Earn Trust.
Deliver Growth.
FCM is an established, independent private markets investor with offices in Düsseldorf and Luxembourg.
Earn Trust.
Our DNA
FCM Frederic Capital Management was founded in 2017 and is an established, independent private markets investor with offices in Düsseldorf and Luxembourg.
We have a diversified investment approach with the overarching goal that our investments increase in value in the long term. To meet this goal, we invest in the private market asset classes of private equity, infrastructure, and private debt. For this, we allocate capital to funds and co-investments.
Further, the company’s focus is on developing a particular sensibility towards the needs of our clients and ensuring that this is always at the centre of our decision-making.
Team
Roland Braza
Managing Director
"Success doesn't consist of excuses." – Unknown
Roland has held the position of Managing Director at FCM since 2019. As Managing Director, he shares responsibility for the investment decisions of the company.
Prior to joining FCM, Roland worked for several years at Advent International as a Director and as the Managing Director of the private equity division of a family office.
Roland holds an M.A. in International Economics from the Georg August University of Göttingen.
Maximilian Hallmanns
Investment Manager
"It’s not the mountain we conquer, but ourselves." – Sir Edmund Hillary
Max has been part of the FCM investment team since 2022. As an Investment Manager, he is jointly responsible for the global selection of fund managers.
Prior to FCM, Max worked for several years at AltamarCAM Partners and Caplantic in the investment team, where he led the expansion of mandate solutions for institutional clients.
Max holds an M.Sc. in Finance & Accounting from the University of Cologne.
Thi La Nguyen
Analyst
"All progress takes place outside the comfort zone." – Michael John Bobak
Thi La joined the FCM investment team in 2022. As an analyst, she actively supports the co-investment processes.
Before joining FCM, Thi La gained professional experience at TK Elevator and Baker Tilly in the areas of valuation, M&A, and transaction services.
Thi La holds a B.Sc. in Financial Management from the Justus-Liebig-University Giessen and has completed study programs at the Karlstad Business School in Sweden and the UoW Sydney Business School in Australia.
Sebastian Osing
Managing Partner
"The secret of success is to understand the viewpoint of others." – Henry Ford
Sebastian is the founder and Managing Partner of FCM and is responsible for the strategic direction of the company and shares responsibility for investment decisions.
Prior to founding FCM, Sebastian worked in private equity advisory at Deloitte, leverage finance at Bank of Ireland and M&A at Evonik Industries.
After completing a banking apprenticeship at Deutsche Bank AG, Sebastian studied business administration at the University of Cologne.
Dr. Sören Paleit
Director
"Success is the sum of small efforts repeated day in and day out." – Robert Collier
Sören joined the FCM investment team in 2017. As a Director, he shares responsibility for FCM's investment processes and decisions. In this role, he has been involved in a variety of national and international private equity transactions.
Prior to joining FCM, Sören worked at Commerzbank AG in the corporate finance division, with assignments in Düsseldorf, Frankfurt, and London.
Sören completed his doctorate at Witten/Herdecke University on the subject of private equity investments in family firms.
Jonas Ziemkus
Head of Finance
"It always seems impossible until it’s done." – Nelson Mandela
Jonas has been part of the FCM team since 2023, where he is responsible for portfolio operations and finance.
Before joining FCM, Jonas was responsible for managing closed-end funds at Ideenkapital. Prior to that, he gained professional experience in controlling for international corporations and in auditing.
Jonas holds an M.Sc. in Auditing, Controlling, and Taxation from the University of Wuppertal.
Noah Zint
Investment Manager
"The secret of getting ahead is getting started." – Mark Twain
Noah has been part of the FCM investment team since 2020. In his capacity as an Investment Manager, he shares responsibility for co-investment processes.
Prior to FCM, Noah gained professional experience at Deloitte and Baker Tilly in the field of International Tax and Audit.
Noah holds an M.Sc. in Accounting, Taxation & Finance from the Heinrich Heine University Düsseldorf and has completed a study program at the University of Trieste in Italy.
Roland Braza
Managing Director
"Success doesn't consist of excuses." – Unknown
Roland has held the position of Managing Director at FCM since 2019. As Managing Director, he shares responsibility for the investment decisions of the company.
Prior to joining FCM, Roland worked for several years at Advent International as a Director and as the Managing Director of the private equity division of a family office.
