Private markets

Infrastructure / Private Debt / Private Equity

Our services

„Ideas are the beginning points of all fortunes.“

Napoleon Hill (1883-1970, American writer)

YIELCO Investments – our offering

Institutional investors face the challenge of generating sustainable and stable returns in a volatile capital market environment. Investment products listed on a stock exchange are exposed to market forces and often have to deal with price volatility, which is based more on psychological than fundamental factors.

Our approach

YIELCO Investments focuses on alternative investments that generate attractive and long-term predictable income. Asset classes with stable, ongoing returns and a conservative risk profile such as infrastructure and private debt are the focal point of our service offering. In addition, YIELCO invests in the segment of private equity with emphasis on special situations such as restructuring, carve-outs and distressed debt. The focus is on achieving an attractive total return. For all product areas, YIELCO prefers smaller and mid-sized transactions, as the ratio of capital supply and demand is generally the most favourable and therefore more likely to generate attractive risk premiums. For all investment programs and investment solutions, we place importance on optimal diversification over time.

Our network

With more than 20 years of a global network that YIELCO’s partners have built up, investors gain access to the world’s leading fund managers through multi-manager portfolios or customized investment solutions called “managed accounts”. The manager selection follows a systematic selection process with a long proven track record. A proprietary scoring model ensures high transparency and comparability. In addition, YIELCO offers its clients asset management and advisory services for alternative investments in the areas of asset allocation, market research and monitoring as well as specific structuring solutions, especially with regard to the requirements of institutional investors in Germany.

„If you want to achieve something, you have to dig deep, distinguish sharply, connect in many ways and persevere.“

Friedrich von Schiller (1759-1805, poet, philosopher)

The company

„To be successful, you have to have your heart in your business, and your business in your heart.“

Thomas John Watson, Sr. (1874-1956, Chairman of the board IBM)

YIELCO Investments is led by experienced investment experts who have been assisting institutional investors in all areas of alternative investments for an average of 15 years. This experience explains the deep knowledge of the relevant tax and regulatory frameworks. On this basis, YIELCO has developed an innovative product and service offering characterized by attractive conditions and a high degree of alignment of interests with customers. An international advisory board complements the expertise with extensive experience in direct investments. Optimally diversified multi-manager portfolios and individual requirements-based managed accounts enable investors to set up fund portfolios cost-effectively in the following segments:

Infrastructure (equity investments in core, core plus and opportunistic investments)

Private debt (first and subordinated loans for SMEs, specialty lending, distressed debt)

Private equity focusing on special situations (equity investments for complex buyouts, carve-outs and restructurings)

YIELCO’s customer base consists of leading insurance companies, pension funds, financial service providers and (multi) family offices.

Our management

„Anyone who teams up with others, can achieve anything.“

(Author unknown)

Uwe Fleischhauer

is a member of the executive board of YIELCO Investments AG. Between 1998 and 2011 he was self-employed at Fleischhauer, Hoyer & Partner (FHP), Private Equity Consultants, where he focused exclusively on the asset classes private equity, infrastructure, mezzanine and private debt. Besides advising institutional investors, he regularly conducted widely regarded market studies and empirical studies. Prior to becoming self-employed, he was a consultant/project leader at international consulting firms (Mercer Management Consulting and Arthur D. Little). He holds a degree in business administration and a postgraduate degree in “European Enterprise Management” after periods of study in the United Kingdom and Spain.

Boerge Grauel

is a member of the executive board of YIELCO Investments AG. From 2006 to 2018 he was a managing director at Golding Capital Partners, responsible for sourcing, assessing and selecting Private Debt funds (senior debt, mezzanine, credit opportunities, distressed) as well as portfolio management. Previously, Boerge was a consultant at L.E.K. Consulting in Munich and London, focusing on Private Equity. Boerge holds a degree in business administration and international management (Diplom-Kaufmann) from the University of Bamberg and Madrid and is a CFA Charterholder.

André Hesselmann

is a member of the executive board of YIELCO Investments AG. From 2005 to 2011, he was head of the alternative investment unit of a German insurance company with global exposure to private equity, infrastructure, and renewable energies investments. Previously, he held senior positions in corporate finance, private equity and strategic consultancies in Germany, the UK and Switzerland. André holds a degree in business administration (Diplom-Kaufmann), a Master of Business Administration (MBA) and a Master of Laws (LL.M.).

