Wermuth Asset Management
Also known as WAM, Wermuth Asset Management GmbH, Green Growth Fund 2, GGF2, Green Gateway Fund
Berlin family office and BaFin-regulated investment adviser (incubated 1999) running green growth-stage PE funds (GGF1, GGF2) and climate impact strategies with outside investors.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- HEADQUARTERS
- Berlin, Germany
- FOUNDED
- 1999
- OUTSIDE CAPITAL
- Yes — also manages others' money
Investment approach
- GEOGRAPHY
- EuropeGermanySwedenDenmarkNorwayFinland
- STAGES
- Growth
- ROUTES
- Companies (own capital)
- STRATEGIES
- Private equityImpactPublic equities
- TICKET
- €5M–€30M
- INBOUND
- Accepts submissions
Overview
Wermuth Asset Management (WAM) in Berlin describes itself as a German family office and BaFin-regulated investment adviser; incubated as a family office in 1999, it has evolved into an asset manager that invests its own money alongside that of other investors. Its first fund, launched in March 1998, delivered a 13x gross return by March 2008. It now focuses on growth-stage private equity in the 'green industrial revolution': the Green Gateway Fund (GGF1) invested €5–30m per company in energy and resource-efficiency firms in Western Europe between 2013 and 2016, and Green Growth Fund 2 (GGF2) targets EU growth companies, mainly in Germany and the Nordics, with €5–30m across several rounds. It also co-founded the Climate Endowment Group, runs listed investment strategies and forestry activities, and hosts the Berlin Green Investment Summit.
Investment thesis
GGF2 targets best-in-class energy- and resource-efficient EU growth companies with proven technology and business model, investing €5–30m across several rounds, usually as minority with strong control, veto and exit rights; 12–15 companies, mostly within two hours of Berlin (Germany and the Nordics), each required to deliver real environmental impact, usually CO₂ reduction.
Holdings & investments (6)
INVESTMENT ARMS & VEHICLES
- Private equity fund investing in European green growth companies
- Growth fund that invested in energy and resource-efficiency companies 2013–2016
- Co-founded by WAM; sector funds (e.g. run-of-the-river hydropower) and an endowment-style Climate Endowment Fund
HOLDINGS & INVESTMENTS · MOST RECENT FIRST
- The Mobility HouseNOTABLEMobility & Logistics
- Industrial & Manufacturing
- Industrial & Manufacturing
- Industrial & Manufacturing
- Climate & Energy
- ScheufelenIndustrial & Manufacturing
People
- Jochen WermuthFounder and Chief Investment Officer; Managing Director (Geschäftsführer, represents the company per Impressum) · source
- Polina BurnosGGF2 investment team (structuring) · source
- Dr. Hans Friedrich von PloetzGGF2 investment team (governmental and international relations) · source
- Dr. Claas HelmkeGGF2 venture partner (technology) · source
- Benjamin WilkeningGGF2 venture partner · source
- Eric FondecaveGGF2 venture partner · source
- Ivan BaranovGGF2 venture partner · source
- Dr Dieter WermuthEconomist Partner; co-founder of Wermuth Asset Management · source
- Dr. Thorsten JelinekManaging Director (Geschäftsführer since mid-July 2026) · source
- Ted ShellGGF2 advisory board, vice-chairman · source
- Paul MorrisGGF2 advisory board member · source
- John M NewsamGGF2 advisory board member · source
- Marina ShestakovaFinance (risk manager) · source
Frequently asked questions
Wermuth Asset Management is a family-anchored fund based in Berlin, Germany, founded in 1999.
Wermuth Asset Management invests its own capital into companies. Its stated asset mix includes private equity, impact and public equities.
Wermuth Asset Management invests at Growth stage in Climate & Energy, Mobility & Logistics, Industrial & Manufacturing and Artificial Intelligence.
Wermuth Asset Management's stated ticket size is €5M–€30M.
Key people at Wermuth Asset Management include Jochen Wermuth (Founder and Chief Investment Officer; Managing Director (Geschäftsführer, represents the company per Impressum)), Dr. Thorsten Jelinek (Managing Director (Geschäftsführer since mid-July 2026)), Polina Burnos (GGF2 investment team (structuring)) and Dr. Hans Friedrich von Ploetz (GGF2 investment team (governmental and international relations)).
Wermuth Asset Management's holdings and investments include The Mobility House, OTI Greentech, Aquarion Water Group, Primekss, NexWafe and Scheufelen.
Wermuth Asset Management states that it accepts submissions through its official contact page.
Yes. Wermuth Asset Management manages capital from outside investors.