"Financial engineering or real value creation - what are you actually underwriting in buy & build?"

Buy & Build has been around for decades, yet dedicated micro-cap strategies are only now emerging as an investable LP asset class in DACH. Frederik Brandis founded Aven Capital Partners, a specialised fund backing entrepreneurs who build micro-cap platforms. Michael Hinderer made his first Buy & Build investment nearly three decades ago and has seen what works - and what breaks. Tobias Gombert runs the 2MS family office, invests across asset classes and LP in Aven. Around this table they discuss where returns really come from, how to pick the entrepreneur behind the platform, where integration and leverage go wrong, and where Buy & Build fits in an LP portfolio.

Host:
Michael Hinderer (Hinderer Family Office)
Tobias Gombert (Hinderer Family Office)
Frederik Brandis (Aven Capital Partners)
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What are Roundtables?
Roundtables are curated sessions for 15 selected individuals, led by prominent LPs. The format features a 45-minute peer-level exchange on market realities, governed by the Chatham House Rule. This confidential setting connects you directly with influential allocators, and fosters deep, authentic relationship building through candid discussion.