About me: How it all began
I was born on 20 April 1983 in Luxembourg into a Luxembourgish family of entrepreneurs. I spent my entire childhood in Luxembourg before moving to Switzerland aged 12 to continue my secondary education. Much to my parents’ surprise, at 18, not only did I decide to drop out of school, but also not to join the family business. Instead, I wanted to be independent and earn my own money.
It was my passion for cars, which I shared with my father, that led me to launching my first entrepreneurial activity in 2001 in said industry: Buying and selling luxury cars and long-term rentals of premium vehicles all over Europe. The business saw me purchase an area 12 times bigger than my needs due to a lack of an appropriate offer on the market. Thus, my mindset “how to turn challenges into opportunities” was born. At a time when few were interested in acquiring warehouse space, especially in Luxembourg, I became one of the largest owners of warehouse space in the country, possessing a total area of around 120,000 m². I decided to re-design these areas and their usage to render them modular and was able to rent them out in their revamped format at much higher rental rates.
In 2004 I also decided to take venture into the restaurant, bar and night club industry in Luxembourg. I was able to grow the activity, which I successfully exited in 2012, allowing me to refocus on the core business line and more time for my family.
Consequently, I decided to take a closer look at real-estate opportunities, homing in on the strategy of buying land and speculatively developing it without pre-renting. At that time, 2009, in the middle of the financial crisis, no one wanted to invest in office buildings under construction and everyone was trying to get out of the business. My gut-feeling and business intuition told me that it was exactly the right time to swim against the tide with a pure mathematical approach– a wise decision that has taken me far!
In 2014, I decided to structure my activities through an appropriate vehicle. I founded a regulated investment fund with the vision of attracting institutional investors that could leverage on my in-depth and interdisciplinary market knowledge and network.
On 15 April 2016 my two daughters were born.
In 2020, the rapid growth of my fund and the multitude of different projects led me to a strategical restructuration. Several regulated entities were launched to secure and to segregate my business into three main fields:
- Land to be developed [LIC Urban Development SCS]
- Development assets [LIC Property Development SCS], and
- Stabilised, income producing assets [LIC Income-Producing Property SCS]
Hot off the press: a significant income producing asset pool is about to be stock-listed – stay tuned for further information!
In 2021 I privately relocated to Monaco in order to take a step back from the operational business activities. The aim being to develop new business opportunities and strategies in challenging times with rapidly developing political and economic turmoil. This is the starting point of a new chapter named Kindy Capital.
About me: How it all began
I was born on 20 April 1983 in Luxembourg into a Luxembourgish family of entrepreneurs. I spent my entire childhood in Luxembourg before moving to Switzerland aged 12 to continue my secondary education. Much to my parents’ surprise, at 18, not only did I decide to drop out of school, but also not to join the family business. Instead, I wanted to be independent and earn my own money.
It was my passion for cars, which I shared with my father, that led me to launching my first entrepreneurial activity in 2001 in said industry: Buying and selling luxury cars and long-term rentals of premium vehicles all over Europe. The business saw me purchase an area 12 times bigger than my needs due to a lack of an appropriate offer on the market. Thus, my mindset “how to turn challenges into opportunities” was born. At a time when few were interested in acquiring warehouse space, especially in Luxembourg, I became one of the largest owners of warehouse space in the country, possessing a total area of around 120,000 m². I decided to re-design these areas and their usage to render them modular and was able to rent them out in their revamped format at much higher rental rates.
In 2004 I also decided to take venture into the restaurant, bar and night club industry in Luxembourg. I was able to grow the activity, which I successfully exited in 2012, allowing me to refocus on the core business line and more time for my family.
Consequently, I decided to take a closer look at real-estate opportunities, homing in on the strategy of buying land and speculatively developing it without pre-renting. At that time, 2009, in the middle of the financial crisis, no one wanted to invest in office buildings under construction and everyone was trying to get out of the business. My gut-feeling and business intuition told me that it was exactly the right time to swim against the tide with a pure mathematical approach– a wise decision that has taken me far!
In 2014, I decided to structure my activities through an appropriate vehicle. I founded a regulated investment fund with the vision of attracting institutional investors that could leverage on my in-depth and interdisciplinary market knowledge and network.
On 15 April 2016 my two daughters were born.