Roland holds an M.A. in International Economics from the Georg August University of Göttingen.
Maximilian Hallmanns
Investment Manager
"It’s not the mountain we conquer, but ourselves." – Sir Edmund Hillary
Max has been part of the FCM investment team since 2022. As an Investment Manager, he is jointly responsible for the global selection of fund managers.
Prior to FCM, Max worked for several years at AltamarCAM Partners and Caplantic in the investment team, where he led the expansion of mandate solutions for institutional clients.
Max holds an M.Sc. in Finance & Accounting from the University of Cologne.
Thi La Nguyen
Analyst
"All progress takes place outside the comfort zone." – Michael John Bobak
Thi La joined the FCM investment team in 2022. As an analyst, she actively supports the co-investment processes.
Before joining FCM, Thi La gained professional experience at TK Elevator and Baker Tilly in the areas of valuation, M&A, and transaction services.
Thi La holds a B.Sc. in Financial Management from the Justus-Liebig-University Giessen and has completed study programs at the Karlstad Business School in Sweden and the UoW Sydney Business School in Australia.
Sebastian Osing
Managing Partner
"The secret of success is to understand the viewpoint of others." – Henry Ford
Sebastian is the founder and Managing Partner of FCM and is responsible for the strategic direction of the company and shares responsibility for investment decisions.
Prior to founding FCM, Sebastian worked in private equity advisory at Deloitte, leverage finance at Bank of Ireland and M&A at Evonik Industries.
After completing a banking apprenticeship at Deutsche Bank AG, Sebastian studied business administration at the University of Cologne.
Dr. Sören Paleit
Director
"Success is the sum of small efforts repeated day in and day out." – Robert Collier
Sören joined the FCM investment team in 2017. As a Director, he shares responsibility for FCM's investment processes and decisions. In this role, he has been involved in a variety of national and international private equity transactions.
Prior to joining FCM, Sören worked at Commerzbank AG in the corporate finance division, with assignments in Düsseldorf, Frankfurt, and London.
Sören completed his doctorate at Witten/Herdecke University on the subject of private equity investments in family firms.
Jonas Ziemkus
Head of Finance
"It always seems impossible until it’s done." – Nelson Mandela
Jonas has been part of the FCM team since 2023, where he is responsible for portfolio operations and finance.
Before joining FCM, Jonas was responsible for managing closed-end funds at Ideenkapital. Prior to that, he gained professional experience in controlling for international corporations and in auditing.
Jonas holds an M.Sc. in Auditing, Controlling, and Taxation from the University of Wuppertal.
Noah Zint
Investment Manager
"The secret of getting ahead is getting started." – Mark Twain
Noah has been part of the FCM investment team since 2020. In his capacity as an Investment Manager, he shares responsibility for co-investment processes.
Prior to FCM, Noah gained professional experience at Deloitte and Baker Tilly in the field of International Tax and Audit.
Noah holds an M.Sc. in Accounting, Taxation & Finance from the Heinrich Heine University Düsseldorf and has completed a study program at the University of Trieste in Italy.
Roland Braza
Managing Director
"Success doesn't consist of excuses." – Unknown
Roland has held the position of Managing Director at FCM since 2019. As Managing Director, he shares responsibility for the investment decisions of the company.
Prior to joining FCM, Roland worked for several years at Advent International as a Director and as the Managing Director of the private equity division of a family office.
Roland holds an M.A. in International Economics from the Georg August University of Göttingen.
Maximilian Hallmanns
Investment Manager
"It’s not the mountain we conquer, but ourselves." – Sir Edmund Hillary
Max has been part of the FCM investment team since 2022. As an Investment Manager, he is jointly responsible for the global selection of fund managers.
Prior to FCM, Max worked for several years at AltamarCAM Partners and Caplantic in the investment team, where he led the expansion of mandate solutions for institutional clients.
Max holds an M.Sc. in Finance & Accounting from the University of Cologne.
Thi La Nguyen
Analyst
"All progress takes place outside the comfort zone." – Michael John Bobak
Thi La joined the FCM investment team in 2022. As an analyst, she actively supports the co-investment processes.
Before joining FCM, Thi La gained professional experience at TK Elevator and Baker Tilly in the areas of valuation, M&A, and transaction services.