Dr. Peter Laib

is chairman of the supervisory board of YIELCO Investments AG. Up to 2011, Peter was managing director and member of the investment committee and executive at Adveq, a globally active private equity investment manager with € 4 billion of assets under management, for 11 years. He gained extensive experience in the establishment and management of the company as well as the conceptual design and management of alternative investment products. Prior to that, he was engaged in management activities in strategy consulting at A. T. Kearney and held operating positions at Robert Bosch GmbH and Siemens AG. He holds a degree in business administration (Diplom-Kaufmann) from the University of Augsburg, a master of arts in economics from Wayne State University, Detroit, and a PhD in strategic management from the University of Munich (LMU).

Dr. Armin Otterbach

is a member of the executive board and chief financial officer of YIELCO Investments AG. From 2007 until 2012, Armin worked in the finance and fund accounting department of the private equity funds-of-funds manager von Braun & Schreiber Private Equity Partners. As CFO, he was responsible for investor relations and a portfolio of over € 800 million. Prior to that, he worked for a mid-sized tax consulting and accounting firm focusing on auditing and advising corporations, real estate companies, special funds and high net worth individuals. He holds a degree in business administration (Diplom-Kaufmann) and wrote his PhD thesis on investment taxation law at the chair of Prof. Dr. F. Kirchhof, judge at the German Federal Constitutional Court.

María Sanz García

is a managing director at YIELCO Investments AG. Prior to that, she was a partner and founding member of SwanCap Partners (2014-2018), where she assumed co-responsibility for the Private Equity investment program and business development. Prior to joining SwanCap Partners, Mrs. Sanz was a director of Unicredit´s Principal Investments division, where she helped build and oversee the bank´s Private Equity portfolio for over ten years. Mrs. Sanz began her career in 1997 as an Institutional Sales employee for FX and interest rate derivatives in the International Markets division of the HVB Group, where she worked for seven years, and assisted institutional investors and central banks in Europe, America and Africa from the Munich and London offices. Mrs. Sanz has a double degree in International Management from the Universidade Pontificia de Comillas (ICADE) in Madrid and the ESB Business School in Reutlingen and is a CFA Charterholder.

Dr. Matthias Unser

is a member of the executive board of YIELCO Investments AG. Between 2001 and 2011, he held senior management positions at leading European funds-of-funds managers (DB Private Equity, Sal. Oppenheim Private Equity Partners, VCM Capital Management) where he was responsible for private debt (mezzanine, distressed debt, credit opportunities and infrastructure) fund commitments totalling over € 800 million. Prior to that, he was a senior consultant for corporate finance at PricewaterhouseCoopers. He holds a degree in business administration (Diplom-Kaufmann), a PhD in finance from the University of Bamberg and is a CFA Charterholder.

Dieter Weiss

is a member of the management board of YIELCO Investments AG since 2016. Dieter was a business manager at TransnetBW GmbH, Stuttgart, a subsidiary of EnBW which operates the electricity transmission network in Baden-Württemberg. He was responsible for the company’s controlling, corporate planning, accounting and risk management. Previously he held various functions (M&A, equity capital markets and infrastructure investments) in the financial industry. Dieter holds a bachelor’s degree in business studies (Diplom-Kaufmann) and a master’s degree in management, economics and international relations from St. Andrews University in the UK.

Dr. Frank Döring

is a member of the supervisory board of YIELCO Investments AG and has been a management consultant and entrepreneur since 1994. He has nearly 20 years of experience in management consulting, operating management and entrepreneurship, with a broad background and expertise in infrastructure-related industries such as transportation and logistics (airports, ports and rail), utilities and high-tech companies. After having worked for several years as a partner at Mercer Management Consulting, with a focus on growth and value-added strategies for leading companies in Germany and abroad, his focus shifted to the implementation of business strategies as a CEO in mid-sized companies. Dr. Döring has a PhD in physics.

Florian Kirchesch

is a member of the supervisory board of YIELCO Investments and a partner at the M&A boutique Turningpoint Investments in Munich. He has over 10 years of experience in corporate finance/M&A. He was involved in corporate finance transactions both as an external advisor and as chief financial officer. Florian holds a degree in business administration (Diplom-Betriebswirt) and a Master of Laws (LL.M.).

Our Team

Florian Beisl

is an investment analyst at YIELCO Investments AG. Between 2011 and 2017 he worked in the securities department for various regional banks. Florian holds a bachelor of science in finance from the Hochschule der Sparkassen-Finanzgruppe (University of Applied Sciences) in real estate economics and capital markets. Florian is also currently studying to become a Chartered Financial Analyst charter holder.

Ilona Bildiri

is an office manager at YIELCO Investments AG. Between 2008 and 2017 she worked at Allianz Asset Management AG as a legal assistant; her main duties were the preparation of notifications to the supervisory authorities as well as the organization and preparation of supervisory board meetings and their sub-committees. Prior to her time at Allianz, she completed her training as a management assistant in office communication at Siemens AG and continued as a team and project assistant in the information communication mobile area.