In 2020, the rapid growth of my fund and the multitude of different projects led me to a strategical restructuration. Several regulated entities were launched to secure and to segregate my business into three main fields:
- Land to be developed [LIC Urban Development SCS]
- Development assets [LIC Property Development SCS], and
- Stabilised, income producing assets [LIC Income-Producing Property SCS]
Hot off the press: a significant income producing asset pool is about to be stock-listed – stay tuned for further information!
In 2021 I privately relocated to Monaco in order to take a step back from the operational business activities. The aim being to develop new business opportunities and strategies in challenging times with rapidly developing political and economic turmoil. This is the starting point of a new chapter named Kindy Capital.
Key Facts – Kindy Fritsch’s track record
Kindy Fritsch is the Managing Director and owner of Greenfinch Capital Management S.A. (GCM), a management company for different regulated structures. GCM also acts as the general partner (“GP”) for its limited partners / investors, amongst others:
- GCM manages Greenfinch Global Invest Fund S.C.A. SICAV-FIS (Greenfinch) real-estate investment fund. Since its launch in 2014 the Assets under Management (AuM) have dynamically developed from around € 4.72 million in 2014 to around € 360.38 million in 2019 with triple digit returns observable into the net asset value development. The fund is now in the process of reconversion, in the dynamically developing field of real-estate debt funds and alternative lending with a target volume of more than € 1 billion.
- GCM also manages real-estate assets held by both Greenfinch and:
- LIC Urban Development, whose dedicated strategy focuses on land to be developed
- LIC Property Development, whose dedicated strategy focuses on development assets
- LIC Income-Producing Property, whose dedicated strategy focuses on developed, stabilised and income producing assets.
The total assets under management (AUM) will reach a total value of more than € 3 billion.
Kindy Fritsch, through GCM covers the entire real-estate value chain – from the acquisition of land to its development, letting and income-producing, stabilised assets.
He has implemented a perpetual investment strategy with a focus on ESG criteria and a holistic investment cycle approach, meaning that assets will never be lost.
Kindy Fritsch has constructed over 150,000 m² of office buildings in Luxembourg and has a project pipeline that will increase this number to 400,000 m² in the coming years. In parallel, he has founded other companies in the fields of asset management, project development and management as well as property and facility management.
Kindy Fritsch also serves on numerous boards – in both non-regulated structures and in regulated structures across different industries with a major focus on real estate and private equity.
A strong connection to the retail industry in Luxembourg prevails thanks to the family business, which provides a very sensitive indication of and insight into economic performance and development. Cactus is the largest private employer in the Grand Duchy of Luxembourg and employs more than 4,500 people with a turnover of around € 1.2 billion euros.
New option for a new environment? – My reflection on timing as key strategy factor
There is no doubt that we are headed into very turbulent times with an exceedingly fragile energy sector that is proving to be challenging for economies, private households and political systems.
In such times it is more important than ever to have a sound entrepreneurial mindset with cash ready reserves to snap up opportunities that will arise.
Third parties such as private individuals, entrepreneurs, companies and institutional investors are provided with new opportunities to co-invest directly alongside my own capital, name and experience.
We will keep the perpetual investment approach with its refined focus on both direct and indirect real-estate and private equity investments.
Concretely speaking, investments in both listed and non-listed companies will be made, taking over distressed debt and non-performing assets and asset loans. For listed assets a controlling share will be targeted with as few shares as possible.
The future undoubtedly holds big challenges; however, this also implies highly attractive investment opportunities. Timing will be the key to success.
Why invest with Kindy Capital ®
Kindy Fritsch’s eclectic experience, be it in the world of luxury cars, gastronomy, the family retail business, or real-estate funds, has allowed him to develop a sharpened sense for sustainable value growth through interdisciplinary experience and anticipation.
He is regularly approached by people who want to co-invest with him. With his new structure Kindy Capital, he is once more changing strategy, because he believes that with third-party investments always comes great responsibility. And in this context, what better than someone willing to put his money, and name, where his mouth is.
Kindy, his name, is unique in Luxembourg. He has hence built a unique brand based on his first name alone, providing a clear brand promise: to vouch for his co-investors in his name, and by investing his own capital for the success and continuity of the business.
In a nutshell: Kindy Capital has been founded with the aim of offering convinced private and/or institutional investors the opportunity to co-invest with a committed and experienced entrepreneur.
Supporting Kindy Capital structure is a highly skilled, multi-lingual and multi-disciplinary team of 50 people readily available to provide exclusive, external advice on the assessment of risk and return profiles, and to execute deals start to finish along the entire real-estate value chain.