Thi La holds a B.Sc. in Financial Management from the Justus-Liebig-University Giessen and has completed study programs at the Karlstad Business School in Sweden and the UoW Sydney Business School in Australia.
Sebastian Osing
Managing Partner
"The secret of success is to understand the viewpoint of others." – Henry Ford
Sebastian is the founder and Managing Partner of FCM and is responsible for the strategic direction of the company and shares responsibility for investment decisions.
Prior to founding FCM, Sebastian worked in private equity advisory at Deloitte, leverage finance at Bank of Ireland and M&A at Evonik Industries.
After completing a banking apprenticeship at Deutsche Bank AG, Sebastian studied business administration at the University of Cologne.
Dr. Sören Paleit
Director
"Success is the sum of small efforts repeated day in and day out." – Robert Collier
Sören joined the FCM investment team in 2017. As a Director, he shares responsibility for FCM's investment processes and decisions. In this role, he has been involved in a variety of national and international private equity transactions.
Prior to joining FCM, Sören worked at Commerzbank AG in the corporate finance division, with assignments in Düsseldorf, Frankfurt, and London.
Sören completed his doctorate at Witten/Herdecke University on the subject of private equity investments in family firms.
Jonas Ziemkus
Head of Finance
"It always seems impossible until it’s done." – Nelson Mandela
Jonas has been part of the FCM team since 2023, where he is responsible for portfolio operations and finance.
Before joining FCM, Jonas was responsible for managing closed-end funds at Ideenkapital. Prior to that, he gained professional experience in controlling for international corporations and in auditing.
Jonas holds an M.Sc. in Auditing, Controlling, and Taxation from the University of Wuppertal.
Noah Zint
Investment Manager
"The secret of getting ahead is getting started." – Mark Twain
Noah has been part of the FCM investment team since 2020. In his capacity as an Investment Manager, he shares responsibility for co-investment processes.
Prior to FCM, Noah gained professional experience at Deloitte and Baker Tilly in the field of International Tax and Audit.
Noah holds an M.Sc. in Accounting, Taxation & Finance from the Heinrich Heine University Düsseldorf and has completed a study program at the University of Trieste in Italy.
Roland Braza
Managing Director
"Success doesn't consist of excuses." – Unknown
Roland has held the position of Managing Director at FCM since 2019. As Managing Director, he shares responsibility for the investment decisions of the company.
Prior to joining FCM, Roland worked for several years at Advent International as a Director and as the Managing Director of the private equity division of a family office.
Roland holds an M.A. in International Economics from the Georg August University of Göttingen.
Maximilian Hallmanns
Investment Manager
"It’s not the mountain we conquer, but ourselves." – Sir Edmund Hillary
Max has been part of the FCM investment team since 2022. As an Investment Manager, he is jointly responsible for the global selection of fund managers.
Prior to FCM, Max worked for several years at AltamarCAM Partners and Caplantic in the investment team, where he led the expansion of mandate solutions for institutional clients.
Max holds an M.Sc. in Finance & Accounting from the University of Cologne.
Thi La Nguyen
Analyst
"All progress takes place outside the comfort zone." – Michael John Bobak
Thi La joined the FCM investment team in 2022. As an analyst, she actively supports the co-investment processes.
Before joining FCM, Thi La gained professional experience at TK Elevator and Baker Tilly in the areas of valuation, M&A, and transaction services.
Thi La holds a B.Sc. in Financial Management from the Justus-Liebig-University Giessen and has completed study programs at the Karlstad Business School in Sweden and the UoW Sydney Business School in Australia.
Sebastian Osing
Managing Partner
"The secret of success is to understand the viewpoint of others." – Henry Ford
Sebastian is the founder and Managing Partner of FCM and is responsible for the strategic direction of the company and shares responsibility for investment decisions.
Prior to founding FCM, Sebastian worked in private equity advisory at Deloitte, leverage finance at Bank of Ireland and M&A at Evonik Industries.
After completing a banking apprenticeship at Deutsche Bank AG, Sebastian studied business administration at the University of Cologne.
Dr. Sören Paleit
Director
"Success is the sum of small efforts repeated day in and day out." – Robert Collier
Sören joined the FCM investment team in 2017. As a Director, he shares responsibility for FCM's investment processes and decisions. In this role, he has been involved in a variety of national and international private equity transactions.
