Top Family Offices in Stuttgart 2026

Key Facts About Stuttgart's Family Office Market

• Approximately 7 to 10 family offices operate in the Stuttgart metropolitan area, making it one of southern Germany's key hubs for privately managed wealth.
• THI Investments leads the market with over €1.8 billion in assets under management (AUM), the largest confirmed figure among Stuttgart-based offices.
• The market skews toward single family offices (SFOs), with at least five SFOs compared to four multi-family offices (MFOs) serving multiple clients.
• Stuttgart's family office wealth originates mainly from Mittelstand industrial sales, including automotive, manufacturing, e-commerce, and publishing fortunes.
• Glogger & Partner Vermögensverwaltung manages roughly €700 million group-wide, ranking it among the region's larger MFO platforms.
• Capital deployment spans healthcare, education, real estate, industrials, consumer internet, and fintech, with growing allocations to AI and venture capital funds.
• Cross-border deal flow is common. Stuttgart offices invest in the DACH region, the UK, the US, and South-East Asia.

Family Offices in Stuttgart: Landscape Overview

Stuttgart owes its family office density to Baden-Württemberg's industrial heritage. Automotive, engineering, and manufacturing dynasties built fortunes through Mittelstand companies, then formalized wealth management after divesting those businesses. The Hagenmeyer family sold gearbox maker Getrag to Magna for €1.75 billion in 2015 and launched THI Investments a year later.

Rene Marius Köhler founded the Internetstores Group, the global leader in bike e-commerce, before establishing Koehler Group as his single family office. This pattern of entrepreneurial exit followed by family office formation distinguishes Stuttgart from Munich or Frankfurt. In those cities, financial-sector wealth and old-money banking fortunes are more common. Stuttgart's offices tend to retain an operator mentality, deploying permanent capital from their own balance sheets into sectors they know firsthand.

The MFO segment is expanding. Wealthgate, SDF Süddeutsche Family Office AG, and Glogger & Partner all serve multiple ultra-high-net-worth (UHNW) families from Stuttgart. BW-Bank Family Office offers institutional-grade services including foundation management and M&A advisory.

MSR Family Office, a founding member of the German Association of Independent Family Offices (VuFO), operates from nearby Bad Waldsee with a fee-only model. Germany hosts an estimated 500 to 700 SFOs nationally. Stuttgart's growing share reflects the broader trend of industrial families professionalizing their wealth operations.

Family Office Comparison at a Glance

The table below summarizes all identified offices in the Stuttgart and Baden-Württemberg region, sorted by confirmed AUM where available.

Family Office	Type	AUM Estimate	Investment Focus	Key Services	Location
THI Investments	SFO	>€1.8B	Healthcare, industrials, education, business services	Private equity, real estate, venture capital, capital markets	Stuttgart
Glogger & Partner	MFO	€700M (group)	Fundamental-value asset management	Asset management, succession planning, family office services	Stuttgart
Zukunftsfonds Heilbronn	SFO	~$200M (PE)	Diversified (16 portfolio companies)	Private equity	Heilbronn
Koehler Group	SFO	—	Consumer internet, fintech, e-commerce, real estate	Equities, real estate, VC/PE fund commitments	Stuttgart
GJOLEKA Group	SFO	—	Real estate, trades/Handwerk, private equity	Direct investments, property development, buy-and-build	Stuttgart
Von Holtzbrinck Family Office	SFO	—	Media, science, education, AI/technology	Strategic investments	Stuttgart
Nanz Handelsimmobilien	SFO	—	Real estate, private equity, alternative assets	Direct ownership, generational oversight	Stuttgart
SDF Süddeutsche Family Office AG	MFO	—	Holistic asset management, real estate	Strategic asset planning, controlling, reporting	Stuttgart
Wealthgate	MFO	—	Wealth management, investment advisory	Wealth management, succession planning, strategic allocation	Stuttgart
BW-Bank Family Office	MFO	—	Complex family asset structures, foundations	M&A advisory, foundation management, financing, real estate	Stuttgart
MSR Family Office	MFO	—	Total wealth management, real estate, securities	Succession planning, family strategy, proprietor representation	Bad Waldsee

Only three offices disclose AUM figures, a reflection of the discretion typical in Germany's family office culture. SFOs outnumber MFOs, and most offices concentrate on real estate and direct investments rather than fund-of-funds models.