Dominik Bub

is an investment director at YIELCO Investments AG. Previously, he was an investment director at SwanCap Partners where he focussed on primary as well as secondary investments within Private Equity. Prior to joining SwanCap, Dominik was an associate director in UniCredit’s Principal Investment group, where he formed part of the team building the bank’s Private Equity portfolio. Before the establishment of the Principal Investments group, Dominik was a member of the investment banking unit of HypoVereinsbank in New York and Munich. He holds a master degree in Business Administration (Dipl. Kaufmann) studying at the University of Bayreuth and Università Cattolica Milan.

Christoph Buchner

is an investment analyst at YIELCO Investments AG. Christoph Buchner is a Bachelor of Arts in International Business Administration. Between 2014 and 2017 he studied for his BA at the Munich Business School and the University of Technology, Sydney. From 2017 to 2018 Christoph Buchner gained experience in auditing at EY in Luxembourg and Munich.

Roland H. Eim

is a senior investment advisor at YIELCO Investments AG. Since 1972, he held a number of management positions in the international automotive and logistics industry with BMW AG; Peterbilt Motor Company, USA; Volvo, Sweden; Inchcape Plc, UK and Paccar Inc., USA. Roland is located in Denver (USA) and supports YIELCO’s market research in North America. He holds degrees as an engineer (Diplom-Ingenieur) and a Master of Business Administration (MBA).

Maira Fontes

is a senior investment analyst at YIELCO Investments AG. She holds a degree from the University of Music and Performing Arts Munich and was a professional ballet dancer at the prestigious Bavarian State Opera for 13 years. She gained, among others, operational management experience on the Ballet Board. Maira holds a Bachelor of Arts in Business Studies from the Open University in England and a Master of Business Administration (MBA) with a major in International Business from the EU Business School Munich and the University of Roehampton, London.

Claudia Freise-Nolte

is a senior controller at YIELCO Investments AG. Between 1989 and 1992, she was an auditor at Ernst & Young. After that, she worked as a consultant for insolvency studies and company valuations for public prosecutors and courts at BEGUTA GmbH in Hanover and Augsburg. From 1999 to mid-2016, she worked in the reporting department at Swiss Re Europe as a financial & reporting analyst and senior accountant, where she was responsible for compiling monthly and quarterly financial statements pursuant to US GAAP as well as the German annual financial statements of the European group companies. Claudia holds a degree in business administration (Diplom-Kauffrau) from the University of Göttingen.

Matthias Hörmann

is an investment analyst at YIELCO Investments AG. During his studies, he gathered extensive experience in investment banking and corporate finance as well as at a startup focused on investments in renewable energies. Matthias Hörmann holds a bachelor’s degree in business administration from University of Applied Sciences Neu-Ulm and has earned his master’s degree in business administration with an emphasis on finance and accounting at Ludwig-Maximilians-University in Munich. Additionally, he successfully completed a semester abroad at Jönköping International Business School, Sweden.

Johannes M. Kneer

is a senior investment analyst at YIELCO Investments AG. Between 2007 and 2011, he was engaged in various university research projects and also gained experience abroad working for a startup company in Iceland. He has operational experience in the renewable energy sector and wrote his diploma thesis about: “The financing of wind energy – the role of institutional investors”, focusing on resource economics. Johannes holds a degree in geography (Diplom-Geograf) from the University of Bonn.

Johannes M. Knöpfle

is an investment manager at YIELCO Investments AG. Before joining YIELCO in 2013 he was focused on institutional sales at LBBW Asset Management and previously gained professional experience in the settlement division at Wüstenrot & Württembergische AG.  Between 2007 and 2010, he was involved in a number of financial projects, at KPMG AG as well as Bain&Company. Johannes is a qualified banker, bachelor of business administration & economics and holds a master’s degree in banking & finance (from Lucerne, Switzerland).

Alexander Kurth

is an investment manager at YIELCO Investments AG. From 2010 until 2017 he was responsible for the administration of von Braun & Schreiber Private Equity Partners, a private equity fund of funds manager. Simultaneously, starting from 2012, he was employed at AssetMetrix, a financial service company for private capital investors. For both companies he headed the operations teams as an authorized representative. His duties ranged from data collection and reporting to investor relations for customer portfolios with a total volume of € 7 bn at the end of 2017. In the eight years prior to this, Alexander Kurth worked in leading roles as controller/group controller for companies in various industry areas. Mr. Kurth holds a business degree (Diplom Kaufmann – equivalent to MBA) of the University of Bayreuth.