Prior to joining FCM, Sören worked at Commerzbank AG in the corporate finance division, with assignments in Düsseldorf, Frankfurt, and London.
Sören completed his doctorate at Witten/Herdecke University on the subject of private equity investments in family firms.
Jonas Ziemkus
Head of Finance
"It always seems impossible until it’s done." – Nelson Mandela
Jonas has been part of the FCM team since 2023, where he is responsible for portfolio operations and finance.
Before joining FCM, Jonas was responsible for managing closed-end funds at Ideenkapital. Prior to that, he gained professional experience in controlling for international corporations and in auditing.
Jonas holds an M.Sc. in Auditing, Controlling, and Taxation from the University of Wuppertal.
Noah Zint
Investment Manager
"The secret of getting ahead is getting started." – Mark Twain
Noah has been part of the FCM investment team since 2020. In his capacity as an Investment Manager, he shares responsibility for co-investment processes.
Prior to FCM, Noah gained professional experience at Deloitte and Baker Tilly in the field of International Tax and Audit.
Noah holds an M.Sc. in Accounting, Taxation & Finance from the Heinrich Heine University Düsseldorf and has completed a study program at the University of Trieste in Italy.
Roland Braza
Managing Director
"Success doesn't consist of excuses." – Unknown
Roland has held the position of Managing Director at FCM since 2019. As Managing Director, he shares responsibility for the investment decisions of the company.
Prior to joining FCM, Roland worked for several years at Advent International as a Director and as the Managing Director of the private equity division of a family office.
Roland holds an M.A. in International Economics from the Georg August University of Göttingen.
Maximilian Hallmanns
Investment Manager
"It’s not the mountain we conquer, but ourselves." – Sir Edmund Hillary
Max has been part of the FCM investment team since 2022. As an Investment Manager, he is jointly responsible for the global selection of fund managers.
Prior to FCM, Max worked for several years at AltamarCAM Partners and Caplantic in the investment team, where he led the expansion of mandate solutions for institutional clients.
Max holds an M.Sc. in Finance & Accounting from the University of Cologne.
Thi La Nguyen
Analyst
"All progress takes place outside the comfort zone." – Michael John Bobak
Thi La joined the FCM investment team in 2022. As an analyst, she actively supports the co-investment processes.
Before joining FCM, Thi La gained professional experience at TK Elevator and Baker Tilly in the areas of valuation, M&A, and transaction services.
Thi La holds a B.Sc. in Financial Management from the Justus-Liebig-University Giessen and has completed study programs at the Karlstad Business School in Sweden and the UoW Sydney Business School in Australia.
Sebastian Osing
Managing Partner
"The secret of success is to understand the viewpoint of others." – Henry Ford
Sebastian is the founder and Managing Partner of FCM and is responsible for the strategic direction of the company and shares responsibility for investment decisions.
Prior to founding FCM, Sebastian worked in private equity advisory at Deloitte, leverage finance at Bank of Ireland and M&A at Evonik Industries.
After completing a banking apprenticeship at Deutsche Bank AG, Sebastian studied business administration at the University of Cologne.
Dr. Sören Paleit
Director
"Success is the sum of small efforts repeated day in and day out." – Robert Collier
Sören joined the FCM investment team in 2017. As a Director, he shares responsibility for FCM's investment processes and decisions. In this role, he has been involved in a variety of national and international private equity transactions.
Prior to joining FCM, Sören worked at Commerzbank AG in the corporate finance division, with assignments in Düsseldorf, Frankfurt, and London.
Sören completed his doctorate at Witten/Herdecke University on the subject of private equity investments in family firms.
Jonas Ziemkus
Head of Finance
"It always seems impossible until it’s done." – Nelson Mandela
Jonas has been part of the FCM team since 2023, where he is responsible for portfolio operations and finance.
Before joining FCM, Jonas was responsible for managing closed-end funds at Ideenkapital. Prior to that, he gained professional experience in controlling for international corporations and in auditing.
Jonas holds an M.Sc. in Auditing, Controlling, and Taxation from the University of Wuppertal.
Noah Zint
Investment Manager
"The secret of getting ahead is getting started." – Mark Twain
Noah has been part of the FCM investment team since 2020. In his capacity as an Investment Manager, he shares responsibility for co-investment processes.
