

Munich Private Equity Funds AG (Oberhaching, founded 1999 as RWB PrivateCapital Emissionshaus, renamed in 2025) is the BaFin-regulated manager of Germany’s largest retail private equity fund-of-funds programme, with some €2.3 billion placed across 160,000+ investment contracts. Its International series invests in lower mid-market buyout funds in North America and Europe; the Direct Return series targets earlier distributions from later-stage funds.
2
€2.3B
1999
Headquarters
Oberhaching (Munich), Germany
Geographic Focus
North America, Europe
Website
www.munich-pe.comPrivate equity funds of funds (lower mid-market buyouts) for retail investors
Munich Private Equity Funds AG, based in Oberhaching near Munich, is the BaFin-supervised manager behind Germany’s largest retail private equity fund-of-funds programme. Founded in 1999 as RWB PrivateCapital Emissionshaus, the group adopted the Munich Private Equity name at the start of 2025 and has placed some €2.3 billion across more than 160,000 investment contracts, making it one of the most experienced providers to private investors in Europe. Its International series invests in lower mid-market buyout funds in North America and Europe, and its Direct Return series in later-stage funds for faster distributions.
Placed Volume
€2.3B
Since 1999
Investment Contracts
160,000+
German retail investors
Founded
1999
As RWB; renamed 2025
Regulation
BaFin
KAGB-licensed AIFM
Latest Fund
€100M+
MPE International 9 (Jul 2026)
Funds on Fundscouter
2
International 9, Direct Return 6
RWB PrivateCapital Emissionshaus starts offering private equity funds of funds to German private investors.
RWB International 8 closes at €201m from 9,100 investors.
RWB becomes Munich Private Equity; MPE International 9 and Direct Return 6 launched.
Ninth international fund passes €100m with 39 target funds; placement extended to June 2027.


Mgmt Fee
2.14%
Domicile
Germany
MPE Direct Return 6 is Munich Private Equity’s shorter-cycle fund-of-funds, now closed: a BaFin-regulated German closed-end Investment-KG that invests in private equity funds already substantially invested, so distributions can begin from 2029 with the basic term ending in 2035. Entry costs 9.9%, running costs 2.14% a year, performance fee above a 5% hurdle; KID moderate scenario 3.8% a year net, risk 6/7. No early exit.


Min. Investment
€5,000
Mgmt Fee
1.9%
Domicile
Germany
MPE International 9 is Munich Private Equity’s (formerly RWB) current retail private equity fund-of-funds: a BaFin-regulated German closed-end Investment-KG committing to lower mid-market buyout funds in North America and Europe. Over €100 million subscribed by July 2026, 39 target funds and 130+ companies already; placement runs to June 2027. From €5,000 or €50 a month; entry costs up to 17.9%, running costs 1.7–2.1% a year; term to 2040; KID moderate scenario 5.2% a year net.
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