Dr. Daniel Maier

is a legal counsel at YIELCO Investments AG. Between 2015 and mid-2018 he worked as an in-house counsel at Tucher-Group and at the City of Munich. Previously he was responsible for advising investors, banks and industrial companies predominantly in corporate and insolvency law at Taylor Wessing, Kuhn Carl Norden Baum and Clifford Chance. Dr. Maier has a doctorate in law and holds a degree in business administration (Diplom-Kaufmann).

Yana Matova

is a senior controller at YIELCO Investments AG. Between 2010 and 2017, she worked in the area of finance and fund accounting at Private Equity funds of funds von Braun & Schreiber Private Equity Partners, where she was mainly responsible for preparing financial statements for all corporate entities, as well as being the main point of contact for tax consultants and auditors. Furthermore, she had responsibility for calculating distributions and capital calls for investors. At the same time, she was employed at AssetMetrix, a finance service provider for private capital investors, being responsible for the departments Accounting and Administrative Services between 2017 and 2018. Yana holds a degree in business administration (Diplom-Kauffrau) from Munich University of Applied Sciences as well as a degree in Accounting and Controlling (University for national and world economics Sofia).

Ferdinand Mohr

is a senior controller at YIELCO Investments AG. Between 2013 and 2019, Ferdinand worked in the area of reporting and fund management at Private Equity funds of funds von Braun & Schreiber Private Equity Partners. Starting in 2014 he was also employed at AssetMetrix, a finance service provider for private capital investors. As a senior controller for both aforementioned companies, Ferdinand was responsible for various investor portfolios and the reporting of a total volume of approximately EUR 10bn in the end. Ferdinand is a qualified banker and holds a bachelor of business administration.

Michelle Rühl

is a senior investment analyst at YIELCO Investments AG. Between 2014 and 2018, she was working for KGAL Group focusing on infrastructure investments (renewable energies), particularly on the acquisition of photovoltaic investments. Previously, Michelle worked at the strategy consultancy Oliver Wyman Financial Services (Munich) on international projects within the financial services industry. From 2008 to 2010, she was part of the institutional sales team at Lehman Brothers Asset Management and Neuberger Berman in London.
Michelle holds a BA (Hons.) in Economics & Management from the University of Oxford and a MA in Economics from Ludwig Maximilians University, Munich.

Marc Schulz

will become managing director of YIELCO Investments (Switzerland) AG (currently in formation), a subsidiary of YIELCO Investments AG, Munich. Between 2008 and 2019 he was a director and branch manager of a Swiss universal bank. Before, he held a leadership position in Private Banking at the Canton Zurich’s leading universal bank. Marc Schulz has been active in the banking sector since 1991 and builds on extensive experience in the investment as well as the credit sector. In 2003, he graduated with a Swiss Federal Diploma in Financial Planning.

Konstantin M. Schuster

is a senior investment analyst at YIELCO Investments AG. Between 2012 and 2015, he studied economics and holds a bachelor of science in economics from the University of Regensburg. Alongside his work, Konstantin earned a master’s degree in finance and accounting at the FOM Munich in 2019. As part of his thesis, he analysed the risk-return profile of pivate debt investments.

David Siller

is senior software engineer at YIELCO Investments AG. He worked for several consultancy agencies in the IT sector for customers in various branches. Before his employment at YIELCO, he planned, developed and maintained customer portals at AssetMetrix, a finance service provider for private capital investors. Having studied informatics and economics at the TU / WU in Vienna, David holds the title „Magister der Sozial- und Wirtschaftswissenschaften“ (comparable to a Master of Science).

Caroline Steinort

is a senior investment analyst at YIELCO Investments AG. Between 2015 and 2017, she advised companies on cross-border transactions as a team member of the British Embassy’s Trade Department in Vienna. For three years prior to that, she was responsible for designing and realising conferences specifically for institutional investors focused on alternative investments. Caroline holds a bachelor of arts from London Metropolitan University.

Vesna Zajc Wagh

is an investment analyst at YIELCO Investments AG. Prior to that, she gained experience with J.P. Morgan, Zooplus AG and a factoring company. Between 2008 and 2015, Vesna Zajc Wagh was responsible for the preparation of business information reports, including autonomous credit risk assessment as a financial analyst for the Slovenian partner of Dun & Bradstreet. Vesna Zajc Wagh holds a degree in Economics from the University of Ljubljana and an MBA from the Frankfurt School of Finance & Management, and has completed modules abroad at SDA Bocconi and BI Norwegian Business School. Vesna Zajc Wagh is currently a CFA Level III candidate.