Top Picks by Strategy

• Largest AUM: THI Investments, with over €1.8 billion deployed from the Hagenmeyer family's Getrag sale proceeds into healthcare, education, and industrials.
• Top Real Estate Allocator: GJOLEKA Group, which holds 31 properties in Stuttgart and Karlsruhe and renovates residential buildings to KfW energy-efficiency standards.
• Strongest MFO Platform: Glogger & Partner, managing €700 million group-wide with a focus on disciplined fundamental-value investing and cross-generational planning.
• Best for Tech and VC Exposure: Koehler Group, with 10 known venture capital and private equity fund commitments in the US and Europe, plus direct stakes in consumer internet and fintech companies.
• Broadest Service Range: BW-Bank Family Office, combining M&A advisory, foundation management, and financing alongside traditional wealth management.
• Leading Holistic Wealth Manager: SDF Süddeutsche Family Office AG, offering strategic asset planning, asset controlling, and reporting under one MFO roof.
• Best for Trades and Handwerk Roll-Ups: GJOLEKA Group, which acquired Pererano GmbH (€6 million revenue, 28 employees) in 2025 and Adolf Philipp GmbH (€7 million revenue, 20 employees) in 2024.

Top Family Offices in Stuttgart in Detail

THI Investments

The dominant private equity force in Stuttgart's family office market, THI Investments manages over €1.8 billion from offices in Stuttgart, Munich, and London. The Hagenmeyer family built this platform after selling Getrag, a gearbox manufacturer employing 14,000 people, to Magna for €1.75 billion in 2015. THI deploys patient capital from its own balance sheet into European middle market companies, targeting enterprise values of €30 million to €200 million.

Its portfolio spans healthcare, education, industrials, and business services. In 2025, THI acquired a majority stake in Empowering Learning Group. In 2024, it exited Corndel to Galileo Global Education. Other holdings include Oxford International Education Group, apo.com Group, and logistics firm WJ Group.

Koehler Group

Tech entrepreneurs seeking a wealth platform built by a founder will recognize Koehler Group's DNA. Rene Marius Köhler created the Internetstores Group, the world's leading bike e-commerce platform, before establishing this SFO in 2017. The office invests in consumer internet, fintech, and e-commerce companies in Europe, the US, and South-East Asia.

It also holds logistics, office, and residential properties in the Stuttgart metropolitan region. Koehler Group has made 10 known fund commitments to leading US and European venture capital and private equity managers. In July 2020, the office launched a UCITS equity fund investing in global internet and technology corporations.

GJOLEKA Group

No other Stuttgart private wealth office blends real estate development with skilled-trades roll-ups the way GJOLEKA Group does. The firm holds over 50 investments and 31 properties, combining family business thinking with a private equity execution model. Its real estate arm renovates residential buildings in Stuttgart and Karlsruhe to KfW energy-efficiency standards, including KfW 70EE and KfW-Denkmal certifications.

On the operating side, GJOLEKA acquired Pererano GmbH (28 employees, ~€6 million revenue) in 2025 and Adolf Philipp GmbH (20 employees, ~€7 million revenue) in 2024. It also took part in the fahrrad.de Bikester asset deal and acquired a portfolio company from EQT Mid Market in 2023.

Von Holtzbrinck Family Office

The Von Holtzbrinck family controls one of Germany's most influential publishing groups, spanning science, education, and media. Their Stuttgart-based wealth office channels this expertise into allocations at the intersection of content and technology. The office launched an AI Hub in San Francisco, signaling early conviction in artificial intelligence well ahead of most European family offices.

Families with generational wealth in media and publishing will find strong sector alignment here. While AUM figures remain undisclosed, the Holtzbrinck Publishing Group's scale suggests substantial assets behind this SFO's operations.

Wealthgate

Stuttgart families seeking independent, multi-family office services without a bank affiliation should evaluate Wealthgate. This MFO offers wealth management, succession planning, and strategic allocation from its Stuttgart base. Its model centers on aligning decisions with each family's long-term goals rather than distributing proprietary products.

Wealthgate fills a gap in the Stuttgart market between large bank-affiliated platforms and SFOs that serve only their founding families. For UHNW families who want professional management but prefer a lean office structure, Wealthgate provides shared systems with customized strategy.

SDF Süddeutsche Family Office AG

Families needing rigorous asset controlling and reporting should consider SDF AG. This Stuttgart MFO delivers strategic asset planning, portfolio controlling, and real estate asset management as integrated services. Its approach treats capital oversight and operational management as one discipline, not separate departments.

SDF's model suits families with complex asset structures that span real estate, financial portfolios, and operating businesses. It addresses a common pain point among wealthy German families: fragmented data from multiple banks and custodians. SDF consolidates this into a single view.

Glogger & Partner Vermögensverwaltung

With roughly €700 million in managed assets group-wide, Glogger & Partner ranks among the larger independent wealth managers in the Stuttgart region. The firm provides private and institutional asset management built on disciplined fundamental-value principles. Cross-generational succession planning is a core offering, positioning it for families navigating wealth transfer.

Its dual focus on private and institutional clients gives it scale advantages that smaller MFOs lack. Families seeking a manager with institutional resources but the flexibility of an independent firm will find Glogger's structure well suited to long-term partnerships.

