Private Equity FundInvests through funds, not into companiesLAST VERIFIED Oct 2026 · 6 SOURCES

YIELCO Investments

Also known as YIELCO Investments AG, YIELCO, YIELCO Investments Gruppe

Partner-owned Munich private-markets specialist (founded 2011) running PE, infrastructure and private-debt funds of funds and co-investment funds; EUR 12bn+ assets under service.

HEADQUARTERS: München, Germany
FOUNDED: 2011
AUM: €12.1B (2026)
OUTSIDE CAPITAL: Yes
TEAM LISTED: 15 people

Focus

STAGES: GrowthBuyout
SECTORS: —
ASSET MIX: Funds (as LP)Private equityPrivate credit
GEOGRAPHY: EuropeNorth America

Overview

YIELCO Investments AG is an independent, partner-owned private-markets specialist founded in Munich in 2011, with offices in Switzerland, Spain and Luxembourg. It gives more than 100 institutional investors (insurers, pension funds, financial institutions, family offices and foundations from Germany, Austria, Switzerland, Spain and Italy) access to private equity, infrastructure and private debt through funds of funds, co-investment funds and tailored mandates. It reports EUR 12.1bn of assets under service (aggregate commitments) and about 50 investment professionals. Its fund programmes include YIELCO Private Equity Europe and USA, YIELCO Infrastruktur and YIELCO Metzler Infrastruktur IV, YIELCO Infrastructure Opportunities, YIELCO Senior Debt and YIELCO Specialty Lending.

Investment thesis

Diversified private-markets programmes across time, managers, regions, sectors and strategies: value-oriented mid-market private equity funds of funds in Europe and the US plus special situations and co-investments; global infrastructure funds of funds (primaries and secondaries) and Core+/value-add small and mid-market infrastructure co-investments; European lower mid-market senior secured loans and asset-based specialty lending. Funds of funds typically hold about 12–15 funds (150+ positions).

People

Uwe Fleischhauer
Management Board; Head of Infrastructure, Executive Committee · source
María Sanz García
Management Board; Head of Private Equity, Executive Committee · source
Dr. Matthias Unser
Management Board; Executive Committee · source
Dr. Armin Otterbach
Management Board; CFO · source
Dr. Peter Laib
Chairman of the Supervisory Board · source
Hans Allmandinger
Member of the Supervisory Board · source
Tanja Gharavi
Member of the Supervisory Board · source
Börge Grauel
Managing Director & Head Private Debt · source
Manuel Deimel
Managing Director & Head of Co-Investments · source
Dominik Bub
Managing Director · source
Cédric Frei
Managing Director · source
Natalie Gnesa
Managing Director & Deputy CFO · source
Dr. Britta Lorenz
Managing Director & General Counsel · source
Alexander Kurth
Managing Director Finance · source
Julián Álvarez
Director & Country Head Spain · source

Frequently asked questions

YIELCO Investments is a private equity fund based in München, Germany, founded in 2011.

YIELCO Investments does not primarily put its own money into private companies. It also commits capital to third-party funds as an LP.

YIELCO Investments invests at Growth and Buyout stages.

Key people at YIELCO Investments include Uwe Fleischhauer (Management Board; Head of Infrastructure, Executive Committee), María Sanz García (Management Board; Head of Private Equity, Executive Committee), Dr. Matthias Unser (Management Board; Executive Committee) and Dr. Armin Otterbach (Management Board; CFO).

Yes. YIELCO Investments manages capital from outside investors.