Munich-based venture firm

Raising global capital through a German fund, without the operational burden

Picus Capital, a leading Munich-based venture firm, was raising Venture Fund II with a €250m hard cap. They wanted to bring in HNWIs, private wealth clients and regulated institutions, but the German fund structure made that operationally complex.

~€100m raised46 investor regimesM&G + Wilshire investedSingle LP on cap table

The challenge

Picus Capital, a leading Munich-based venture firm, was raising Venture Fund II, targeting a €250m hard cap. They wanted to bring in HNWIs, private wealth clients and regulated institutions alongside existing LPs. The German fund structure made onboarding diverse investor types across multiple regulatory regimes operationally difficult.

The solution

Titanbay established a Luxembourg SCSp-RAIF feeder fund and managed the entire operational lifecycle: investor onboarding, KYC/AML, capital call coordination and reporting. Institutional investors including M&G and Wilshire invested via the platform, appearing as a single LP on the Picus cap table.

The outcomes

Approximately €100m raised through the feeder. 46 distinct investor regulatory regimes onboarded. M&G and Wilshire invested. Single LP on the Picus cap table. Zero operational burden on the Picus team.