Dennis Elgegren
Portfolio Management
Private investments are considered as part of allocations beyond public markets, including areas such as private equity, venture capital, private credit and co-investments. At Alpen, we emphasise selectivity, due diligence and long-term alignment. Each opportunity is sourced and evaluated with the aim of structuring private allocations to complement liquid portfolios and reflect the circumstances of ultra-high-net-worth families.
Private markets can play an important role in long-term wealth strategies, offering exposures that differ from traditional equities or bonds. At Alpen, we source opportunities alongside institutional investors, applying rigorous due diligence before recommending participation. Each allocation is assessed for quality, alignment with client objectives and fit within the broader portfolio. Our independence supports a focus on selectivity rather than volume, with strategies considered for their role in complementing liquid holdings and contributing to wider portfolio construction.
Private equity allows clients to participate in companies before or beyond the public markets. We review funds and co-investments with established track records, defined strategies and experienced managers. Selectivity is central: opportunities are assessed carefully, with attention to institutional-grade oversight. Private equity is considered within the context of each client’s liquidity, tax and risk profile, so its role can be integrated appropriately.
Venture capital is considered for allocations to companies ranging from early-stage technology to growth-oriented businesses. At Alpen, we connect clients with carefully selected funds and opportunities, emphasising quality teams and thoughtful structures. We do not chase trends; instead, we apply disciplined due diligence to evaluate how venture allocations can be incorporated within broader portfolio structures. Venture capital is best viewed as a complement to resilient core holdings, adding diversification and potential upside where appropriate.
Hedge funds can provide differentiated strategies across credit, equity or macro approaches. We evaluate managers for their consistency, risk controls and suitability within client portfolios. Rather than emphasising access for its own sake, we prioritise structures that add diversification and resilience. Hedge fund allocations are used selectively to complement core holdings, providing exposure to strategies that behave differently from traditional markets and may help balance portfolio risk.
Private real estate remains a cornerstone of many client portfolios. We evaluate opportunities across commercial, residential and thematic developments, focusing on managers with proven expertise and disciplined execution. Real estate can provide diversification, inflation resilience and income potential when structured thoughtfully. Our role is to source and evaluate investments within the context of broader strategies, aiming to complement listed holdings and client objectives.
Our investment specialists bring experience, insight and discipline. With strategies structured around client objectives, we aim to deliver portfolio management that is transparent and tailored to individual circumstances.
Dennis Elgegren
Pierre Gabris
Gisela Helbling
Fabian Baumgartner
At Alpen, we provide private investment services in Switzerland designed to meet your unique financial needs. As a Swiss-based firm in investment services, we offer:
Navigate the complexities of managing and protecting your wealth with our professional advisers, experienced in Swiss and international financial markets.
Benefit from our familiarity with the Swiss financial market and its regulatory environment.
Receive personalised wealth management plans that reflect your financial goals and risk profile.
Access a full suite of services including investment planning, tax optimisation and succession planning.
We strive to deliver high-quality services aligned with our clients’ objectives.
Private investments are not managed in isolation. They are coordinated with listed assets to create a coherent wealth strategy.
These are questions often asked in relation to private investments.
Private investments may enhance wealth strategies when selected with care and discipline. At Alpen, we emphasise rigorous due diligence, institutional partnerships and thoughtful integration into broader portfolios. Our independence supports a focus on quality rather than volume, with each opportunity assessed in relation to client circumstances, liquidity needs and tax considerations. Whether through private equity, venture capital, private credit or real estate, we evaluate opportunities not as standalones but as part of a global wealth strategy. This approach integrates private investments with liquid holdings, with attention to diversification and long-term considerations, while maintaining clarity and transparency.
For ultra-high-net-worth families, private investments represent an important way to diversify portfolios beyond listed securities. They provide exposure to sectors and strategies not available in public markets, including private equity, venture capital, private credit and co-investments. These allocations are assessed for their role within portfolios when integrated thoughtfully and selectively.
Private markets also behave differently from listed securities, often with longer holding periods and less day-to-day volatility. This can help smooth portfolio performance and provide balance alongside liquid holdings. Success in private markets depends not on access alone but on careful manager selection, rigorous due diligence and disciplined integration within a broader wealth strategy. They are particularly relevant for families seeking intergenerational wealth planning, as longer-term holdings can align with succession strategies, philanthropy or values-based initiatives.
The focus is not on access but on careful selection. At Alpen, we source opportunities through trusted relationships with institutional managers, funds and co-investment partners. Our network allows us to evaluate strategies that meet high standards of transparency, governance and oversight. Only a fraction of opportunities pass our due diligence filters, which include analysis of strategy, team experience and fit with client circumstances.
Selectivity supports private allocations that complement the balance of a client’s portfolio. This process reflects our role as disciplined allocators rather than product distributors. We also perform multi-layered due diligence, including operational reviews, legal analysis and independent verification of performance, with the aim of assessing opportunities against institutional standards. This careful process helps protect clients while creating clarity around how private investments fit into broader strategies.
Private investments are not managed in isolation. They are coordinated with listed assets to create a coherent wealth strategy. Equities, bonds and ETFs are considered for their liquidity and transparency characteristics, while private investments are included to broaden portfolio scope. Combined, they are structured within diversified portfolios that take both flexibility and long-term perspectives into account.
Integration also requires attention to tax considerations, liquidity management and currency exposures. Each allocation is structured to reflect the client’s broader situation, aiming to incorporate private markets as complements rather than speculative add-ons.
Commitments are typically drawn down over years, requiring careful cash flow planning so portfolios remain balanced between liquid and illiquid exposures. This pacing helps clients manage obligations without disrupting broader wealth plans.
Timing is also important: private markets do not move in lockstep with public markets, which means they may behave differently during periods of volatility. By blending liquid and illiquid strategies, portfolios are structured to balance stability with adaptability to changing conditions.
Private markets involve risks that differ from listed securities, including illiquidity, valuation uncertainty and longer time horizons. We address these risks by reviewing managers carefully, applying robust due diligence and considering how each investment fits within the client’s profile. Regular monitoring and reporting are carried out to maintain transparency throughout the holding period and to keep families informed.
Private investments are often held for years, sometimes decades, so they must fit comfortably within a family’s objectives, liquidity needs and succession plans. By focusing on alignment and resilience, Alpen structures private investments to contribute to broader wealth planning. This requires continuous dialogue with clients, adjusting allocations as goals or circumstances change.
Finally, we view private markets not as a guarantee of outperformance but as a disciplined, complementary source of diversification and innovation. By integrating private equity, venture capital, private credit and co-investments selectively, we aim for them to complement portfolios while taking liquidity and transparency into account. This perspective is intended to embed diversification and innovation within a broader portfolio framework.
At Alpen, wealth management goes beyond financial returns. It is grounded in trust, long-term relationships and a structured approach. You remain in control where it matters most, while drawing on professional expertise where this may add value. In this way, portfolios can be structured to reflect your vision, your family’s priorities and the legacy you wish to build.
Pierre Gabris
Your contact for Private Investments
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