer of stakes in Moonfare funds, providing Moonfare fund investors with liquidity potential twice each year.[29]
  • In March 2022, investment and deposit marketplace Raisin DS partnered with Moonfare to add private equity as an asset class to its platform.[30]
  • In May 2022, Fidelity International and Moonfare expanded their exclusive strategic partnership into Asia.[31]
  • In October 2023, Moonfare partnered with Quintet Private Bank to expand private-market investment access for high-net-worth clients across Europe through Moonfare’s digital investment platform.[32]

References

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  1. "Contact". Moonfare.
  2. Espinoza, Javier (2 September 2019). "Private equity funds target the wealthy as the hunt for yield intensifies". Financial Times.
  3. "Stellar Approach from Moonfare: Democratising and Digitalising the Private Equity Industry for All". Capital Finance International. 21 July 2020.
  4. 1 2 Oliver, Joshua (7 July 2022). "Private equity platform doubles assets under management". Financial Times.
  5. Burger, Dani (16 June 2022). "Moonfare Investment Director on Private Equity Access". Bloomberg.
  6. Darbyshire, Madison (19 September 2022). "Fund managers pitch 'alts' to retail investors as institutions max out". Financial Times.
  7. 1 2 "Moonfare in numbers". Moonfare.
  8. 1 2 Burroughs, Callum (26 January 2022). "Moonfare, a startup that lets high-net-worth individuals invest in private-equity funds, is launching in the US". Business Insider.
  9. 1 2 "Capital-investissement : Moonfare ouvre un bureau à Paris". Le Figaro. 11 October 2022.
  10. 1 2 3 Horfsfall, Fergus (4 July 2022). "Private markets firm opens Swiss office to target wealth managers". Citywire.
  11. 1 2 Chan, Cathy (28 April 2022). "PE Firm Moonfare Picks Singapore Over Hong Kong as Asia Hub". Bloomberg.
  12. 1 2 3 Syed, Sarah (12 April 2019). "Startup Moonfare Raises $28 Million to Help Wealthy Invest in Private Equity Funds". Bloomberg.
  13. Schlenk, Caspar Tobias (19 December 2019). "Former N26 product manager joins Moonfare". Finance FWD.
  14. Sidhika, Anika (11 September 2023). "Moonfare names a chief commercial officer". Private Banker International.
  15. "Moonfare appoints Heike Hövekamp as Chief Legal & Compliance Officer". Moonfare. 16 January 2025.
  16. "Moonfare appoints Joanna Christie as its Chief Marketing Officer to support next phase of growth". Moonfare. 18 March 2026.
  17. Brandes, Wolf (15 March 2021). "Finanzdienstleister geben Zugang zu Privatanlagen". Börsen-Zeitung.
  18. Tattersall, Michael (3 November 2021). "Moonfare's $125M raise underscores appeal of private markets to individual investors". Insider Intelligence.
  19. Dowd, Kevin (26 January 2022). "Move Over, Merrill: A KKR Alum's Startup Gives Wealthy Investors Direct Online Access To PE Funds On The Cheap". Forbes.
  20. Heath, Ian (6 June 2024). "Moonfare hits €3bn AUM mark for first time". CityWire.
  21. "Moonfare in numbers". Moonfare.
  22. "Moonfare in numbers". Moonfare.
  23. Agnew, Harriet (20 June 2022). "Traditional asset managers race to expand private investment alternatives". Financial Times.
  24. 1 2 Burroughs, Callum (8 February 2023). "Check out the 11-slide pitch deck Moonfare, a startup that lets high-net-worth individuals invest in private equity funds, used to raise a $15 million extension". Business Insider.
  25. Robertson, Benjamin (28 March 2022). "Private Equity Platform Moonfare Gets Backing From Vitruvian". Bloomberg Law.
  26. Ricketts, David (11 March 2021). "Fidelity partners with Berlin fintech for private markets push". Financial News.
  27. Schrader, Jan (5 November 2021). "Ebase-Eignerin FNZ erwirbt Fondsdepot Bank". Börsen-Zeitung.
  28. Ruche, Sébastien (9 December 2021). "Ces plateformes qui démocratisent l'accès au private equity". Le Temps.
  29. Förster, Jan-Henrik (26 January 2021). "Private Equity Startup Enlists Lexington to Draw Wealthy Clients" (PDF). Bloomberg.
  30. Barth, Ulrike (23 March 2022). "Raisin macht jetzt auch in Private Equity". Finanz Business.
  31. "Fidelity International". www.fidelity.com.sg. Retrieved 2026-05-13.
  32. "Quintet Private Bank and Moonfare partner to expand private-market access". www.quintet.com. Retrieved 2026-05-13.