Investing
Former UBS Banker’s New Fund Is Targeting US Startups Beset by Turmoil
- Philipp Lennertz’s multifamily office to start US venture fund
- His company oversees about $950 million of alternative assets
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Philipp Lennertz isn’t letting the recent market turmoil sway his investing focus.
The former UBS Group AG banker is starting a US venture capital fund for his namesake multifamily office after notching gains of 116% through March from another vehicle set up three years ago for technology investments in Europe, the Hamburg-based company said in a statement.