Lennart Kronfeld.
Sixteen years in the markets.
I'm Lennart Kronfeld, founder and managing partner of Kronfeld Kapital, a Zurich-based wealth management firm built around three clearly separated offerings: Kronfeld Academy for the structured education of private investors, Kronfeld Insights for institutional-grade equity research, and Kronfeld Investors for the active management of a limited number of client mandates.
I came to the markets early. I started managing my own capital while studying business administration at Frankfurt School of Finance & Management. Trading through the 2007 to 2009 global financial crisis as a young, self-directed investor shaped how I think about markets to this day: concentrated conviction positions, embedded in disciplined risk management through every cycle.
After completing my Master of Science in Finance, I spent four years from 2010 to 2014 as an equity analyst at an independent Frankfurt research house, producing company and sector research for institutional clients. In 2014 I moved into a Hesse-based single family office, managing the multi-generational wealth of a German industrial Mittelstand dynasty. Over the following five years I worked at the intersection of public equities and alternative investments. There I saw firsthand an investment world that remains structurally inaccessible to serious private investors: Pre-IPO opportunities, selected hedge fund and private equity allocations, and Fixed Income strategies built to institutional standards.
In 2020 I founded Kronfeld Kapital to extend that thinking to a wider group of serious investors, without diluting the standard of a single family office. The firm is deliberately structured as a ladder: those starting out find the framework in Kronfeld Academy; those who want professional research at their side subscribe to Kronfeld Insights; those looking for a partner to actively manage their capital apply for Kronfeld Investors. Conviction without process is just opinion with money behind it.
Portfolio
construction.
A portfolio is built from a small number of well-understood conviction positions, not from diversification for its own sake. Risk is consciously carried, through allocation and size.
Selective
access.
Global growth equities form the core. The portfolio is complemented by a selective allocation to alternative investments wherever access is meaningful and the structure is clean - Pre-IPO opportunities, selected hedge fund and private equity allocations.
Cycles and
discipline.
Sixteen years in the markets has shown me: the investor who holds to a consistent process through every cycle outperforms most market opinions over the medium term. Discipline outperforms prediction.
Kronfeld
Academy.
Structured education for private investors. The framework I would have wanted at the start of my own work.
Kronfeld
Insights.
Institutional-grade equity research, available by subscription. The same research we use ourselves.
Kronfeld
Investors.
Active portfolio management for a limited number of client mandates. Admission is by application and direct review.
Chartered Financial Analyst
Global standard for investment analysis and portfolio management. Awarded by the CFA Institute after three exam levels and four years of qualified work experience.
Chartered Alternative Investment Analyst
Specialized in alternative asset classes - hedge funds, private equity, real assets, commodities, structured products. A direct echo of the family-office years.
Master of Science · Finance
Frankfurt School of Finance & Management, following a Bachelor of Science in Business Administration at the same institution.
What private access
is worth.
On the actual mechanics behind the democratisation of alternative asset classes.
On the patience
of capital.
Why most investors systematically underperform their own portfolios, and what to do about it.
The tax wrapper beats
the basis points.
Why the choice of holding structure matters more at scale than any fee compression or single-year stock selection.
Sixteen years,
four blocks.
Why a portfolio needs four functions, and why two of them are missing from most private portfolios.
The firm.
Kronfeld Academy. Kronfeld Insights. Kronfeld Investors. Application-only.
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