Investment Trends Shaping Stuttgart's Wealth Management Market

Mittelstand Divestitures Fueling New Family Offices

Industrial families in Baden-Württemberg are increasingly converting business exits into formal wealth management structures. THI Investments exemplifies this pattern: the Hagenmeyer family's €1.75 billion Getrag sale in 2015 became the foundation for a multi-sector platform. As more Mittelstand founders reach retirement age, similar office formations are likely in the Stuttgart region.

Direct Investments in European Mid-Market

Stuttgart SFOs prefer deploying balance sheet capital directly rather than allocating to third-party funds. THI Investments writes equity tickets of €20 million to €100 million for 25% to 100% stakes in European companies. GJOLEKA Group takes full ownership of trades businesses. This hands-on approach reflects the operator mentality inherited from running manufacturing and engineering firms.

Residential Real Estate with Energy-Efficiency Standards

GJOLEKA Group renovates residential properties in Stuttgart and Karlsruhe to KfW 70EE and KfW-Denkmal standards, aligning capital returns with Germany's energy-efficiency mandates. This strategy creates ESG-compliant assets while benefiting from government-backed renovation incentives. Koehler Group also manages residential and commercial real estate in the DACH region with a focus on sustainability.

Technology and Venture Capital Exposure

Koehler Group has made 10 known fund commitments to US and European venture capital managers, and its direct portfolio targets consumer internet and fintech companies. Von Holtzbrinck Family Office opened an AI Hub in San Francisco, placing a strategic bet on artificial intelligence. Both offices illustrate Stuttgart's pivot from purely industrial allocation toward technology-forward capital deployment.

Trades and Handwerk Roll-Ups

GJOLEKA Group's buy-and-build strategy in traditional German trades businesses is unique to Baden-Württemberg's economic fabric. The firm acquired Pererano GmbH and Adolf Philipp GmbH in 2024 and 2025, both skilled-trades companies with revenues between €6 million and €7 million. This approach combines family business stewardship with private equity discipline, targeting a fragmented sector where aging owners seek succession solutions.

How to Evaluate Family Offices in This Market

VuFO membership is the strongest trust signal for Stuttgart families evaluating multi-family offices. MSR Family Office is a founding member of the German Association of Independent Family Offices, which requires fee-based remuneration and freedom from product-provider conflicts. Treat any Stuttgart MFO that earns commissions from product sales rather than charging flat fees with caution.

Independence matters more here than in larger markets like London or New York. Bank-affiliated platforms such as BW-Bank Family Office offer broad services but may prioritize proprietary products. Independent firms like Wealthgate and Glogger & Partner operate without these constraints. Families should ask directly whether advisors receive commissions from any product they recommend.

For SFOs like THI Investments and GJOLEKA Group that invest their own capital, the evaluation benchmark shifts to portfolio company performance. THI's exit of Corndel to Galileo Global Education in 2024 and GJOLEKA's growing trades portfolio provide verifiable track records. Families considering co-investment alongside these offices should request detailed returns data on past direct deals.

German family offices are very private, and Stuttgart offices are no exception. Approaching through VuFO or independent wealth databases is often the most effective path. Cold outreach rarely succeeds in this market. Families should also verify reporting quality, as opaque performance updates remain a common red flag.

Which Family Office Fits Your Needs?

UHNW industrial families who have recently sold a Mittelstand business can model their own SFO on what THI Investments or Koehler Group built post-exit. Those who prefer outsourcing wealth management should evaluate Glogger & Partner's €700 million platform. SDF AG's asset controlling and reporting services offer another strong alternative for families who want expert oversight without building an in-house team.

Business owners focused on succession planning and long-term family governance will benefit from Wealthgate's advisory model or MSR Family Office's cross-generational strategy expertise. Both operate independently and charge on a fee-only basis, removing conflicts that can undermine trust during sensitive family transitions.

Next-generation wealth holders drawn to technology and venture capital should look closely at Koehler Group's fintech and consumer internet portfolio. Von Holtzbrinck's AI-focused allocation offers another path into tech. Real estate-focused families have strong options in GJOLEKA Group's residential renovation platform and Nanz Handelsimmobilien's long-term property management. For families needing the broadest service range (M&A advisory, foundation management, and financing), BW-Bank Family Office delivers institutional depth from within Stuttgart.

Methodology

This guide to family offices stuttgart draws on publicly available data from office websites, industry databases, wealth research platforms, and public filings. VuFO membership records and independent research listings were cross-referenced to verify independence and office type.

Selection criteria required a verified Stuttgart or Baden-Württemberg presence, identifiable portfolio activity, and at least some publicly available information. Office profiles reflect data current as of 2025 and early 2026. AUM figures remain undisclosed for most offices due to the discretion that defines Germany's family office culture. Only confirmed figures from official sources appear in this article.