Palladio Partners
Also known as Palladio GmbH, Palladio Management GmbH, Palladio (Luxembourg) S.à r.l.
Owner-managed Frankfurt private markets boutique (founded 2012) running infrastructure, private equity and private debt funds and mandates for German institutions; €11.3bn AUM incl. advisory.
Frankfurt private markets boutique founded in 2012 by Dr. Bernd Kreuter and Michael Rieder. Not Palladio Holding (PFH, formerly Palladio Finanziaria), the Italian investment group in Vicenza.
- HEADQUARTERS
- Frankfurt am Main, Germany
- FOUNDED
- 2012
- OUTSIDE CAPITAL
- Yes
- TEAM LISTED
- 11 people
Focus
- STAGES
- GrowthBuyout
- ASSET MIX
- Funds (as LP)Private equityPrivate creditDirect investments
- GEOGRAPHY
- GlobalGermany
Overview
Palladio Partners was founded in 2012 by Dr. Bernd Kreuter and the late Michael Rieder (died 2024) and is an owner-managed private markets boutique with about 100 staff and nine partners. It builds managed accounts, funds and funds of funds in infrastructure, private equity and private debt, mainly for German pension institutions such as insurers, Pensionskassen and Versorgungswerke, as well as banks, church bodies and foundations, and also invests directly in German infrastructure, where about a third of the money it manages or advises is invested. It reports €11.3bn of assets under management as of 30 June 2026, including advisory mandates; in the twelve months to June 2026 it closed about €1.2bn of commitments for the Rotonda Transformation D infrastructure fund, a Railpool continuation vehicle and the VAPEAP private equity fund of funds.
Investment thesis
Global private markets access tailored to German institutional investors: infrastructure across all sectors (greenfield and brownfield, primaries, secondaries, co-investments and directs), small and specialised private equity managers, and differentiated private debt strategies from senior direct lending to distressed debt.
PORTFOLIO (5)
- RailpoolNOTABLEMobility & Logistics · since 2017
- hylaneMobility & Logistics · since 2025
- Höegh Evi (co-investment with Igneo)Climate & Energy · since 2026
- YEXIO data centres (with HOCHTIEF PPP Solutions)Software & SaaS
- Voltfang battery storage partnershipClimate & Energy · since 2025
People
- Dr. Bernd KreuterCo-founder & Managing Partner · source
- Markus PolarczekPartner, member of the management board · source
- Dennis SchnutenhausPartner, member of the management board · source
- Anna BaumbachPartner · source
- Sven ClasenPartner · source
- Sven CzerminPartner · source
- Thomas MehlhornPartner · source
- Steffen ReeserPartner · source
- Oliver SauerPartner · source
- Carsten DentlerOperating Partner · source
- Dr. Annikki SchoolmannManaging Director · source
Links
Frequently asked questions
Palladio Partners is a private equity fund based in Frankfurt am Main, Germany, founded in 2012.
Yes. Palladio Partners invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Palladio Partners invests at Growth and Buyout stages in Climate & Energy, Mobility & Logistics, Industrial & Manufacturing and Software & SaaS.
Key people at Palladio Partners include Dr. Bernd Kreuter (Co-founder & Managing Partner), Markus Polarczek (Partner, member of the management board), Dennis Schnutenhaus (Partner, member of the management board) and Anna Baumbach (Partner).
Palladio Partners's investments include Railpool, hylane, Höegh Evi (co-investment with Igneo), YEXIO data centres (with HOCHTIEF PPP Solutions) and Voltfang battery storage partnership.
The most recent publicly reported investment by Palladio Partners is Höegh Evi (FSRU operator) (Infrastructure co-investment alongside Igneo Infrastructure Partners (announced; closing date not stated)), announced in Aug 2026.
Yes. Palladio Partners manages capital from outside investors.