Prior to FCM, Noah gained professional experience at Deloitte and Baker Tilly in the field of International Tax and Audit.
Noah holds an M.Sc. in Accounting, Taxation & Finance from the Heinrich Heine University Düsseldorf and has completed a study program at the University of Trieste in Italy.
Fund Investments
€ 1.5bn+
Assets under Management
250+
Analysed Funds p.a.
500+
Relationships with Fund Managers
FCM offers its clients custom access to asset classes including private equity, infrastructure, and private debt. The selection of outstanding fund managers is crucial for this – a process carried out by an experienced team with a first-class track record. The investment criteria include, among others:
- A solid investment team with wide-ranging experience that consistently follows a coherent investment strategy
- A wealth of expertise in fund management within the individual transaction areas and a successful track record
- Constant outperformance across various economic cycles
- Internal resources and abilities that actively help add value to portfolio companies
- Target returns totalling >2.5x MOIC, which reflects our ambitious value creation objectives
The focus of FCM is on building diversified portfolios in accordance with the aforementioned criteria. FCM, upon request, manages the entire investment process in close consultation with its client:
- Holistic allocation planning and portfolio construction
- Comprehensive due diligence on investment opportunities
- Decision-making process (discretionary or in collaboration with the client)
- Constant monitoring and preparation of detailed reports
- Coordination with portfolio administration
Furthermore, there is the option to exclude specific allocation parameters (geography, strategy, etc.).
Co-investments
In addition to its fund investment activities, FCM executes targeted private equity co-investments in collaboration with established fund managers. Co-investments are a key part of modern private market portfolios:
- Cost-efficient access to high-quality private equity opportunities
- Diversification at fund manager level in different sectors, regions, strategies, and exit channels
- Complementary deal flow
- Attractive risk-return profile
- Extend partnerships with existing fund managers
FCM and its dedicated co-investment team have executed on more than 35 co-investment opportunities since 2019. Our investment approach in this area includes:
- Proactively identifying attractive opportunities
- Selecting lead investors with relevant experience
(“the right sponsor for the right deal”) - Focusing on opportunities in the lower and middle market segment across North America and Europe
- Stringent, multi-stage due diligence process
- Equity capital investments between EUR 5 – 20m per co-investment
5
Dedicated Investment
Professionals
35+
Co-investments
executed since 2019
150+
Evaluated
Co-investments p.a.
Environmental | Social | Governance
As an established private markets investor, FCM takes environmental, social and governance (ESG) factors into account when making investment decisions.
In 2018, FCM introduced an ESG policy that governs the integration of ESG factors into its investment process. This ESG policy is updated on an ongoing basis in order to respond to the latest developments and changing conditions.
Further, FCM is a signatory of the UN PRI and is thus committed to the practical implementation of the Principles for Responsible Investing.
Environmental
Social
Governance
A career with FCM
Become a part of our dynamic team!
At FCM, we are always looking for new, talented, and committed colleagues to strengthen our growing team.
We look forward to your application and getting to know you!
News & Publications
Private Equity Survey
Social engagement
Social engagement
2024
FCM supports the B-youth team of the football club SG Agathaberg 1931 e.V.
Co-Investment Survey
Private Banking Magazine
Private Banking Magazine
2023
„Co-Investments bei Private Equity werden immer beliebter“
Institutional portfolio
Private Equity Survey
Social engagement
Social engagement
2024
FCM supports the B-youth team of the football club SG Agathaberg 1931 e.V.
Co-Investment Survey
Private Banking Magazine
Private Banking Magazine
2023
„Co-Investments bei Private Equity werden immer beliebter“
Institutional portfolio
Private Equity Survey
Social engagement
Social engagement
2024
FCM supports the B-youth team of the football club SG Agathaberg 1931 e.V.
Co-Investment Survey
Private Banking Magazine
Private Banking Magazine
2023
„Co-Investments bei Private Equity werden immer beliebter“
Institutional portfolio
Contact
Office Düsseldorf
FCM Frederic Capital Management GmbH
Heinrich-Heine-Allee 38
40213 Düsseldorf
Deutschland
Office Luxembourg
FCM Frederic Capital Management GP S.à r.l.
2, rue Edward Steichen
2540 Luxembourg
Grand Duchy of Luxembourg