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Altaroc opens an office in Germany and accelerates its expansion in Europe

Published on
2/9/2026
Amended on
2/9/2026
0
minute(s)
Djamina Grimm alongside the founders ofAltaroc, Frédéric Stolar and Maurice Tchénio
With nearly 20,000 billion euros in private wealth, a large portion of which remains tied up in liquid savings and bank deposits, Germany is currently the private wealth management market in Europe with the lowest exposure to unlisted assets. Following Switzerland and Italy, Altaroc has just opened an office in Munich, headed by Djamina Grimm, who previously worked at DekaBank and Franklin Templeton.
By
Antoine Orsoni
Antoine Orsoni
Altaroc opens an office in Germany and accelerates its expansion in Europe
This article has been automatically translated. Please excuse any inaccuracies or translation errors.
Dieser Artikel wurde automatisch übersetzt. Bitte entschuldigen Sie etwaige Ungenauigkeiten oder Übersetzungsfehler.
This article has been automatically translated. We apologize per inaccuracies or translation errors.

A 20,000-billion-euro market that is still largely overlooked by the private equity sector

As the European Union's largest economy, Germany is home to an estimated 20,000 billion euros in private wealth, according to the 26th edition of the Global Wealth Report by the Boston Consulting Group, published in May 2026. Most of this capital remains invested in liquid savings and bank deposits, two investment vehicles whose returns depend directly on short-term interest rates.

This allocation structure is out of step with investors’ current expectations. Investors are seeking sources of returns that are uncorrelated with public markets—that is, assets whose valuations do not track the daily fluctuations of the stock markets. Private equity precisely meets this need for diversification. Germany is therefore emerging as one of the most strategic markets in Europe for the growth of private equity among private investors.

The country also has one of the densest distribution networks on the continent, comprising private banks, savings banks, independent financial advisors, and family offices. This combination of substantial savings and a well-structured network of advisors makes Germany a particularly suitable market for private equity offerings structured according to institutional standards.

Djamina Grimm to Lead the German and Austrian Markets

To support this expansion, Altaroc has appointed Djamina Grimm as Head of Development for Germany and Austria. She brings more than twenty years of experience in financial services and the distribution of investment solutions.

Before joining Altaroc, Djamina Grimm held several senior sales and management positions at Franklin Templeton and later at DekaBank, where she led sales teams focused on the German market. She has in-depth knowledge of local distribution networks as well as the specific expectations of German high-net-worth clients.

"German private investors and their advisors are now seeking to diversify their portfolios beyond public markets. Our goal is to provide them with access—within a rigorous and educational framework—to the same private equity strategies available to large institutional investors."

Djamina Grimm, Head of Germany

Djamina Grimm, Country Head for Germany and Austria

About 30 German companies that have already received funding

Germany is not new territory for Altaroc. Through its portfolio, the Paris-based company already funds more than 600 companies worldwide, including about 30 German firms such as Corpuls, Staffbase, and Buynomics.

Founded in 2021 by Maurice Tchenio and Frédéric Stolar, Altaroc has raised more than 2 billion euros in four years. Each year, the company selects top-quartile international fund managers and provides access to their funds through a comprehensive, turnkey portfolio. It currently has more than 60 employees and serves more than 8,000 private investors.

“Germany is a key market for private wealth management in Europe. Our comprehensive range of products and services enables us to meet the diverse needs of private clients, drawing on proven institutional methods and a rigorous selection process for the best international portfolio managers. This expansion represents a major milestone in the European development ofAltaroc.”

Maurice Tchenio, President and Co-founder ofAltaroc

Maurice Tchénio, President and co-founder ofAltaroc

Following Switzerland and Italy, a third European location

The German office is part of an expansion strategy that has been underway for several years. Altaroc first launched its operations in Switzerland, then more recently in Italy. Germany marks the third stage of this expansion and underscores the company’s ambition to strengthen its presence in the major European private wealth management markets.

As private equity continues to establish itself as an essential component of long-term portfolio allocation, Altaroc continues this expansion with a consistent goal: to make institutional-quality private equity investments accessible to private investors, by adhering to the highest standards for manager selection, portfolio construction, and long-term investment discipline.

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