Our industry board

„Half of success is being able to listen.“

Calvin Coolidge (1872-1933, American politician, 30th president of the United States (1923-1929))

Dajana Brodmann

has been active in the asset management of the E.ON Group since November 2015 and is responsible for investments in private equity and infrastructure for the German Pension Fund (CTA). Prior to joining E.ON SE, she spent four years as head of alternative investments and equities at the Pension Fund of the Auditors and Chartered Accountants in the state of North-Rhine Westphalia (WPV) and over six years as the deputy head of alternative investments at the Bayerische Versorgungskammer (BVK) in Munich. Dajana is a graduate in business administration, a CAIA charterholder and lecturer at the EBS Executive Education of the EBS University of Economics and Law, in Wiesbaden/Rheingau.

Sanjay Gupta

led the US private equity funds platform for a major Canadian pension fund. He is based in New York. Prior to this position, Sanjay was head of Adveq’s US buyout platform, investing in primary and secondary funds as well as co-investments. At the start of his career, he worked as a leveraged finance investment banker at Lehman Brothers, as an investment associate at FLAG Capital (private equity funds-of-funds) and as a strategy consultant. Sanjay Gupta holds an MBA from the University of Chicago.

Natalie Meyenn

has over 20 years of experience in financial services and investments worldwide. Natalie is managing partner at private equity fund Tongolo. Until mid-2016, she was head of private equity at MLC (wealth management division of Australia’s National Bank). In this capacity, with AUD 5 billion Natalie Meyenn managed one of the largest Australian private equity programmes investing in funds, secondaries and direct transactions worldwide. She led the investment committee and was responsible for managing relationships with the internal and external clients that invest in the programme. Prior to joining MLC in 2007, she worked in investment banking (M&A) for Goldman Sachs in New York and Sydney and for the World Bank on microcredit and project finance in Africa and Asia. Natalie is a graduate of the Australian National University (BA), the Kennedy School of Government at Harvard (MPP) and the Harvard Business School (AMP) where she studied history, finance, business, management and marketing.

Hans Poser

is founding partner and managing director of Finadvice in Zurich. Finadvice is specialised in consulting services for utilities and local municipalities, with a focus on M&A transactions, financing and investment advisory. Since its foundation in 1998, Finadvice has realised more than 250 projects with a transaction volume of more than € 45 billion. Between 1993 and 1998, Hans worked, among others, for UBS and the Boston Consulting Group, and was project leader for European corporate transactions within the utility sector. Hans is a graduated engineer (Diplom-Ingenieur) from the Technical University of Berlin and holds a DESCAF (similar to MBA, from the Toulouse Business School).

Axel Veeser

is head of the wind energy business unit of the BayWa r.e. Group, Munich. Within the BayWa Group, the BayWa r.e. Group is engaged in the global activities of renewable energies in the core segments of agriculture, energy and construction. Axel is responsible for the planning, realisation and sale of wind turbines worldwide. Previously, he worked in different positions within transaction and asset management for renewable energies, including Hideal Partners, Babcock & Brown and Unicredit. He holds a degree in business from the University of Stuttgart.

Dr. Ludger Vonnahme

has over 15 years of experience in mergers & acquisitions and financial services. He has also held senior management positions for more than 25 years, including Nordsee (CFO), Rodenstock (CFO), Lufthansa (Board Appointee at Director Level), Thomas Cook (Director and Head of Controlling) and Karstadt (Deputy Head Corporate Development). Until 2017, Dr. Vonnahme was CEO and owner of Capital Management Partners GmbH, a leading Special Situations fund manager in Germany. Additionally, he is Deputy Chairman of the Advisory Board of Hamburger Pensionsverwaltung, Chairman of the Advisory Board of the UKM Group and Chairman of the Board of Directors of River Opportunity Invest. Dr. Vonnahme is a graduate of the University of Cologne (Dr. rer. pol.), the University of Wisconsin, Madison (Master of Science in Economics) and the University of Bonn (Diplom-Volkswirt).

Career

YIELCO Investments AG is an independent and leading investment manager for infrastructure, private debt and private equity investments.
We are looking for employees in the following areas as soon as possible:

Not the right job here?

Then feel free to send us your unsolicited application. As an expanding company, we are always looking for open-minded, committed and professional employees. Start the conversation by emailing your detailed application documents to:

YIELCO Investments AG
Human Resource Management
Promenadeplatz 12
80333 Munich
Tel. +49 (0) 89 – 2323 9297 0
jobs@yielco.com

We look forward to receiving your application!

News

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Christoph Kolumbus

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