Perpetual

Heritage

Perpetual is when an end
becomes a beginning

What the Wilsdorf family is today began with hardship and sorrow. Hans Wilsdorf and his siblings were orphaned in early childhood. From this, they drew a few lasting lessons: Whereas being independent in life, they have always stood as one and developed a deep sense of continuity and a focus on the long-term. These principles became the foundation for exceptional achievements as entrepreneurs, as philanthropists, and above all, as family. These principles live on.

Becoming self-reliant very early in life made me acquire the habit of looking after my possessions and, looking back, I believe that it is to this that much of my success is due. / Hans Wilsdorf

Yet there is another beginning. Perpetual was established by the Wilsdorf family as an independent investment office, to make the orphans’ heritage perpetual. It is trusted with the assets of the Wilsdorf family and an international network of select entrepreneurs and institutions standing as one. Perpetual builds on an exceptional reputation for precision, reliability, and quality, demonstrating an unwavering commitment to future generations.

Perpetual is a lasting commitment
to future generations

Philosophy

Perpetual is a lasting commitment
to future generations

The first self-winding wristwatch was called Perpetual. Today this name stands for an investment philosophy as well.

Perpetual means enduring: Striving to reliably preserve and steadily grow real value across generations, Perpetual adopts a systematic approach based on sound economic evidence. The target is consistent returns and significant compounding benefits over the long term.
Perpetual means reliable: Unconstrained allocation across the full spectrum of asset classes–with complementary risk premia and decorrelated strategies–enhances risk-adjusted returns and resilience through changing economic, geopolitical, and market conditions.
Perpetual means permanent: As a long-term investor, Perpetual provides permanent capital and continuously allocates to private markets. Such illiquid assets offer the opportunity to capture value over extended investment horizons with enhanced diversification and the potential for additional returns. This compensates investors for the reduced flexibility and increased complexity associated with illiquidity.
Perpetual means sustainable: Lasting value requires accounting for costs and benefits to society and environment in an objective, verifiable and comprehensive manner. By valuing externalities and integrating them into strategic asset allocation and portfolio management, Perpetual ensures that its investments are truly effectual for future generations.
Perpetual means independent: With the interests of investors, shareholders, and employees fully aligned, Perpetual can focus solely on investment performance. The multi-manager platform with an open architecture enables Perpetual to partner with the world’s best asset managers, leverage economies of scale, and optimize costs.

Perpetual is about an
evergreen future

For investors

Perpetual is about an
evergreen future

Perpetual has structured its investment programs as a comprehensive suite of distinct yet complementary investment funds. Collectively, they encompass the entire investment universe and, when combined based on individuals’ objectives and requirements, provide an effective solution for outsourced investment management or comprehensive wealth management. Selectively, the specific funds provide high-quality exposure to private markets in their entirety or diversify an existing private-markets portfolio with uncorrelated returns.

Venture capital
Growth equity
Mid-cap buyout
Large-cap buyout

Corporate lending
Asset-backed lending
Specialty finance
Distressed & special situations

Circular economy
Digital transformation
Energy transition
Real estate (value-add)

Bonds
Equities
Liquid alternatives
Absolute return

The target is to achieve superior total return on a risk-adjusted basis, considering all costs and–where applicable–externalities related to society and environment.

The core of each portfolio is consistently diversified in an unconstrained yet highly selective manner and well balanced across geographies, segments, styles, vintages, and underlying managers. To exploit the full return potential, Perpetual continuously optimizes exposure and actively manages liquidity, including by blending direct and co-investments or niche investments as satellites into the portfolio.

Manager quality is a key driver of performance. Perpetual sources and provides access to the best global asset managers objectively and without bias. Prestige, investor expertise and long-term mindset make Perpetual a partner of choice when access is restricted.

Selecting managers is a matter of market overview, funnel management and diligent analysis of strategy, track record, alignment, resources, and structure (“STARS” criteria). It requires attention to detail and constant monitoring.

Perpetual chooses all its partners according to the principles for responsible investing.

Investing in private markets is attractive but comes with inherent complexity that requires active management as well as risk oversight. Evergreen funds are continuous investment vehicles that provide a holistic and efficient solution, seamlessly integrating all investment activities to drive total return.

Fund management includes pacing commitments, handling capital calls and distributions, legal representation, valuing and controlling investments, and liquidity management for uncalled capital. Economies of scale decrease the total cost of ownership. Fund investors can conveniently contribute according to their target allocation with high flexibility in terms of timing, size, and holding period.

Perpetual launched its first evergreen vehicle in 2018.

