At a glance
- Family investment vehicles were named in eight transactions this week, according to Family Office Hub: six venture rounds, a majority-stake sale and a gym merger.
- Ljungström co-led AnaCardio's €62.5 million Series B with Novo Holdings, the only family lead among the six venture rounds, according to Family Office Hub.
- Two days earlier, Ljungström joined Breye Therapeutics' €67.5 million Series A as a new investor; Novo Holdings also appeared in that round.
Northwestern Mutual launched family office services for clients with at least $50 million in net worth, adding more than 40 in-house specialists for legal, tax, investment and legacy planning, the Milwaukee company said.
Family investment vehicles were named in eight transactions this week, according to Family Office Hub: six venture rounds, a majority-stake sale and a gym merger.
| Family vehicle | Company | Role in round | Size |
|---|---|---|---|
| Ljungström | AnaCardio | Series B co-lead with Novo Holdings | €62.5m |
| Ljungström | Breye Therapeutics | Series A, new investor | €67.5m |
| Goldbeck family office aurum Impact | Reverion | Series B; Kembara led | $175m |
| Basel family office Wecken & Cie | mika | Seed; Smedvig Ventures led | €6m |
| Oetker Ventures | Hadrian | Returning investor; Forgepoint Capital International and SmartFin co-led | $40m |
| Wittouck family office Artal | Universal Quantum | Series A; DCVC and Firgun Ventures co-led | More than $100m |
Ljungström co-led AnaCardio's €62.5 million Series B with Novo Holdings, the only family lead among the six venture rounds, according to Family Office Hub.
Two days earlier, Ljungström joined Breye Therapeutics' €67.5 million Series A as a new investor; Novo Holdings also appeared in that round.
Universal Quantum's more than $100 million Series A will fund a Singapore R&D centre and expansion in the US, Japan and Hamburg, Family Office Hub reported. Oetker Ventures returned for Hadrian's $40 million round, taking the startup's total funding to $65 million, according to the same outlet.
Italmobiliare agreed to sell 80% of Capitelli to CA Animation at a €36 million enterprise value, one of the week's two non-venture transactions. Italmobiliare puts its return at three times cash invested including dividends, or a 20% IRR, though no holding period was disclosed. Verlinvest and Family Trust Investor merged five bouldering brands into a 39-gym group, with Verlinvest contributing The Climbing Hangar and Boulders and Family Trust Investor contributing three German-speaking brands.
Northwestern Mutual's specialists sit inside the advisory channel that already serves the firm's $50 million-plus clients.
Reported by the Numbers desk from Private Wealth Daily and Family Office Hub. Published . Corrections