Germany’s oldest private bank Berenberg has partnered with fintech company Moonfare to provide its customers access to private equity funds.
Berlin-based Moonfare lets individual investors with a minimum of €100,000 invest in private equity funds through its online platform for an annual management fee of 0.5%, according to its website. The business has approximately 5,000 active users on its platform and has invested more than €300m so far. The company collaborates with some of the biggest private equity firms in the world including KKR, Carlyle, EQT and Warburg Pincus.