The Wilsdorf family is committed to leading Perpetual into the future for generations to come as its key shareholder and anchor investor, with all family assets invested in the funds, and promised for generations to come. The employees of Perpetual are also deeply invested, both in a financial and professional sense, creating a unified focus on delivering exceptional performance. With all investors equally exposed to the same underlying investments, benefits and economies of scale are also shared equally.

The genuine alignment of interests fosters a culture of accountability, trust, and shared success, ensuring that Perpetual stakeholders always stand as one.

The Perpetual funds achieve higher total returns through globally diversified portfolio construction, top-tier manager selection, and disciplined execution. The evergreen structure simplifies private market investing, with the interests of all stakeholders fully aligned and focused on delivering investment excellence. 

Perpetual partners with visionaries making the spirit of enterprise perpetual

For founders

Perpetual partners with visionaries making the spirit of enterprise perpetual

Industry focus 
AI
Fintech
Marketplaces
Software

Geo focus
Europe
Israel
US

Selected partnerships
Vertice, Weaviate, Sparetech, HiBob, Copado, sennder

In the beginning, it was a vision and the spirit of enterprise that forged a global success, evolving into what Perpetual is today. Continuing to drive that spirit into the future is a perpetual mission. For that reason, Perpetual Growth empowers enterprising explorers and achievers to turn their visions into reality.

Perpetual Growth partners with like-minded entrepreneurs embracing technology. By leveraging Perpetual’s strategic resources and geographic reach, the support is a nurturing combination of capital, pragmatic guidance, and more. This enables partners to scale and succeed in global markets, creating new market leaders and perpetual enterprises.

Perpetual is about always
standing as one

People

Perpetual is about always
standing as one

Perpetual is family-owned and it is about the people. A family evolves over time, but it always endures. However large or diverse a family may be, its core lies not in finances, but in love and happiness. This is true for everyone at Perpetual.

Dr. Andreas

Gintschel

Caroline

Heinrichs

Dr. Christian

Wiehenkamp

Christina

Angerpointner

Daniela

Tiriboi

David

Landskron

Diem

Hong

Erik

Rimaszombati

Florian

Sommerhoff

Dr. Hans

Langthaler

Dr. Jan

Mellert

Julia

Janicki

Malte

Nowack

Dr. Moritz

Kübel

Nico

Lang

Reshma

Palackan

Stefan

Stauber

Tabea

Maier

Thomas

Schiegg

Ulrich

Fiolka

You-Ha

Hyun

Perpetual is when an end
becomes a beginning

Get in touch with us

Perpetual Investors GmbH
Bruderstraße 1
80538 Munich
Germany

General enquiries
info@prptl.com

Press requests
press@prptl.com

General privacy statement regarding the websites of Perpetual Investors GmbH: The protection of information related to individuals, such as names, telephone numbers, email addresses, or IP addresses (collectively referred to as “personal data”), is of utmost importance. Perpetual Investors GmbH operates its websites and services in accordance with applicable data protection laws, particularly the EU General Data Protection Regulation (“GDPR”) and the German Federal Data Protection Act (Bundesdatenschutz-gesetz “BDSG”). The websites operated by Perpetual Investors GmbH are: prptl.com, perpetualmanagement.com, perpetual-management.com, perpetual-investors.com.

This statement provides an explanation regarding the handling of personal data in this context, with Perpetual Investors GmbH serving as the controller of personal data, located at Bruderstrasse 1, 80538 Munich, Germany. For further information, inquiries can be directed via email to info@prptl.com or through the company’s imprint.

Processing of personal data
When utilizing the websites, personal data, such as IP addresses, is processed to ensure the proper display of content and functionality of the websites, as well as for IT security purposes. / Legal basis: The processing of personal data for the provision of the respective website and for communication is based on overriding legitimate interests. It is technically necessary to process certain personal data (e.g., IP address) for website functionality and communication. / Balancing of interests: A balancing of interests has been conducted to weigh confidentiality interests against the necessity of providing website access and responding to contact requests. The interest in confidentiality is considered secondary in this context; otherwise, website access or responses to inquiries would not be feasible. / Recipient categories: Service providers are utilized to support the operation of the websites. Personal data may be transmitted to these service providers, who are contractually obligated to adhere to the same standards of care in processing personal data.

Contractual engagements
In cases where a contract is entered into, such as for consultancy services, personal data provided by individuals will be processed accordingly. / Legal basis: Personal data is processed to take necessary steps prior to entering a contract and for the execution of the corresponding contract. Personal data of relevant contacts of contractual partners may also be processed based on overriding legitimate interests. / Balancing of interests: A balancing of interests assesses the confidentiality interests of contacts against the necessity of fulfilling contractual obligations. Confidentiality interests are deemed secondary to the performance of the contract. / Recipient categories: Personal data may be transferred to other companies within or outside the group, including external service providers, in the course of service provision. These providers are also contractually obligated to maintain the same level of care in handling personal data.

Corporate transactions
In the event of a sale or restructuring of the company or its services, personal data may be transferred to third parties while adhering to applicable data protection requirements. Individuals will be notified of such transfers at least 30 days in advance. / Legal basis: The processing of personal data during corporate transactions is based on overriding legitimate interests. / Balancing of interests: A balancing of interests evaluates confidentiality interests against the need to complete the transaction or restructuring. Confidentiality interests are subordinate in this scenario.

Anonymization of personal data
Personal data may be anonymized for statistical analysis purposes. / Legal basis: Anonymization processes are based on overriding legitimate interests. / Balancing of interests: The confidentiality interest is considered secondary to the objective of anonymization; otherwise, anonymization would not be achievable. / Recipient categories: Service providers may be engaged for the anonymization process, and personal data may be transmitted to them under contractual obligations to ensure data protection standards.

Cookies, identifiers, and analytics tools
Cookies and analytics tools are utilized to enhance website functionality. Cookies are digital files containing information that can be placed on user devices by web servers. Users have the option to disable cookies through browser settings, and measures can be taken to prevent third-party cookies from being stored. / Legal basis: The use of necessary cookies is based on overriding legitimate interests, while other uses may rely on user consent.

Data retention period
Personal data will be deleted when no longer necessary for processing purposes or when legal retention obligations no longer apply. In the case of unsuccessful job applications, personal data will typically be deleted after six months unless further processing can be justified.

Rights of data subjects
Individuals may exercise their data protection rights by contacting Perpetual Investors GmbH using the provided contact details. These rights encompass the following:

The right to request information about personal data being processed (Art. 15 GDPR).
The right to rectification of inaccurate or incomplete personal data (Art. 16 GDPR).
The right to request deletion of personal data (Art. 17 GDPR).
The right to restrict processing of personal data (Art. 18 GDPR).
The right to object to data processing for direct marketing or profiling purposes (Art. 21 GDPR).
The right to receive personal data in a structured format (Art. 20 GDPR).
The right to withdraw consent for data processing (Art. 7 (3) GDPR).
The right to lodge a complaint with a data protection supervisory authority (Art. 77 GDPR).

Notification of any changes to personal data will be communicated to recipients of the data unless this proves impossible or involves disproportionate effort.

Automatic profiling
Perpetual Investors GmbH does not engage in the creation of automatic profiles.

Data transfer to third countries
Personal data may be transferred to recipients in third countries outside the EU and EEA, including the USA, where data protection standards may differ. Such transfers typically rely on consent, contract performance, adequacy decisions, or standard contractual clauses.

Data security
Appropriate technical and organizational measures are implemented to safeguard personal data against unauthorized access, loss, or destruction. Employees are trained in data protection law and only access personal data when necessary.

Imprint

Perpetual Investors GmbH 
Bruderstraße 1 
80538 Munich 
Germany

Managing Director: Dr. Moritz Kübel 
VAT-ID: DE 299089098
Registration Number: HRB 216511 
Registration Court: Munich

This website is published by Perpetual Investors GmbH, the dedicated investment office of the Wilsdorf family. As such, the company shares its origins with ROLEX SA and Fondation Hans Wilsdorf. Nevertheless, Perpetual Investors GmbH is a fully independent investment firm without any formal connection to ROLEX SA or Fondation Hans Wilsdorf. The Wilsdorf family has been organized with family foundations in Switzerland and Liechtenstein since 1945.

Perpetual Investors GmbH operates as an investment intermediary with a permit according to sec. §34f (1) sen. 1 of the Trade Regulation Act (Gewerbeordnung, GewO) of the Federal Republic of Germany. This permit was granted by the Chamber of Industry and Commerce for Munich and Upper Bavaria, located at Max-Joseph-Strasse 2, 80333 Munich, Germany. It includes the authorization to provide professional investment advice within the meaning of sec. 1 (1a) no. 1a of the Banking Act (Kreditwesengesetz, KWG), as well as investment broking under sec. 1 (1a) no. 1 KWG, within the exemption scope outlined in sec. 2 (6) sen. 1 no. 8 KWG. Perpetual Investors GmbH is officially registered in the Register of Intermediaries under Registration No. D-F-155-KTYY-59.

This website is not intended to provide an investment, tax, accounting, professional or legal advice. Any opinions published do not constitute a recommendation or offer of any investment.

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